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Systematic is repeating exactly the same process each time. Often people think they are not making a random decision but it's more or less what it amounts to (not saying this is you btw).

Is this a systematic approach?

The intention is not to lose, but by cutting winners your overriding driver is to avoid losing money. There is nothing wrong with this view, however cutting winners will greatly reduce the profits of an account. We are talking about two different things then. To me a Profit Stop or 'Take...

I understand what you are saying but if something is going up I don’t want to sell, I want as many as I get :D Personally I think profit target are more of a reflection of the trader/investor in so much that they would rather ‘not lose’ than 'win'.

Why would you get out of a trade that is showing you profit? Why?