The week of the 400 point DOW meltdown, last week, was the week I've had trading since 2000's Internet collapse. I woke up discussing the 9% fiasco of it carrying over to our markets, and the worries of China. Certainly stops would be triggered. Where would the marketplace stop for a breather? It was anybody's guess. Not being a lover of stops that are hard - I believed that my mental stop strategy would work in my favor. My preference would be to place stops if triggered, and close out positions in the close. This is a technique that I use to select the emotions that are intra-day from my trading strategy.
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