As day traders, that is all we look to do, locate the best, high probability levels to trade for quick and easy gains. Always know your targets (stop loss and profit) prior to entering any trade, and ALWAYS abide by your levels. Never adjust, alter or second guess the levels you determined prior to entering the trade; you located those levels based on technical factors in the chart. Therefore, if your loss level is hit, get out. If your profit target is hit, take it off the table. The reason for this is simple, there is always another trade around the corner and you need to live to trade another day! This way you will not let a losing trade turn into a big loss, and as they say, "you can never go broke taking a profit."
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