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It is not advisable to create unrealistic goals for profit. The goals of a trader should be determined by your expertise. What kind of return other traders have received shouldn't be a worry. If you can earn 2% this should be your goal. The skills and expectations of us should be in line.Unrealistic profit is not really acceptable. I have to try to make a disciplined profit.
You see, there are two types of trading: 1. Scalping, 2. Long-term trading. In scalping, since I only open trades for a short time, I do not manage risk here. And in this case, there is no specific target. And in long-term trading, I use a combination of plan and discipline.It is not advisable to create unrealistic goals for profit. The goals of a trader should be determined by your expertise. What kind of return other traders have received shouldn't be a worry. If you can earn 2% this should be your goal. The skills and expectations of us should be in line.
We will need to make some Efforts so that the income we are going to get from our trades can be increased by us.It is not advisable to create unrealistic goals for profit. The goals of a trader should be determined by your expertise. What kind of return other traders have received shouldn't be a worry. If you can earn 2% this should be your goal. The skills and expectations of us should be in line.
If we are looking to increase our trading skills in this business we will need to make more Efforts also.the daily target generally we the traders fixed our knowledge and experience , it sound be real and practical.
We will have to learn doing our trades with minimal amounts of losses into the markets.I have no fixed target! Both stop loss and take profit are essential to be used because these guard against losses. We see traders are highly averse to using them and they evaluate them very little. That’s why they are the worst victim to losses.
If we will be able to setup some daily targets the trading will also become easier for us.It is difficult to set up a daily target considering the market conditions may remain favourable to my strategy today, but completely unfavourable the next day. It is not good to enter the market when it is unfavourable, so I wait till the conditions match my strategy. The better thing is to set a goal of not losing money, and approach carefully.