Real happiness lies in gratitude.


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Thursday 25 August 2011

Target 200 daily

After reviewing my trading in this holy month, I have a conclusive tool and edge now.
So I can moved to the next level of trading. I need to determine my min profit traget as I found that keep longer trading hour is bad for me.

So here my trade management plan:

No. of trades per day : remained 2 times per day
Profit target: USD 200 per day. If I got more from first trade, it will be a bonus. If I got less 200 from 1st trade, I will try the second trade.
Risk per trade : -USD 100 per trade, exit as wish - not waiting for Mr Stoploss once I found that the trade is bad. So at most it shall be breakeven.