WHAT IS YOUR PROFIT TARGET NVP ?
good question ! .............
Targets should be set around more KPI based indicators than finite monetary gains.......where the trader analyses their Execution efficiency and effectiveness regarding their current trading models...
so in other words ........how good are you at executing your trading plan ?
entries
Exits
MM
etc etc .......
profit is an outcome .........which is always uncertain regarding market conditions ............above is much more important in your approach
so as an example if a trader is hitting 90% plus on their execution KPIs then eventually they will be doing well profit wise assuming the trading system is robust and backtested profitably already
one cannot ever predict if a trade will be a 1 pip profit or 500 pips profit............all you can do is be efficient and get it into profit in the first place through efficient execution of your trading strategy !
heres the 100% guarantee - sloppy trading will never get you to those bigger bucks !
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