Last week, the week of the 400 point DOW meltdown, was the week I have had trading since 2000's online collapse. I woke up to Bloomberg discussing China fiasco and the concerns of it carrying over to our markets. Stops would 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 hard stops - I thought that my mental stop strategy would work in my favor. My preference is to place stops if triggered and close positions at the close out. This is a technique I use to take the intra-day emotions out of my trading strategy.
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LBE: Stocks are down, unemployment is up, confidence is down and generally the outlook is bleak. What are your thoughts on fixing it or at least getting people?
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