Personal Daily Profit Target
The Personal Daily Profit Target allows traders to set a maximum daily profit threshold, helping traders lock in profits and avoid potential losses from overtrading.
Last updated
The Personal Daily Profit Target allows traders to set a maximum daily profit threshold, helping traders lock in profits and avoid potential losses from overtrading.
Last updated
A daily profit target is a predetermined goal that a trader strives to reach within a trading day. Setting such a target helps traders stay disciplined, focused, and consistent in their trading practices. By setting a Personal Daily Profit Target, traders can better manage their strategies, prevent overtrading, and secure their profits.
Profit targets are calculated on net profit and loss and calculated in real-time. To enable the Personal Daily Profit Target (PDPT), you must enter a Personal Daily Profit Target (PDPT) value and then select a PDPT Action:
If Do Nothing is selected, then the PDPT functionality is disabled.
If Liquidate is selected, then upon reaching the PDPT threshold, all positions in the account will be liquidated. The action will then be reset to Do Nothing.
If Liquidate and Block is selected, then upon reaching the PDPT threshold, all positions in the account will be liquidated, and the account will be blocked from trading until the next trading day.
When the PDPT is successfully enabled, a PDPT gauge will show in the header. This gauge will move in relation to your net profit and loss to help you track your daily performance in relation to your personalized daily profit target.
