Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's online collapse. I woke up to Bloomberg discussing China's 9 percent 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 anybody'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 mental stops if triggered and close positions in the close out. This is a technique I use to take the emotions that are intra-day .
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LBE: Stocks are down, unemployment is up, confidence is down and generally the outlook is gloomy. What are your ideas, from a business standpoint on fixing it or getting people through the doors/butts in the seats?
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