I want to set targets. I have a methodology that works and produces small results but those results add up to significant gains once executed over time. Grind out wins with few losses.
Target is $1000 a day, or around 15 pips. I can grind out wins for 20, 15, 10, 7 and get out for break even. I get lots of opportunities 4 a day, so all I need is 1 to go on for the winner, or 2 small trades and I hit the target – the other 2 can be out for break even.
If I hit this target I will be up $5000 a week/ $20,000 a month but that is irrelevant compared to the larger opportunity. Also this method gives up so much greater potential for profit its crazy, but I want to run it to get trading every day multiple times. That is a habit I want to build, as much as the trade results I expect to get.