Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since the Internet collapse of 2000. I woke up to Bloomberg discussing the 9% fiasco of it carrying over to our markets and the worries of China. Certainly stops could be triggered. Where would the marketplace stop for a breather? It was anyone's guess. Being a lover of stops that are hard - I thought that my mental stop strategy would work in my favor. My preference would be to set mental stops if triggered and close positions at the close out. This is a technique that I use to select the emotions from my trading strategy.
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