The Opulent Stoic
"The founder of the universe, who assigned to us the laws of life, provided that we should live well, but not in luxury. Everything needed for our well-being is right before us, whereas what luxury requires is gathered by many miseries and anxieties. Let us use this gift of nature and count it among the greatest things."
— Seneca, Moral Letters
Again, today's meditation is not something that can be compared to trading, but very interesting none the less.
The only thing that I would say on the subject is that people can be never satisfied and will always want more!
The same can be said of trading too of course.
If we are focusing on targeting daily profits instead of focusing on executing and managing each trade, we can be side-tracked from our main intention of consistently making the right trading decisions.
Concentrate on the process by finding trades that fully meet the rules/criteria for your strategies and then managing those trades to completion. This means that you are fully focused on the process of executing your trades and reacting to what happens, when your trades go live. If you are "in the zone" with full concentration and zero distractions, you have a much better chance of making the right decisions and taking your targeted profit or cutting short a losing trade at your pre-agreed exit point. When you are ready to enter a trade, you should know what your exit point is, should that trade be going against you.
By doing this you are not concentrating on a targeted daily profit and potentially taking unnecessary risks, or putting unrealistic pressure on yourself; meaning you are executing and managing your trades as planned and you are sticking to your rules/criteria, 100% of the time.
Look after the process and the money/profit will look after itself.