Would you get out of bed ( aka do the work necessary) if the day target is break-even? I wonder how people would trade if their end of day target was break-even ? Obviously with the constraint of making at least one trade.
Honesty I am an adversary of setting targets. They are purely artificial element in trading and don't reflect market reality, which is: profits and losses are never distributed evenly over time. The best "target" I would think about would be setting fixed trading hours and take every quality setup within those hours, leaving the result of trades up to the edge.
Exactly. One shouldn't even be thinking about the money during the session. The focus should be on trading well.
I am not sure your approach is motivating enough. Say you are given just one day next month to trade. You can choose your day, but you have just one day to take the trades you want. For which minimum level of profits would you be willing to really "get out of bed" for? I mean prepare really well? and which one would you say really easy to reach? 0.1 ? 1 ? 10? 100? 1000? 10k? 50k? 100k? 1m? 10m? 100m?
Unfortunately trading is not pay per hour job, it doesn't work like that. More like a business in this sense. In our "real" business we have the same: some days are actually "down days" cause we pay salaries and store maintenance and day's sales don't cover that. But other days more than cover whole weeks in sales sometimes. That's how it works: probabilities and averages. Not certainty. Which freaks most people out (one of the top reasons of traders failure).
And that's why so many traders fail. You'd have more fun just going to the casino. Or playing online poker.