I certainly understand scaling out to reduce risk at key levels, however, I question adjusting your stop up from your initial key level unless the market has created a new major lower high (going long) or higher low (going short) depending on your trade which is not very often within the course of any single trade. Certainly just moving it up (or down depending on long or short) just to create a free or reduced risk trade lowers the probability of that trade in any system. Trade setups take enough time to form without reducing the odds and taking tiny profits in lieu of allowing the trade to play out. The market can easily come back and eat your new stop before moving on to complete the trade for full profits. Any good system worth its salt gives enough profits over losses to compensate for the times a trade goes bad so I would think moving your stop up, even after the market has moved in your trades favor enough points, is a lower EV move unless, once again, the market has created a new major high/ low, rather than just moved far enough out from your entry you feel you can move your stop and get a free/ reduced risk trade. Thoughts?