Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's Internet collapse. On Tuesday, I woke up discussing China's 9 percent fiasco and the concerns of it carrying over to our markets. Stops would be triggered, in the opening, which would set off a domino effect. Where would the market stop for a breather? It was anyone's guess. Not being a fan of stops - I believed 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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