I would like to start a discussion about having an exit target vs. a trailing stop. The trailing stop, trailing by a fixed amount doesn't work well due to the fact that the volatility of the mkt is different each day. The moving average has the same problem some days a 10 period works other days a 20 period works ,ect. So what I am thinking is, go with a price target and if after a minimum gain you specify, trail by the fact that all profit above this gain you only will allow x % of this gain to be taken back by the market before closing the trade. Or just have an exit target and when the market hits that ,then you trail or if it doesn't hit that, it hits your stop. Psychologically this last method would be tough for me having a big profit but not reaching the target and giving all the profit back.Even though psychologically this last method is the toughest, my gains overall would have been greater using it. This is all concerning intraday trading. Well this is only my opinion, what are everyone elses thoughts?