Last week, the week of the 400 point DOW meltdown, was the worst week I have had trading since 2000's Internet collapse. On Tuesday, I woke up discussing China's 9 percent fiasco and the worries of it carrying over to our markets. Certainly 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 mental stops if triggered and close out positions in the close. This is a technique that I use to take the emotions that are intra-day from my trading strategy.
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