Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since the online collapse of 2000. I woke up discussing China fiasco of it carrying over to our markets and the concerns. Stops could be triggered. Where would the marketplace stop for a breather? It was anyone's guess. Not being a fan of stops - I thought that my mental stop strategy would work in my favor. My preference would be to place stops if triggered and close positions in the close out. This is a technique that I use to take the emotions out of my trading strategy.
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