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Old 03-25-2007, 04:27 PM
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Join Date: Mar 2007
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Re: profit targets

I have never been able to understand why anybody wants to work with daily profit targets. Always seems like unnecessary additonal pressure with no positive benefit. Maybe I'm missing something.

If you're below target and coming to close of trading, might that not put additional pressure on you to take a trade you might otherwise have not? Or to slack off and miss a few good ones when you've already hit your target earlier on?

I take what the market offers and that does occasionally mean a day where I'll take no trades at all and some days where I'll be down on the day. Being happy with the average works for me.

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