The week of the 400 point DOW meltdown, last week, was the worst week I have had trading since the online collapse of 2000. I woke up to Bloomberg discussing the 9 percent fiasco of it carrying over to our markets, and the concerns of China. Certainly stops could be triggered. Where would the marketplace stop for a breather? It was anyone's guess. Being a fan of stops that are hard - I thought that my mental stop strategy would work in my favor. My preference would be to set stops and close out positions in the close if triggered. This is a technique I use to select the emotions that are intra-day out of my trading strategy.
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Apparently, if your business is struggling, then stay put. But, if you're maintaining your earnings, even in these down times, you'll hold the stronger position when negotiating with land owners, etc.. Just make certain to keep your lease term to 3 years or less.
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I had a "friend" review this article before it was published. Notice the quotes around buddy. I wanted to be sure that article did not come across as boastful. He said although it didn't appear to be, but pointed out a couple of trading mistakes that important source I made early in the week. After I calmed down, I confessed that he"may have" some legitimate points. Considering the DOW was down 500 points cratered 200 points and intra-day. Gold denver video production dropped like a brick - with two days of $20 declines. Silver completely buckled. It is surprising that I didn't make mistakes.
In the current article, I'm going to be talking. If you are already making a profit each month, this technique will help that number grow considerably. If you haven't been able to make any money on the web yet, this technique might be the secret to online marketing success.
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