I am looking for a broker that has a lock out function. This is to keep my from trading after I have hit my goal for the day. So I could disable trading until the next day. I have checked with Fidelity and Webull and they do not offer it. is anyone aware of a broker with that function... and yes, if I had the will power I could just not trade,,, please do not go there, I know that.
So you want to cap your profits? But nothing about capping losses in your post. Thats not going to work in the long run!
Your mind and approach shouldn't be a mechanical square. If the opportunity is present, understand it, realize it, maximize it...make a lot of money. Process the market like Play Doh, not a steel bar. You need to delearn your trading courses and books. They sound sexy and intelligent in far hindsight, but not efficient, refined and practical in reality.
I did not mention it because I have no problem capping losses. I am looking for a tool to help me... maybe this function does not exist at any brokerage
You can stop yourself when losing but can't stop yourself when winning? Hard to believe. Because 99% of everyone else suffer from the opposite issue. But if true, then just apply the same discipline and thought process you use to stop yourself when losing, to also stop yourself you when have hit your profit goal.
TopstepX offers this and I'm a big fan of the feature. That's not a broker, though. It's possible Ninjatrader offers this.
My guess is that if you find such a feature you will find a way to over-ride it. If you are married or in a relation just get your significant other to monitor your trading. Write down your plan. It's psychologically much harder to ignore somrthing you have written down.
I am single.. but I have a trading buddy... he can hold me accountable... I am going to only allow myself to have Trading view open to watch price (I trade QQQ and SPY only) but I am not going to allow my self to have a trading account open.