DIEG

most traders that trade highly volatile assets full time are better off not constantly shifting their goal posts. i.e. goal of $120k/year ($10k/month). if you make $100k in the first month, dont immediately reset your goal to $1.2m for the year. instead, recognize you’ve had a very good month, and that you may also have very bad months. keep the goal consistent. $10k/month is still the goal. in some cases, you can even argue that your goal is now $2k/month — still aim for the $120k and take the rest of the time to sit on your hands. improve/learn/etc. and take no positions unless it is literally free money. once you reframe from $120k -> $1.2m for the year, you’ve set a goal based off what’s likely a monthly high water mark. unlikely goals lead to bad risk management.