Last week, the week of the 400 point DOW meltdown, was the worst week I have had trading since 2000's online collapse. On Tuesday, I woke up discussing China's 9% fiasco of it carrying over to our markets and the worries. 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 that are hard - I believed that my mental stop strategy would work in my favor. My preference would be to set mental stops if triggered and close positions in the close out. This is a technique that I use to select the emotions from my trading strategy.
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