I've cashed out but this is not the end.
If one examines the one day chart of btc at
http://bitcoinwisdom.com/markets/btce/btcusd one can clearly see that we are in the midst of a steep multi-day down-trend. There are still opportunities for profit for day traders but I will be having a break from that for a while.
Cashing out makes a lot of sense right now.