Daily Profit target

Discussion in 'Trading' started by SuperVolatility, Mar 3, 2008.

  1. i wonder how many people use daily profit target?

    That is to say you make $xx amount of $$ you stop trading for the day.

    If you read my other journals...I do well in the first part of the day....and start handing out my money in the second half of the day.

    I have tried to switch to smaller size contracts in the second half or after my targets were hit...but still not successinding.

    Wonering how seasoned traders do things....obvoiusly it all boils downt o disciple but....

    Also wonder if anyone else falls in this category...

  2. targets are bad news for a trader as it force trades to meet goals that may be unrealistic on a given day.
  3. True possibility.