The week of the 400 point DOW meltdown, last week, was the week I have had trading since the Internet collapse of 2000. On Tuesday, I woke up discussing the 9% fiasco of it carrying over to our markets, and the worries of China. Certainly stops would be triggered, at the opening, which would set off a domino effect. Where would the market stop for a breather? It was anyone's guess. Being a fan of stops that are hard - I thought my mental stop strategy would work in my favor. My preference is to place stops if triggered and close positions in the close out. This is a technique that I use to take the emotions that are intra-day from my trading strategy.
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Yep.
Everywhere. Take a look at the paragraph that started with"A quick note here:" That describes an awful lot of types of opportunities does not it? So doesn't it follow they're everywhere?