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General Forex Discussion
Do you have a goal for the next six months?
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[QUOTE="{0v0}, post: 197669, member: 39887"] Setting some kind of goal target is good practice since it focuses one's attention on overall profitability and not just the current trade. But it can also be problematic if it is not being achieved and creates pressure to trade even when there is no sensible trade to take. Under-performance can also encourage revenge trading whenever a loss is made in an attempt to make the money back. So I would suggest a target that is realistically achievable but without undue pressure to perform. And, of course, one should always remain aware that the market is king and we can only make what the market gives us. Sometimes we can do better and sometimes worse than our targets, depending on what the markets are doing. So a target should be flexible and only a guide rather than a necessity. [/QUOTE]
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