[Soultrader]

GREAT post ezduzzit. You are absolutely true about going for the "meat in the middle". We are traders in the business of risk. Trying to catch the dead lows and highs is gambling.

I do scale out of my trades with strict rules. I understand your point by not letting winners run, but is this even possible in day trading? Yes, we do see the markets trend for 100-150 Dow points but this is not the norm. Most of the time, the markets will move 20-50 points and reverse. What kind of exit rules do you apply in intraday trading? Thank you.