Are fixed daily profit targets useful, or can they encourage forced trades?
A daily target can give a trader a sense of structure, but the market does not provide the same quality of opportunities every day.
If a trader is below their target near the end of a session, they may start lowering their entry standards just to reach the number.
Would you prefer a daily process goal, such as taking only qualified setups, instead of a fixed profit target? Under what circumstances could a daily monetary target actually help?