The KEY MINDSET to set MONTHLY TARGET - IMPORTANT

HI @everyone,

On today post, I would like to share about the KEY MINDSET to set MONTHLY TARGET.

Now is morning in my country, enjoy nice sunside and I got a question that :

--------------------------------------------------------------------------

"I used NCI system and achieve 8R ~ 12% profit, It was so supprised because from now on, I always lost 7-9 trades/10.

I also set monthly target 8 - 20% like you, now, I achieved already on the first week.

How will I trade next weeks ? Because I am fear to lose right now."

--------------------------------------------------------------------------

If you reach 12% in the first week, then withdraw your profits and start your new weeks if you feel scared.

Withdrawing profit is never wrong, and when you withdraw small profits, it will be faster and avoid screening by your local banks and brokers as well.

Reaching 8- 20%, this is a range, I never say 10% or 15% profit as a fixed number, you get 8% or 20% it depends on how you trailing profit.

For example, I reached 12% and my trade is still open, I trailing profit to 20%. This is psychologically soothing and strategically safe

because there is always SL blocking behind your profit.

BUT, if I reached 12% already, trying to find one more order or 2 orders to increase my profit, I will usually lose because of FEAR and try to preserve my profit, so if I lose, I will trade more risky.

This is a fact that many people don't understand or they understand but they can't name it to apply smoothly, so they just set a target profit of 20% or 10% and try to achieve it,

It effected to emotion during trading..... And then....

You know ....

That is reason why you see some traders got nice profit and lose all at the super near target like picture below :