Kardec Trader explains why unrealistic trading goals backfire. Setting targets like $100,000 in your first year creates pressure that leads to FOMO trades and poor decisions. Realistic goals protect your performance.
Make sure you have realistic goals and you set yourself up for success. One thing that I noticed a lot of traders do wrong, including myself, is we set unrealistic goals for ourselves in the market. This creates so much pressure in our trading that causes us to take terrible trades. That causes us to take FOMO trades. I would say I need to make a hundred thousand on my first year. I need to make $200,000 in my first year. All that did for me was it created false expectations and it created so much pressure. Trading is a place where we don't need to create outside pressure, because that outside pressure just does not.
