David teaches to aim for a fixed profit target of 12% per month,  once he reaches that target he no longer trades on his live account. By working to this realistic and achievable target and by sticking to the Academy55 rules rigidly you are not putting yourself under unnecessary pressure, and a calm and relaxed trader is always the better trader.

David says, it's entirely possible for you to have achieved your 12% target within the first 2 to 3 weeks of a month with many possible trading days still available to you before the month end. At this point you'll feel as if you are the smartest trader on earth and be tempted to chase more profits because that's human nature, but it's this temptation that wipes out traders accounts and belief in their abilities as they unnecesarily overtrade.

Much better to secure 12% and take the rest of the month off than trade an extra 4 days and suffer at the cruel hands of fate with 4 losses in a row to end your month on 8% having thrown away the already secured 12% for the sake of greed.  

This was a most unusual trade and there are lots of great take aways from this training session. In the video you'll see David analyse the market before starting the session and discuss possible Red flag news in the German market throughout the day, after entering the trade it became evident to David that there was accumulation continuing for longer than he expected and he took the decision to exit the trade and secure a small profit of 0.4% rather than continuing with the trade and risking a 1% loss.

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