[budman]

This is what I found in my trading...

By setting a daily goal, I found my self trading just to make a few more points
to hit my goal. They were trades that were not based on good set ups or a sound plan. They were just hit or miss trades taken soley to reach the goal,
a mistake, for me anyway.

I no longer set a goal. If I was shooting for a grand a day, and quit, I would never have had a 2k day etc. How could I grow?

I found it best to let my profits run, not only in each trade, but also in my daily P&L. I will take 100% of the trades where I find my preferred set ups, regardless of how much I already made. Of course taking into consideration time of day and market sentiment, ticks/trin etc.

The only limit I put on myself is a daily loss limit, where I would stop trading
and call it a day. I base my thinking on the "Keep your losses small and let your profits run" philosophy.

I'm sure others will think I'm nuts. This works for me anyway.

Budman