The week of the 400 point DOW meltdown, last week, was the worst week I've had trading since the online collapse of 2000. On Tuesday, I woke up discussing the concerns of it carrying over to our markets and China's 9 percent fiasco. Stops could be triggered. Where would the marketplace 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 set mental stops if triggered and close positions at the close out. This is a technique that I use to select the intra-day emotions from my trading strategy.
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