Call it a day after profit goal?

[USAtrader]

Quote from JoshDance:

For those who trade professionally for a living, I have a question.

- Do you set a particular target return for a day/week/month/year period?

- If you hit that target, do you stop then, or keep going? Say for example that my goal was to increase my profit in the week by 2%. If I hit that by Tuesday morning, what are your thoughts, speaking from your own successful professional experience, about stopping there and not trading the rest of the week? Same for daily/monthly/yearly?

I believe it is highly dependent on where you are at in your trading career, if you've built up your savings already and your financial conditions, what your average up and down day is like, and how often you are up and down, what current market conditions are like (some markets are best left alone after your morning hit, whereas in some volatile conditions you might want to milk all day while it's there), etc. These, and other variables should factor in to answer these questions.