Can never agrue with taking profits of any sort. No such thing as a trader going broke by taking profits. Greatest "flaw" that you can wish for in a trading system.
I beg to differ on take early profits experience taught me that early profits are a good way to earn a salary but real money is having balls to wait for big moves. instead of asking myself did I make enough money today I ask myself what does situation look like. Will there be likely further move or is that it. for example I got out of Nas Fut at 84 and shorted at 91, just didn't like the chart however if charts looked good, I wouldn't touch it even if it were 30 points down
I am an intraday trader. I only get out of a position for profit if 1. Its near the end of Trading Session or 2. I stop and reverse. This has help me tremendously with my previous problem of taking early profits.