On a $40,000 equities account what should be my daily profit goal?

Discussion in 'Chit Chat' started by MoneyGod, Mar 4, 2009.

  1. MoneyGod

    MoneyGod

    Thanks, that's good to know.
     
    #11     Mar 4, 2009
  2. Exactly right. Any kind of market is not a regular paycheck. Sometimes there is nothing to do.
     
    #12     Mar 4, 2009
  3. Yes, I noticed in my trading that when I dont pay attention how much I'm up for the day - I tend to be alot more succesful with my trades.

    You 're over 25k which means you can day trade, focus on placing winning trades - rather than how much you make per trade - the money will catch up to you eventually. Of course make sure to have target stop losses / and profit taking levels when you're engaged in a trade.


    $500 is like an estimate that I guessed, randomly. I mean I had a 5,000 account and I brought in 500-1200$ twice a week trading FAZ and SRS ... depends on your position size / risk tolerance / and strategy.

    It was noobish of me to say $500, but let me correct myself - focus on winning - rather than how much you;re making and keep staring at how much youre up or whatever...that was your emtions dont get over you, and you dont become too cocky/overconfident.

    Just make sure to have stop losses.
     
    #13     Mar 4, 2009
  4. Ask shortie that question! (PM him-- meaning ET member shortie).

    PS: Thanks for the fresh money you are bringing in the market.
     
    #14     Mar 4, 2009
  5. Surdo

    Surdo

    Try breaking even for a month then let us know your goals!
     
    #15     Mar 4, 2009