Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's online collapse. I woke up to Bloomberg discussing the 9 percent fiasco of it carrying over to our markets and the worries of China. 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 thought that 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 I use to take the intra-day emotions from my trading strategy.
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