I have had argument after argument with people about whether it is the right thing to do, to have a daily/weekly profit target where you walk away.
I don't think it's correct to do, as long as you can maintain focus. I tend to subscribe to Mark Douglas's way of looking at it, like you're the casino, and you want to take every edge you can. But other's make a valid point that we are not a casino, and the analogy may be a bit flawed.
I want to know what your thoughts are, because I think so highly of your opinion. What do you think is technically correct?
I will say that most of my days do, in fact, end on a high watermark for the session, but I have no set target. I take what the market gives me, and also like to end the day on a nice winner.
Looking forward to hearing what you have to say,