The week of the 400 point DOW meltdown, last week, was the week I have had trading since the Internet collapse of 2000. On Tuesday, I woke up to Bloomberg discussing China fiasco and the worries of it carrying over to our markets. Stops would be triggered. Where would the marketplace stop for a breather? It was anyone's guess. Being a fan of hard stops - I believed that my mental stop strategy would work in my favor. My preference is to place stops if triggered, and close out positions in the close. This is a technique that I use to select the emotions out of my trading strategy.
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Yep.
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