Does anyone (successfully) daytrade without stops? For example, suppose I trade ES and I get long at X. Say I have a profit target of X + 4. Now suppose ES moves 1 point against me. Then I move my profit target to X + 4 - 1 = X + 3. The profit target would always be 4 points above the lowest price on the ES since I entered the trade. I would continue this target adjustment til I was out of the trade. I would never have a stop so I would always be selling on some strength. And there are numerous 4 point moves on ES so I'd probably get out before the end of the day. I realize that this method would occasionally take big hits. However, the number of singles (i.e., 2 and 1 point gains) you would get might make up for this. I'm sure variations of this have been tried before - any comments? Any other stopless methods (besides Mr. Market) that people actually trade?