Talking about goals. Having goals in trading is more than important, because at the end of the day you have to see if you are still on track or if you lost focus. There will be days that bring you closer to the status you want to obtain and there are days which are bringing you nowhere. But how do you know which type of day you have just had? By having goals.
To define goals that motivate you and really guide you, you should use a formula that helps creating the right goals.
It is called SMART, which stands for 
S pecific, 
M easurable, 
A ttainable, 
R ealistic, 
T ime phased.
Your goal needs to be specific; you have to know what you want to reach.
Is your target achievement measurable? To make it measurable, define your goals exactly.
Can you attain the goal; is it in line with your abilities and potentials?
The set goal should be realistic.
If you do not have a clear timeline until when you want to reach your goals, you won’t know which day you have just had – a day with a goal or just a trading day among many others, where you just traded and didn’t get closer to the finish line.
Everyday you must recheck and rethink your set goals if they are SMART, they will help you to create new goals that really bring progress to your trading.