[Knyyt]

Interesting question really, one i have been grappling w/ for the last few weeks myself. I trade by setting a daily profit goal, and do very well by it.
it is slow and predictable, you could say boring almost. My problem is when, in the past i decided to "trade all day".. i usually end up losing, maybe much like you said, revenge trading who knows. In the past, i thought alot of "% of daily range".. and it is viable, but for me i was not comfortable with it. For me, i view it as a performance measure. The problem with daily target goals as i experiance.. you never get to step out of the box, which is why i started my thread " higher level" to see/read others experiances. In the end, i guess.. it is every trader for himself.. what is comfortable for you may not be for me. maybe that is why they say people trade their belief's etc,etc...
be interesting to see some replies on this, as i have read other thread's,sites, debate the ole profit target/no profit target threads and they tend to get lively! Take care!

Knyyt