Do you have a daily profit target? | Traders Hideout - futures trading strategies, market news, trading charts and platforms

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Do you have a daily profit target?

  #10 (permalink)

Market Wizard
SF Bay Area + CA/US
Trading Experience: None
Platform: TS, TOS, Ninja(Analytics)
Favorite Futures: NQ CL, ES when volatile mrkts
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Posts: 1,676 since Oct 2011
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The market is different and being able to understand when you want to be mostly day trades is upto the trader. However if some of the moves one wishes to capture.... it will not be on a daily timeframe. These will mostly be swing and some ofcourse holds on weekends. In the last month or two....there have been many a time held the weekend and days into the week. Yes risk mgt is very key at these times. However you got to do what you wish to. R:R is appropriately distributed in the market.

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