Goal-setting in trading backfires when the goal is a dollar number. A profit target you don't control quietly pressures you into the exact behaviors that lose money. The fix is to set process goals — targets on what you actually control (process over outcome).

Why P&L goals hurt

"Make $500 today" has no off-switch tied to reality. Down on the day? You'll force marginal trades and oversize to hit the number (going on tilt). Up early? You'll either overtrade to make "even more" or freeze to protect the number (hesitation). Either way, an outcome you can't control is steering decisions you can — badly.

What a process goal looks like

Process goals are things you can hit regardless of the market: "follow my plan on every trade," "size every position correctly," "take every valid setup and skip every invalid one," "keep a clean journal" (a trading plan, position sizing). Hit those consistently and the P&L takes care of itself over a large sample — miss them and no dollar target will save you (consistency over being right).

Aim at the process and the profit follows. Aim at the profit and you'll sabotage the process — the only thing that produces it.

Measure what you control

Track adherence, not just returns: what fraction of trades followed your rules, whether you sized right, whether you honored stops (your equity curve). This is also why automation appeals — a mechanical system hits its process goals by definition, executing the plan identically every time, with no dollar-target pressure to break it (mechanical vs discretionary).