The week of the 400 point DOW meltdown, last week, was the worst week I have had trading since the online collapse of 2000. On Tuesday, I woke up to Bloomberg discussing the 9 percent fiasco of it carrying over to our markets and the concerns of China. Certainly stops could be triggered, in the opening, which would set off a domino effect. Where would the market stop for a breather? It was anybody's guess. Being a lover of stops - I thought that 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 I use to select the emotions that are intra-day from my trading strategy.
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