The week of the 400 point DOW meltdown, last week, was the worst week I've had trading since 2000's online collapse. I woke up to Bloomberg discussing the 9% fiasco of it carrying over to our markets, and the concerns of China. Stops could be triggered. Where would the market stop for a breather? It was anyone's guess. Not being a lover 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 I use to take the emotions that are intra-day .
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Apparently, if your business is struggling, then stay put. But, if you're maintaining your revenues, even in these down times, you will hold the stronger position when negotiating with land owners, etc.. Just be sure to keep your lease term to 3 years or less.
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