The week of the 400 point DOW meltdown, last week, was the week I have had trading since 2000's Internet collapse. I woke up discussing the worries of it carrying over to our markets and China's 9% fiasco. Certainly stops could be triggered. Where would the market stop for a breather? It was anyone's guess. Not being a fan of stops - I thought my mental stop strategy would work in my favor. My preference would be to set stops if triggered and close out positions at the close. This is a technique that I use to take the intra-day emotions from my trading strategy.
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