Your real day by day trading plan is more about your position size, stop losses, close point for a successful trade, for example. In this case you do have a profit target, expressed in terms of the number of pips you may take if the trade is rewarding. It’s not a brilliant idea to let trades drift, hoping for unlimited profits. Some folks do only close out half their position at a certain point, it is true, but if you are going to do that it should be a written part of your plan, not a snap call.

Don’t carry your planned strategy in your head where you can easily get tempted to change it. Write it down along with the rules of your trade apropos the signals that you’ll act on. That way everything is clear and you can offload some of the stress onto the paper. Currency trading is a stressful as well as a dodgy business, and having a well thought plan is vital to the success of your enterprise.