celtics2 wrote:So what is considered a daily goal? If I'm trading trading 20k's?? I know what I'm making but what is a decent goal?
TWO PERCENT of your starting account balance for that day. So, in your case, if you start the day with $20,000, you should stop trading whenever you've made $400 of profit.
The idea behind this "rule" is to force yourself to not commit the sin of "over trading".