Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since the online collapse of 2000. I woke up to Bloomberg discussing China fiasco of it carrying over to our markets and the worries. Certainly stops could be triggered, at 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 stops - I thought my mental stop strategy would work in my favor. My preference would be to set stops if triggered, and close out positions at the close. This is a technique that I use to select the intra-day emotions out of my trading strategy.
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