Last week, the week of the 400 point DOW meltdown, was the week I've had trading since 2000's Internet collapse. On Tuesday, I woke up to Bloomberg discussing the 9 percent fiasco of it carrying over to our markets, and the worries of China. Certainly stops could be triggered. Where would the market stop for a breather? It was anyone's guess. Not being a fan of stops - I thought 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 that I use to select the intra-day emotions out of my trading strategy.
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