Last week, the week of the 400 point DOW meltdown, was the week I have had trading since 2000's Internet collapse. I woke up discussing the 9% fiasco of it carrying over to our markets, and the worries of China. Certainly stops could be triggered. Where would the market stop for a breather? It was anybody's guess. Not being a fan of stops - 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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