Day Trading Futures And Forex Daily Profit Targets



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Comments

  1. Great question. The short answer is yes however.......If your goal is $200 net per contract I recommend you target say $300 to allow for down days and the other consideration is how often have you stopped trading for the session and then the sweet spot appears? To a more experienced trader I recommend you keep trading when above your daily target until you have 1-2 losing trades or you give back a % of your daily profit before calling it quits for the day. I hope this makes sense as we could have a one hour plus discussion on this important subject. .
  2. Thanks Ray, do you mean that one trades with a fixed profit goal a day to be reached within a maximum of 20 trades, stopping before 20 trades once the profit goal is reached. eg after 4 profitable 5 tick es trades.


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