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