Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's Internet collapse. On Tuesday, I woke up to Bloomberg discussing China fiasco and the concerns of it carrying over to our markets. Certainly stops would be triggered. Where would the market 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 stops if triggered and close positions in the close out. This is a technique that I use to select the intra-day emotions from my trading strategy.
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