The week of the 400 point DOW meltdown, last week, was the week I've had trading since the online collapse of 2000. I woke up to Bloomberg discussing China's 9% fiasco and the concerns of it carrying over to our markets. Stops would be triggered. 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 place mental stops if triggered and close positions in the close out. This is a technique that I use to select the emotions out of my trading strategy.
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