I‘ve heard mixed things about targets as they could make you miss gains on a good week or lose even more on a bad week. I have a figure in my head that I’d like to make on a regular basis while I’m starting out but is that something I should forget about?
No, not really. I have in mind a figure I would like to make per month but I don’t need to make it per month as over the course of the year is fine. And even then it’s more than I need to live on. No, far better just to focus on correct money and risk management per trade. Compounding from money management and small losses from good risk management do most of the money making for me…all I have to do is find some winning trades.