As traders, we need to be aware of the big picture, ie which stage of the trend we are in. With trend being defined as on higher timeframes, setups on shorter term intraday timeframe can be triggered, giving the 'with the trend' trades, reducing the risks of the trade. This description by Mark McRae on the 4 stages of a trend can be helpful for aspiring day traders to know. I have also seen other people such as Don Shellenberg expousing a similar staging of trend. (he is always being touted by thenextview.com as one of their experts to give seminars)