Last week, the week of the 400 point DOW meltdown, was the worst week I have had trading since 2000's online collapse. On Tuesday, I woke up to Bloomberg discussing the 9% fiasco of it carrying over to our markets, and the worries of China. Stops would be triggered, at the opening, which would set off a domino effect. Where would the marketplace stop for a breather? It was anyone's guess. Not being a lover of stops that are hard - I thought my mental stop strategy would work in my favor. My preference would be to set mental stops if triggered and close out positions at the close. This is a technique that I use to select the emotions out of my trading strategy.
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