Last week, the week of the 400 point DOW meltdown, was the worst week I've had trading since 2000's online collapse. On Tuesday, I woke up to Bloomberg discussing China's 9% fiasco of it carrying over to our markets and the concerns. Certainly stops could be triggered. Where would the marketplace stop for a breather? It was anybody's guess. Not being a lover of stops that are hard - I thought my mental stop strategy would work in my favor. My preference is to set stops and close positions in the close out if triggered. This is a technique that I use to take the intra-day emotions .
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Alright we have got the backdrop cleared. Let's proceed with the talent that is onscreen. All greens, khaki's and brown are no-no's. They have a tendency to become transparent. Patterns need to be avoided as well.
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