Do you have a daily profit target? - futures io
futures io futures trading



Do you have a daily profit target?


Discussion in Traders Hideout

Updated by jstnbrg
      Top Posters
    1. looks_one Big Mike with 3 posts (5 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 jstnbrg with 1 posts (8 thanks)
    4. looks_4 MShead with 1 posts (1 thanks)
      Best Posters
    1. looks_one jstnbrg with 8.0 thanks per post
    2. looks_two Big Mike with 1.7 thanks per post
    3. looks_3 MShead with 1.0 thanks per post
    4. looks_4 TWDsje with 1.0 thanks per post
    1. trending_up 7,144 views
    2. thumb_up 18 thanks given
    3. group 12 followers
    1. forum 15 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Do you have a daily profit target?

(login for full post details)
  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,835 received

New poll, please vote and discuss!

Do you have a daily profit target?

Total votes: 1014
 


Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:

Can you help answer these questions
from other members on futures io?
Price Down, Volume Up, Open Interest Down
Traders Hideout
Looking freelancer for MT4 Indicator
Platforms and Indicators
Time & Sales Filter Size ES/NQ
The Elite Circle
T​​​​​​radestation datafeed (real time and historical) to NT8
NinjaTrader
Times and Sales more data to be displayed
TradeStation
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Legal question and need desperate help
70 thanks
Building a high-performance data system
14 thanks
Risk reward question
11 thanks
TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)
11 thanks
Is Orderflow An Outdated Concept?
11 thanks
 
(login for full post details)
  #3 (permalink)
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
 
rassi's Avatar
 
Posts: 917 since Jun 2009
Thanks: 1,508 given, 1,160 received



Big Mike View Post
New poll, please vote and discuss!







Mike



Mike did you know the poll doesn't show on Tapatalk or futures.io app


Sent from my iPhone using Tapatalk

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,835 received


rassi View Post
Mike did you know the poll doesn't show on Tapatalk or futures.io app


Sent from my iPhone using Tapatalk

Yes, its a limitation.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #5 (permalink)
Tucson Arizona/usa
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
MShead's Avatar
 
Posts: 8 since Oct 2014
Thanks: 4 given, 4 received

No Targets.
The market giveth and the market taketh, I am a quiet lurker waiting for opportunity. Targets are random emotional limits...

I do have a frustration level that may require a short break and mental resettlement.

Regards to All and GOOD luck in your trading...

Reply With Quote
The following user says Thank You to MShead for this post:
 
(login for full post details)
  #6 (permalink)
Tampa FL
 
Experience: None
Platform: Sierra Charts/TOS
Broker: Future Path/TDA
Trading: Futures/Cryptos
 
CenFlo's Avatar
 
Posts: 637 since Apr 2016
Thanks: 827 given, 950 received


MShead View Post
No Targets.
The market giveth and the market taketh, I am a quiet lurker waiting for opportunity. Targets are random emotional limits...

I do have a frustration level that may require a short break and mental resettlement.

Regards to All and GOOD luck in your trading...

Pretty good way to put it, if I may say so myself.

I'm somewhat the same way, if I'm "In the zone" with the market, I don't limit myself. If it's clearly not my day, I walk away and come back later.

I also have setups that I trade fairly specifically and if I see them coming, it's game on.

You miss 100% of the shots you don't take. - Wayne Gretsky
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #7 (permalink)
Albany, New York, USA & sometimes Central Florida
 
Experience: Intermediate
Platform: Tradovate+Jigsaw, TOS
Broker: Tradovate/CQG, TOS/Pony Express
Trading: Energies, Indexes, Grains
 
Posts: 157 since Mar 2016
Thanks: 535 given, 347 received

I like how MShead put it as well. An arbitrary number does not take into account market conditions, mindset, or any of the components that allow me to trade well. It sounds silly but what limits me the most is my mindset or emotional condition that usually manifests in fear, disgust, or euphoria. The next thing that limits me most is market condition that cause me to misread or lose edge.

When I started trading a daily profit target was exciting and natural. I mean I am trading to make money right. It also arbitrarily kept me from giving back once I reached expectations.

Truthfully I still have a daily $ goal in the back of my mind but I would like to get rid of it as it is not anchored to what good trading is. Some days I have made 3X's my target with good conditions in me and the market and other days I have forced trades trying to get that one more trade to reach the goal and ended negative.

I am still learning and trying to figure everything out but have come to believe that process is the goal. $ Average will follow.

Mighty

Reply With Quote
The following user says Thank You to Mightynorsman for this post:
 
(login for full post details)
  #8 (permalink)
Tampa florida usa
 
Experience: Advanced
Platform: NT
Trading: CL
 
Posts: 62 since Jan 2017
Thanks: 5 given, 73 received


Big Mike View Post
New poll, please vote and discuss!



Mike

No. The markets tell me how much I will make.

Sent using the futures.io mobile app

Reply With Quote
The following user says Thank You to Traderjohnsblog for this post:
 
(login for full post details)
  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,015 since Jun 2009
Thanks: 31,644 given, 94,835 received

Anyone else?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
paps's Avatar
 
Posts: 1,713 since Oct 2011
Thanks: 2,170 given, 1,698 received


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.

Reply With Quote


futures io Trading Community Traders Hideout > Do you have a daily profit target?


November 11, 2017


Upcoming Webinars and Events
 

Getting Comfortable with Price Action Patterns w/Earn2Trade

Aug 4
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts