The week of the 400 point DOW meltdown, last week, was the week I've had trading since the Internet collapse of 2000. I woke up discussing China's 9 percent fiasco and the concerns of it carrying over to our markets. 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 believed my mental stop strategy would work in my favor. My preference would be to set stops and close out positions in the close if triggered. This is a technique I use to take the intra-day emotions from my trading strategy.
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