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Benefit of Having Daily Targets

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Tahajud

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Quote from: Ariyudin on February 09, 2019, 09:01:28 AM
the target is not to be reached that day but only a limitation when the profit exceeds the daily limit / target it is better to stop trading if it continues to arise greed resulting in overtrade

Yes, it is exactly like that, because if it is not restricted, I will continue trading without limits so that in the end I will experience a big loss. so the target is only a limitation so that greedy doesn't appear
#31 - February 09, 2019, 09:05:41 AM

Black_Koujee

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Quote from: Tahajud on February 09, 2019, 08:50:53 AM
So I say this is just an alternative, everyone will definitely be different in trading, if I use daily targets to prevent my greed from appearing and damage my trading

okay bro.
Every trader has his own thoughts about how he chooses his trading method. Likewise in terms of determining the target profit. There are some of them who target pip acquisition, a percentage of capital, or even nominal. It's good, depending on how they react
#32 - February 09, 2019, 09:42:52 AM

Madealvin

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Quote from: Tahajud on February 08, 2019, 03:17:48 PM
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
That's right if it suits me no matter how much profit every day should be grateful and if the loss does not reach the target, every day there is still tomorrow to trade forex.
#33 - February 11, 2019, 06:01:26 AM

Malik

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Quote from: Black_Koujee on February 08, 2019, 06:23:22 PM
I disagree with your opinion.
Because in my opinion, setting a daily target will only burden our psychology. Maybe you can be happy because your target today can be fulfilled, it also happens because the market is trending. But what if the market is sideways and your target is not met? Will you accumulate it with the target tomorrow?

Say this, your daily target is $ 5. For Monday your target is fulfilled. Tuesday your target is not fulfilled because the market conditions are bad, then you will add them for Wednesday?
In other words on Wednesday your target is $ 10?
yess because market are always change, that why we have to adjust our advantage to stand against the market
#34 - February 11, 2019, 06:22:09 AM

Aranchar

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Quote from: Tahajud on February 08, 2019, 03:17:48 PM
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
I agree with you, sir
if we don't have a target
to be achieved
it may be that we always look at the metatrader and will always want to open a position
and that in my opinion is not good
#35 - February 11, 2019, 06:32:24 AM

Iqbaleee

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Quote from: Malik on February 11, 2019, 06:22:09 AM
yess because market are always change, that why we have to adjust our advantage to stand against the market
yes,  market unpredictable   for example this morning when market open usdchf has long shadow   who not set sl he will mc haha
#36 - February 11, 2019, 07:13:02 AM

Malik

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Quote from: Iqbaleee on February 11, 2019, 07:13:02 AM
yes,  market unpredictable  for example this morning when market open usdchf has long shadow  who not set sl he will mc haha
sh*t you make me remember hahaha, i put buy on chf jpy, it hit sl -$11 hahaha, alhamdulillah i use SL
#37 - February 11, 2019, 07:14:53 AM

essan

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Quote from: Tahajud on February 08, 2019, 03:17:48 PM
In my personal opinion, having a trading target per day has advantages. The advantage is that traders can control their lust when trading. So traders are not too over-trading. If you don't have a daily target, definitely open the position. uncontrolled. Which should be profitable today, but eventually it loses again. This is important we have a target. If the target is met, immediately close the chart. So the psychologist is not disturbed. Traders can also fill with other activities, so as not to get bored . Right now I am starting to implement this method, so that my trading is controlled and avoids over tarding.
in my opinion determining the daily target is important but must be based on analysis as well, such as today's target of 5 $ but our analysis does not show the exact direction of the market so I suggest not to enter the market because you dive into the ocean without you knowing the depth of the sea, well like the next day there is a sign to open a position so that day is the minimum target that we must secure with sl +, so that if the market reverses we already have profits and if the market continues to advance according to our analysis then we don't lose the opportunity to get more profit.
#38 - February 11, 2019, 07:19:46 AM

watim

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the advantage is that we will be eager to look for moment entries, but in my opinion the daily target is more shortcomings.
#39 - May 22, 2019, 06:43:49 AM

tantra

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if I look at the daily target it does not provide benefits, it means that I force myself mentally
#40 - May 22, 2019, 08:58:50 AM

handy

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the advantage is that we can trade every day, the disadvantage is to damage the mental if you don't have a good psychology
#41 - May 22, 2019, 10:49:09 AM

cs83

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daily targets will actually make us feel like being chased.
#42 - May 22, 2019, 11:04:29 AM

Bagaskoro

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small daily targets can make us diligent and disciplined provided the target is not excessive.
#43 - May 22, 2019, 11:58:40 AM

santaa

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there are several advantages of applying daily targets including being a disciplined trader and not easily giving up on achieving traget.
#44 - May 22, 2019, 04:11:40 PM

denjaka

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daily targets tend only to exercise discipline not to be obeyed every day because it all depends on the moment / signal.
#45 - May 22, 2019, 05:23:14 PM
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