Mark Douglas in the Trading in the Zone recommends trading a 3 lot and having profit targets as the price moves in favor. For a long time now this has been a strategy I've been applying to my trading and since he is a very respected guy in the business its hard to argue against this strategy. But just yesterday I had a chance to read a book by another very respected individual Van Tharp and in his book Trade your way to Financial Freedom he specifically point that this is the strategy to avoid, exactly opposite of what Mark Douglas recommends. Van Tharp points that this kind of trading is totally against the golden rule of trading "cut your losses short and let your profits run". After reading his suggestions it makes me wanna to review my whole strategy. In general I feel that one of the guy is right and one of them is wrong, there could be all kind of debatable issues for and against both strategies maybe some long term profitable trades could make some comments here and give your perspective. I'm a intraday futures day trader, trend follower and Mark's strategy certainly makes more sense, but I could be wrong.