The week of the 400 point DOW meltdown, last week, was the week I've had trading since 2000's online collapse. On Tuesday, I woke up to Bloomberg discussing the 9% fiasco of it carrying over to our markets and the concerns of China. Stops would be triggered, at 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 that my mental stop strategy would work in my favor. My preference is to place mental stops if triggered and close positions at the close out. This is a technique that I use to select the emotions that are intra-day .
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