The week of the 400 point DOW meltdown, last week, was the worst week I've 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. Certainly stops would be triggered, in the opening, which would set off a domino effect. Where would the marketplace stop for a breather? It was anybody's guess. Being a fan of stops - I believed my mental stop strategy would work in my favor. My preference is to set mental stops and close positions in the close out if triggered. This is a technique I use to take the emotions that are intra-day .
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