Your exact daily trading plan is more about your position size, stop losses, close point for a successful trade, and so on. In this example you do have a profit target, expressed apropos the number of pips you may take if the trade is profit-making. It’s not a brilliant idea to let trades drift, hoping for unlimited profits. Some folk do only close out half their position at a certain point, it’s correct, but if you are intending to do that it should be a written part of your plan, not a snap decision.

Do not carry your planned strategy in your head where you can simply be persuaded to change it. Write it down together with the guidelines of your trade re the signals that you’ll act on. That way everything is clear and you can offload some of the strain onto the paper. Currency trading is a difficult as well as a dangerous business, and having a well thought plan is vital to the success of your business.