The week of the 400 point DOW meltdown, last week, was the week I have had trading since the online collapse of 2000. I woke up to Bloomberg discussing the 9 percent fiasco of it carrying over to our markets, and the concerns of China. 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. Being a fan of stops - I believed that 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 that I use to select the emotions that are intra-day from my trading strategy.
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