Quote from NY0BScalper:
If you're hitting your goal and then losing, the problem is not related to goal setting but to your strategy's performance in dfiferent times of day. It's best to take every setup, though if your setups fail after 11:30 except on highly volatile days, obviously you should stop... or risk less capital learning to trade different setups in different times.
What I do though, is tighten up. If my goal is $1000 and I hit it, I don't want to see $850 or less on my screen - when I do, I quit.
this guy made a really good point about trading after 11:30, the market really seems to be out to lunch during lunch time east coast... the good action is towards the open and close of the market, mid-day is problematic.
I only do very limited day trading though, I focus more on day trade style entries into short-term/swing type of trades to hike up the profit to risk ratio and hold on to them for a few days... so im not the best to give advice on daily goals, but I use different techniques to enter trades in the morning compared to the afternoon, and do my best to avoid entries mid-day... mid-day its just a garbage time of day to trade. check your own records though... you might find that a lot of your losers happen around lunch time, but maybe not, it depends on your own style.
Try this... set one goal for the morning, take lunch, and set another goal for the afternoon. you should be hungry by the time lunch comes around anyway, so you can take a break without much indecision, and then you can also get well prepared for the afternoon... and again there wont be much indecision about your afternoon goal because the market will close on you anyway.