Monthly target in trading.

[Alisha-k]

Every successful trader has a trading plan that guides both his emotions and greed it's this plan that gives the trader the expected profit for each trade and once the target is achieved he closes his trade waiting for the next day, week or month depending on the kind of trader they are

[akiho yoshizawa]

I've been writing it down for years... in the bullish period the results are very satisfying to have enough savings.. but because I feel less get complacent and the market is bearish the contents of the head so dizzy and no longer to record it... actually very good for managing profit and loss of our trade,, and good luck to all of us...

[Shasha80]

Every successful trader has a trading plan that guides both his emotions and greed it's this plan that gives the trader the expected profit for each trade and once the target is achieved he closes his trade waiting for the next day, week or month depending on the kind of trader they are

Every trader must have a different strategy and target, then our success in trading depends on our ability to analyze the market and also control
emotions. Because it is very important that we make preparations before deciding to trade. Without preparation it is very difficult to survive,
because we know crypto prices are volatile, crypto movements difficult to predict. I have a profit target of 20% every month, if my target is not
achieved, I decide to hold until the target I set is reached. Sometimes our strategies don't always go smoothly, it takes patience to wait for our
target to be achieved.

[yhiaali3]

In fact, I did not try to write down the goal that I want every month, but I used to do a review of my trade every period to see if there were profits or losses, for me I have close and distant goals, some coins I trade to get quick profits in a short period and some Other coins I Hold for the medium or long term to get bigger profits.
Of course everyone's goal is to profit from trading, so writing down plans is important for trading, so you know if the strategy you are following is good or should be changed. If you are not making profits every month, it means that you are developing a wrong strategy and have to change it and follow another one.

[gabbie2010]

Growing up, we were taught about plans and goals and that in making plans, we should also do well to write them down so they become goals.

Writing down plans is a very important as it helps us to be able to see our thoughts and what we want physically, it pushes us and our brains to function in a certain way to achieve the plan.

At the start of the new month,  I want to pen down the amount  i plan to make (monthly target)  from trading cryptocurrency and my other businesses by the end of the month.

-Have you ever tried out this strategy of writing down the amount you wish to make trading every month? If yes, please share your experience.

Well as a matter of fact a trader might not need to set a target or write down a fixed amount of profit that can be earned monthly due to the uncertainty of the cryptocurrencies market structure, there are instances when the market volatility might be high, moderate and low on monthly basis, however once the main goal of earning the monthly profit is actualized or achieved I don't think there is any call for any concern with the value of the money earned, it might be much or low, or possibly green not red and if the monthly profits earned has been consistent there is no any cause to worry because there is always opportunity for another time for trading.

[Strongkored]

-Have you ever tried out this strategy of writing down the amount you wish to make trading every month? If yes, please share your experience.

I've write it down my targets, but unfortunately it can only be achieved when market conditions are in a bull trend, I'm not the type of trader who will do a cutloss at that time, so I'm often stuck and can only wait for the price to up again and when I see the monthly target will make it a little stressful and finally I don't do it anymore. Actually having a trade target can make us more disciplined about what time to start the trade, how much percentage of the capital is used in each trade.

[so98nn]

I have never tried this strategy but it looks amazing. This is good stuff because tracking down your money every time is amazing idea per se. This can help us to understand our actual losses and profits over time. Happens to me, that I think I am in profits however after tally the picture could be different. We forget exchanger fees, transfer fees, maker fees and entry point and exit point of our trade. This could be alarming sometimes if we are trading large volumes. I have not used such pen down strategy and not even the data entry with excel even though we could do it easily. Will surely start noting down what I have invested and how much I wanna make. 

[Ararbermas]

-Have you ever tried out this strategy of writing down the amount you wish to make trading every month? If yes, please share your experience.

yes actually at first when i was new iI'll never count my earnings in trading, wherein i only keep and separate my capital then trade again, that's my routine. But it change when i realised that without any goals or target in trading is very boring,  so after that i always write my profits that i made especially when it comes  daily, so that i can maintain the amount until the month ends. I was surprised and proud on my self to be honest, unlike before that seems nothing wherein there's no specific amount every month..for me there's a big difference with having target because you will have a determination every day in trading just to achieve the amount.. For short there's a thrill. 

[Maslate]

I have never tried this strategy but it looks amazing. This is good stuff because tracking down your money every time is amazing idea per se. This can help us to understand our actual losses and profits over time. Happens to me, that I think I am in profits however after tally the picture could be different. We forget exchanger fees, transfer fees, maker fees and entry point and exit point of our trade. This could be alarming sometimes if we are trading large volumes. I have not used such pen down strategy and not even the data entry with excel even though we could do it easily. Will surely start noting down what I have invested and how much I wanna make. 

This actually helps us to track down all our trading expenses and also our gains.
Having a monthly target will surely give you some pressure but consider this as a thing that could push us to work harder and harder. I know that there are times we are not able to reach our target, definitely, it was a normal case since the market isn't good all the time nor you are into good also. But I hope to have this plan is not just only written on the paper, it should be done seriously otherwise, it makes no sense at all.

[geegaw]

-Have you ever tried out this strategy of writing down the amount you wish to make trading every month? If yes, please share your experience.

I've write it down my targets, but unfortunately it can only be achieved when market conditions are in a bull trend, I'm not the type of trader who will do a cutloss at that time, so I'm often stuck and can only wait for the price to up again and when I see the monthly target will make it a little stressful and finally I don't do it anymore. Actually having a trade target can make us more disciplined about what time to start the trade, how much percentage of the capital is used in each trade.

For an employee, completing a goal means that they have stepped up a pyramid and after such goals, they will have the highest point in their career, of course, living with goals puts our selves in a rigid framework and reduces the effects of entertainment as well as makes us uncomfortable, I have no objection to this theory but it is wrong for a trader to apply such a theory. Because the work outside always uses the time to serve the company from which to calculate the promotion, trading does not have such a department, more experience is not sure to accomplish the goal

[ethereumhunter]

I tried that a long time ago but not in crypto. But I failed to write it consistently because I am too lazy to write for temporary in a note and move it in the book.

But I agree that if we have written it down in our journal, that will help us track how much money we use to invest in crypto. Maybe later I will try to write it in a note or a file.

But if that is about trading, I can download the report from my account to check how good my trading is and how much money I use to trade.