Profit Taking

["Rich Tuchow" <rtuchow@xxxxxxxxxxxxxxx>]

I am an S&P day trader and keep going back and forth in my mind my exit
strategy.  There are 2 schools of thought 1)let profits run 2)don't try to
be a pig on every trade.  It seems that every time I grab the 3-5 point
profit the trade goes on to 10-15 points and every time I let profits run,
the 3-5 point profit disappears.  I am not particularly found of trailing
stops because you have to be willing to give back a fair amount of profit.
Others use a staggered exit strategy such as take 1 contract off at 3 points
another at 5 another at 8 etc.

I would be interested in hearing only from successful S&P day traders which
school of thought they follow.

Thanks