Forex Zone | Forex Forum

Benefit of Having Daily Targets

Discussion started on General Forex Discussion

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 1157
  • Points: 113
  • Likes Received: 157
  • Reputation: +67/-0
Benefit of Having Daily Targets in General Forex Discussion_xx

In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.

Linkback: https://www.forex.zone/general-forex-discussion/1/benefit-of-having-daily-targets/991/
#1 - February 08, 2019, 03:17:48 PM

  • Posts: 267
  • Points: 100
  • Likes Received: 53
  • Reputation: +0/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.

I disagree with your opinion.
Because in my opinion, setting a daily target will only burden our psychology. Maybe you can be happy because your target today can be fulfilled, it also happens because the market is trending. But what if the market is sideways and your target is not met? Will you accumulate it with the target tomorrow?

Say this, your daily target is $ 5. For Monday your target is fulfilled. Tuesday your target is not fulfilled because the market conditions are bad, then you will add them for Wednesday?
In other words on Wednesday your target is $ 10?
#2 - February 08, 2019, 06:23:22 PM

  • Posts: 1
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
good or not it depends on the type of trader, if the full time trader in the sense of focusing on trading is very good and if the part time I feel is not good too bro, because it is draining and time consuming and must continue to focus
#3 - February 08, 2019, 10:55:06 PM

  • Posts: 115
  • Points: 0
  • Likes Received: 11
  • Reputation: +1/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
I disagree with your opinion.
Because in my opinion, setting a daily target will only burden our psychology. Maybe you can be happy because your target today can be fulfilled, it also happens because the market is trending. But what if the market is sideways and your target is not met? Will you accumulate it with the target tomorrow?

Say this, your daily target is $ 5. For Monday your target is fulfilled. Tuesday your target is not fulfilled because the market conditions are bad, then you will add them for Wednesday?
In other words on Wednesday your target is $ 10?
i totally agree ( i been there...) . daily targets will keep pressing you to trade even if the market is shitty and then you give all the previous day profits because you've been chasing the "daily target" :)  not this way.. 
#4 - February 08, 2019, 11:01:07 PM

  • Posts: 115
  • Points: 0
  • Likes Received: 11
  • Reputation: +1/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
as a daytrader i try to keep my weekly performance on + overall and monthly.. then analyze it every week and month and i'm not thinking in "dollars" but in points/pips. but this my personal view. 
#5 - February 08, 2019, 11:19:05 PM

  • Benefit of Having Daily Targets in General Forex Discussion_Brad_Pitt
  • Posts: 123
  • Points: 500
  • Likes Received: 38
  • Reputation: +2/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
some time ago I was still using the daily target. but it actually made me always in a hurry in trading. finally I change by changing the target to weekly and making me more relaxed.
#6 - February 09, 2019, 12:07:37 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 82
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
Good morning ... For profit targets we can adjust capital, because with us trading capital is minimal if we force for big profits is certainly risky. Traders must be flexible so that capital is safe and there is income.
#7 - February 09, 2019, 12:19:46 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 546
  • Reputation: +15/-3
Benefit of Having Daily Targets in General Forex Discussion_xx
Good morning ... For profit targets we can adjust capital, because with us trading capital is minimal if we force for big profits is certainly risky. Traders must be flexible so that capital is safe and there is income.
a very good step, by minimizing the profit from the profit trading it is not how much but our funds can be safer, because management money is maintained.
#8 - February 09, 2019, 12:36:06 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
Having a daily target is good and encourages us to discipline trading, but we must pay attention to psychological problems because daily targets tend to make psychology depressed must meet the target every day so that it will make us push ourselves for transactions so that the target is achieved.
#9 - February 09, 2019, 01:52:29 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 155
  • Points: 212
  • Likes Received: 23
  • Reputation: +1/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
this is good opinion, but the problem is to find the opportunity in the market, because not everyday we can find nice set upp in the market. Daily target is good option if you are a scalper
#10 - February 09, 2019, 01:59:42 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 82
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
a very good step, by minimizing the profit from the profit trading it is not how much but our funds can be safer, because management money is maintained.
Good afternoon ... With us always trying to trade in safe prices, I think we can press the risk of loss as little as possible. With us there is always effort, whatever capital, we can manage well with tangible results.
#11 - February 09, 2019, 02:03:57 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 1221
  • Points: 3006
  • Likes Received: 546
  • Reputation: +15/-3
Benefit of Having Daily Targets in General Forex Discussion_xx
Good afternoon ... With us always trying to trade in safe prices, I think we can press the risk of loss as little as possible. With us there is always effort, whatever capital, we can manage well with tangible results.
correct sir, all things about forex, we can understand and meet in the forex.zone forum topic section. we can evaluate brokers, the techniques we want to use.
#12 - February 09, 2019, 02:09:20 AM

  • Benefit of Having Daily Targets in General Forex Discussion_Brad_Pitt
  • Posts: 123
  • Points: 500
  • Likes Received: 38
  • Reputation: +2/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
Having a daily target is good and encourages us to discipline trading, but we must pay attention to psychological problems because daily targets tend to make psychology depressed must meet the target every day so that it will make us push ourselves for transactions so that the target is achieved.
That's right because of that I always convey to beginner traders that you should not use daily targets because they will usually interfere with psychological trading.
#13 - February 09, 2019, 02:18:48 AM

  • Benefit of Having Daily Targets in General Forex Discussion_index
  • Posts: 1047
  • Points: 5672
  • Likes Received: 100
  • Reputation: +4/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
That's right because of that I always convey to beginner traders that you should not use daily targets because they will usually interfere with psychological trading.
Actually it is okay to have a daily target but it doesn't need to be forced because not every day there will be a good trading signal for entry so it still follows the system we have.
#14 - February 09, 2019, 02:58:07 AM

  • Benefit of Having Daily Targets in General Forex Discussion_Brad_Pitt
  • Posts: 123
  • Points: 500
  • Likes Received: 38
  • Reputation: +2/-0
Benefit of Having Daily Targets in General Forex Discussion_xx
Actually it is okay to have a daily target but it doesn't need to be forced because not every day there will be a good trading signal for entry so it still follows the system we have.
absolutely so that an absolute trader has a trading plan so that in carrying out his activities not easily affected by external factors.
#15 - February 09, 2019, 03:05:09 AM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

* Similar Topics

xx
Doesn't Bitcoin benefit initial users unfairly?

Started by Vi on General Cryptocurrency Discussion

7 Replies
184 Views
Last post July 12, 2021, 05:37:59 AM
by caripoin
clip
Daily Boxes with Daily Open Line

Started by Lolek555 on MT4 / MT5 Indicators

1 Replies
1283 Views
Last post June 26, 2020, 12:00:54 AM
by Lolek555
xx
how to set goals and targets in forex

Started by Agus al huda on General Forex Discussion

117 Replies
1137 Views
Last post September 17, 2021, 07:06:38 AM
by Difiq
xx
Have you ever traded Emotionally For Pursuing Targets?

Started by instaforex on General Forex Discussion

117 Replies
1312 Views
Last post September 15, 2021, 11:07:55 PM
by oman