The week of the 400 point DOW meltdown, last week, was the worst week I've had trading since 2000's Internet collapse. I woke up discussing the concerns of it carrying over to our markets and China's 9% fiasco. Stops could be triggered, at the opening, which would set off a domino effect. Where would the market stop for a breather? It was anybody's guess. Being a fan of hard stops - I thought my mental stop strategy would work in my favor. My preference is to place mental stops if triggered, and close out positions in the close. This is a technique that I use to select the emotions that are intra-day from my trading strategy.
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