Last week, the week of the 400 point DOW meltdown, was the worst week I have had trading since 2000's Internet collapse. I woke up discussing China's 9% fiasco and the concerns of it carrying over to our markets. Certainly stops could be triggered. Where would the market stop for a breather? It was anyone's guess. Not being a lover of stops that are hard - 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 at the close. This is a technique that I use to take the emotions that are intra-day .
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