Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's online collapse. I woke up to Bloomberg discussing the 9% fiasco of it carrying over to our markets, and the worries of China. Stops could be triggered, in 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 place stops if triggered and close positions at the close out. This is a technique I use to select the emotions that are intra-day out of my trading strategy.
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