Profit targets per day: do you stop when you're ahead?
Some traders stop for the day after hitting a profit target; others call that leaving money on the table. The evidence is personal: journals that show late-day give-backs make the case for stopping.
What's your rule?
- whether you have a daily profit target
- what you do after hitting it
- the day that taught you to stop while ahead
The journal guide is where give-back patterns become visible.
Background: How to keep a trading journal that actually improves your trading
A journal turns a pile of trades into evidence. What to record, the numbers worth calculating and a weekly review routine that takes less than an hour.
What should a trading journal include?
For each trade: the pair, direction, size, entry, stop, target, risk, the reason for the trade, how you felt, the result in money and in R, whether you followed your plan, and chart screenshots.
How do I calculate expectancy?
Multiply your win rate by your average win, then subtract your loss rate multiplied by your average loss. Measured in R, a positive result means the approach has made money per trade on average.
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