Kardec Trader explains why traders should focus on process goals instead of profit targets. Set measurable, controllable metrics like a 60% win rate, limit monthly drawdown to 10%, and improve your risk-to-reward ratio. These habits compound into long-term success.
Is I would set goals that are not money related. I would say, well, the first year, my goal is to make sure I can improve my win percentage. Or my goals are to make sure I can improve my risk to reward ratio. Focusing on your game plans, focusing on identifying opportunities, making small little goals, and saying my goal for the month is to make sure that I don't have a drawdown more than 10%. Or my goal for this month is to make sure my winning percentage stays at 60%. Those goals are things that we as traders can manage and if we manage those expectations well, we allow ourselves to have the highest possibility of success.
