Wanted to throw this out before bed and wake up to glean the wisdom of all ye west coasters and beyond . I find giving back open profits to be one of the most mentally destabilizing factors during the trading day, so in effect I'd rather lock in 5pts before I get a good chance of a 3pt drawdown instead sitting in for the entire 10 pt move. However, I know that to capture those moves of 10+ pts drawdowns are probably a necessary evil. Does the manner in which one deals with drawdowns dependant upon one's target and trading style? For example, a reversal trader that attempts repeatedly to catch bottoms or tops with tight stops would seem to need to go for the big move to make up for the multiple small losses in finally picking that reversal, and would trade with a stop GTC until he felt his ultimate target was reached. Momentum traders on the other hand probably must minimize drawdowns at all costs and use trailing stops. Thoughts?