Last week, the week of the 400 point DOW meltdown, was the week I have had trading since 2000's Internet collapse. On Tuesday, I woke up to Bloomberg discussing the worries of it carrying over to our markets and China fiasco. Certainly stops would be triggered. Where would the marketplace stop for a breather? It was anybody's guess. Not being a lover of stops - I believed that my mental stop strategy would work in my favor. My preference would be to set stops and close out positions in the close if triggered. This is a technique that I use to take the intra-day emotions from my trading strategy.
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