The week of the 400 point DOW meltdown, last week, was the week I have had trading since the online collapse of 2000. I woke up discussing the 9% fiasco of it carrying over to our markets and the worries of China. Certainly stops could be triggered, in the opening, which would set off a domino effect. Where would the market stop for a breather? It was anybody's guess. Not being a fan of stops that are hard - I believed my mental stop strategy would work in my favor. My preference would be to set stops and close out positions at the close if triggered. This is a technique that I use to take the intra-day emotions .
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LBE: Stocks are down, unemployment is up, confidence is down and in general the outlook is gloomy. What are your thoughts, from a company perspective on fixing it or getting people?
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