Last week, the week of the 400 point DOW meltdown, was the week I have had trading since 2000's Internet collapse. On Tuesday, I woke up discussing the concerns of it carrying over to our markets and China fiasco. Certainly stops would be triggered, in the opening, which would set off a domino effect. Where would the marketplace stop for a breather? It was anybody's guess. Not being a fan of hard stops - I believed my mental stop strategy would work in my favor. My preference is to set stops and close out positions at the close if triggered. This is a technique I use to select the intra-day emotions .
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