What to do after hitting daily goal?

Switch of the screens & enjoy life.....

A Cohiba Siglo VI is always a favourite if ones goals are surpassed early....:)
 
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.
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that is a very smart way to do things, giving it back is worse than losing outright IMO
 
Quote from Ansare:

OK, so you hit your daily goal. Do you stop trading or keep going? I'm really at a loss about the best way to handle this. Some days I keep going and do very well, and some...

TIA for ideas.

Ansare
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Bypass the dirty water dogs for lunch and go somewhere, sit down and enjoy it.
 
Time for one of these...

Montecristo-No.-1-Box-Of-10.jpg
 
You have hit upon one of the most important aspects of successful trading.

You might want to consider doing as follows:

1. If you can determine when the market is trending strongly, continue to trade and add to the bottom line.

2. If you cannot determine when the market is trending strongly, STOP ... and come back to play another day, with the positive reinforcement of having had (yet another) successfull trading day - this is how you know you can do it over and over and over again.
 
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