Daily Profit Goal

[SunTrader]

UPDATE--- I hit my daily goal on Thurs and now again on Friday and STOPPED trading.. it feels very good. For me this is the right thing. I hate how I feel when I let a winning day turn to a loss day due to more trading. This FEELS so much better.

It wasn't more trading. It was a losing trade. Those happen regardless of whether one is up or down on the day.

If you have a consistent edge then it is your mind letting profits already made, affect your decision making on any other new trades taken later on.

 

[SimpleMeLike]

I believe this is going to be a key thing for me. Have a goal,,, right now that is to make $500 in a day,, hit it,, and then stop trading. I mean no trades, turn off computer, leave , go do something outdoors. Get away from Cell phone and computer so I am not tempted to trade.

This to me is to treat it like a job. I am trying to make a living at trading. I can be profitable for the day and VERY often give it back as the day progresses.


anyone do this kind of daily profit goal thing? thoughts? Yes, I know some will say why would you stop if you are trading well.

Hello Jdesey,

Good question. Trade what makes you feel good day to day.

I trade on what makes me feel good. I don't have rules.

Whatever feels good I keep doing.

 

[TrailerParkTed]

OP should make his daily profit target, and withdraw everyday if the broker has free ACH withdrawal option.

That daily dopamine hit is going to be sick

Solid advice.

 

[.sigma]

I believe this is going to be a key thing for me. Have a goal,,, right now that is to make $500 in a day,, hit it,, and then stop trading. I mean no trades, turn off computer, leave , go do something outdoors. Get away from Cell phone and computer so I am not tempted to trade.

BETA TRADER!

lol

 

[.sigma]

Hello Jdesey,

Good question. Trade what makes you feel good day to day.

I trade on what makes me feel good. I don't have rules.

Whatever feels good I keep doing.

what da???

what happened to elitetrader since I've been MIA? lmao

 

[SimpleMeLike]

what da???

what happened to elitetrader since I've been MIA? lmao

Good Evening .sigma,

Since you been gone, or MIA, everybody been trying to get rich man. Just trying to get rich.

 

[.sigma]

Good Evening .sigma,

Since you been gone, or MIA, everybody been trying to get rich man. Just trying to get rich.

Everybody?

Let me ask, why do you want to "get rich"? Just curious.

 

[arun gupta]

I believe this is going to be a key thing for me. Have a goal,,, right now that is to make $500 in a day,, hit it,, and then stop trading. I mean no trades, turn off computer, leave , go do something outdoors. Get away from Cell phone and computer so I am not tempted to trade.

This to me is to treat it like a job. I am trying to make a living at trading. I can be profitable for the day and VERY often give it back as the day progresses.


anyone do this kind of daily profit goal thing? thoughts? Yes, I know some will say why would you stop if you are trading well.

I think it is a great plan that one should follow.. I also like to follow this plan once i learn to trade. I started my journey recently so I am looking for Genuine mentors.

 

[hilmy83]

Errbody tryna get rich blood. It ain't worth it without the bling ya heard - SML's Uncle

 

[comagnum]

A daily profit goal without a daily loss goal/limit is half baked. My priority is always protecting against large loses. 'Protect the downside aggressively & the upside takes care of itself'.