Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since the Internet collapse of 2000. On Tuesday, I woke up discussing the 9% fiasco of it carrying over to our markets, and the concerns of China. Certainly stops could be triggered. Where would the marketplace stop for a breather? It was anyone's guess. Being a fan of stops - I thought my mental stop strategy would work in my favor. My preference would be to set stops if triggered, and close out positions at the close. This is a technique that I use to select the intra-day emotions from my trading strategy.
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