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What is your daily target??

Ben Nathan (BenNathanFX)
Jan 25 2016 at 10:00
137 posts
Couldn't agree more. A daily target is account and psychology suicide

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
kricka
Jan 25 2016 at 22:56
92 posts
If you have a mixture of long term targets and short term targets you just can't ignore daily and weekly goals. This of course depends on what time frame one is trading on. If you are strictly a swing trader then a weekly target should do it. If you are a day trader and by not having a daily and a weekly stop loss, target of the trading account, I would say that is 'psychology suicide'.

" Lock in the profit and minimize the draw down "
koval
Feb 11 2016 at 15:13
37 posts
Best way to calculate daily target is: Trade your plan, feel comfortable on market, just do what you do during normal trading days, and after 2 months you can calculate your avarage daily profit- and this is your daily target.
My monthly target is about 20%( daily its about 0,7%). If It is much i dont know. Thats my target i do it month after month, and i live from it.
https://www.myfxbook.com/members/koval/hedge/1302582

vontogr (togr)
Feb 12 2016 at 11:36
4862 posts
1% a day is realistic, not sure if longterm

Bhanu (bhanu545)
Feb 12 2016 at 11:42
95 posts
Forex is not 'do or die today' thing, always plan for long term. One bad move will vanish all the profit. Instead accept the loss and come up next day fresh to analyze and catch the moves.

More profit with lower risk is my strategy
Trendline Trader
Soyo24
Feb 14 2016 at 07:32
14 posts
My daily target is 0.66% risk per trade with 24 pip sl and 45 pip goal.

FXtrader2010
Feb 15 2016 at 07:30
724 posts
Soyo24 posted:
My daily target is 0.66% risk per trade with 24 pip sl and 45 pip goal.
can I see some perf. stats ? :) I am honestly interested in the approach

NextGenFund
Feb 15 2016 at 07:36
4 posts
Hi..

My daily target is around 1.5 to 2%/day... check my goals target.. trying to maintain the strategy for the next 6 months...

https://www.myfxbook.com/members/NextGenFund/nextgen-capital/1502278

vontogr (togr)
Feb 15 2016 at 09:57
4862 posts
NextGenFund posted:
Hi..

My daily target is around 1.5 to 2%/day... check my goals target.. trying to maintain the strategy for the next 6 months...

https://www.myfxbook.com/members/NextGenFund/nextgen-capital/1502278


@NextGenFund
Hi,
You wont suceed. You trade without stop loss and such trading cant last for longer period.

NextGenFund
Feb 15 2016 at 12:53
4 posts
togr posted:
NextGenFund posted:
Hi..

My daily target is around 1.5 to 2%/day... check my goals target.. trying to maintain the strategy for the next 6 months...

https://www.myfxbook.com/members/NextGenFund/nextgen-capital/1502278


@NextGenFund
Hi,
You wont suceed. You trade without stop loss and such trading cant last for longer period.


Hi,

I respect your opinion sir.. but in my opinion, i'm a trend follower, do I need a stop loss if in my analysis and indicators on my charts shows that the prices are clearly moving in one direction and I 've analyzed the extent to what level the prices will move in that direction and how many pips or profit i need and close the trades before the price changed.... dont be greedy...

don't try to predict the price movement and trying to be a smart guy to sell on the top and buy on the deep.... just let the price move and just follow the trend... trend is your friend, rite?

maybe i'm wrong, but no harm to try rite..?

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