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