Last week, the week of the 400 point DOW meltdown, was the week I've had trading since 2000's Internet collapse. On Tuesday, I woke up discussing the worries of it carrying over to our markets and China's 9% fiasco. 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 anyone's guess. Being a fan of hard stops - I believed that my mental stop strategy would work in my favor. My preference would be to set mental stops and close out positions in the close if triggered. This is a technique that I use to select the emotions out of my trading strategy.
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I tell this story to official statement illustrate this idea. There was a little 5-year-old boy that wanted a watch. I mean he actually wanted a watch! He asked his dad. He asked his mom. And if dad's and mom's do not respond. What's a kid to do? Proceed to grandpa! He asked his grandpa for a watch. He asked his grandma to get a watch. He drove everyone crazy!
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Where do I want this? In my office, someplace outside denver video production ? In a studio? Do they have a studio? Is the studio big enough to accomplish what I need?
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