Well FTT I may be wrong but I think that is why it makes great sense to go for the "meat in the middle" rather than trying to jump in at bottoms and hope to hold on until tops. Yes, you have to be quick and nimble with your exits, but it is perhaps best not to be too greedy and try to wring every last drop out of each trade.
Some even go so far as to play the game in a different manner and scale out of their trades thinking that logically it is a smart way to reduce stress and capture greater profits by leaving the least amount of their position open as a runner. Frankly, unless you are constantly getting stopped out by deep and rapid reversals or you hate having to manually adjust your stops (as opposed to using an automated trailing stop which often gets hit too early in my experience) then scaling out almost assuredly guarantees you a lesser profit than you might otherwise attain. Many traders employ that method anyway, as it lets them feel reduced risk early in the trade. There are numerous ways to slice and dice the action whether you are a momentum trader or not. The key is perhaps to just make sure it fits your personality and keeps you in the game.
Happy Trading
