Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since the online collapse of 2000. On Tuesday, I woke up to Bloomberg discussing the worries of it carrying over to our markets and China fiasco. Certainly stops could be triggered, at the opening, which would set off a domino effect. Where would the market stop for a breather? It was anybody's guess. Being a lover of stops that are hard - I believed that my mental stop strategy would work in my favor. My preference is to set stops if triggered and close positions at the close out. This is a technique that I use to take the emotions from my trading strategy.
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