Monthly points target
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Morning guys, I was wondering what are people happy to achieve on a monthly or quarterly basis as in points profit? I say this because I need to get something stuck in my mind to stop me from over trading. I think I can make much more money with half the amount of time actually trading.
Eg. I had a busy day Saturday with a lot of games hitting my filters. I had nothing planned all day after work so was always going to trade hard. Anyway I managed just over 1 point profit very early on, but continued to trade to my plan. Anyway after about a 8hr session on and off I ended up just under a points profit for the day. A similar thing happened on the Sunday as well. Not that I’m sat in front of my laptop all day but definitely monitoring things all day.
I do enjoy trading football so sitting in front of a laptop and tv all day is heaven to me but I’m just thinking about actual profit and loss. I think I can make much more doing much less. Or even use my spare time learning another sport.
Am I right in my thinking that people are happy to take a 10 point profit a month?
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@ben-jolley I think the question here for me is this:
'Once I get to 1pt profit does my trading go downhill? Or was it variance?'
If you are still trading well and you are still pushing the same edge you were before then there is no reason not to keep on trading. Statistically it does not make sense to stop.
However, if you find you are becoming looser with your trades and not staying in the 'trading zone' during the longer sessions then you should definitely stop when you feel that happening.
