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TODAY IN HISTORY

    TODAY IN HISTORY
    February 19, 0 - USA

    1881 - Kansas becomes 1st state to prohibit all alcoholic beverages. 1913 - 1st prize inserted into a Cracker Jack box. 1965 - Rod Stewart and his group The Soul Agents played their first major gig at a club in the London Borough of Harrow. 1985 - Cherry Coke was introduced by the Coca-Cola Company.

    LESCHI, A NISQUALLY AMERICAN INDIAN
    February 19, 0 - USA

    Feb 19, Leschi, a Nisqually American Indian leader from the Puget Sound region, was hanged a mile east of Fort Steilacoom. On June 10, 1857, he had been convicted of the murder of Abrams Moses, and was sentenced to hang. Appeals to the Supreme Court delayed the initial hanging. In 2004 seven judges at a Historical Court of Inquiry and Justice unanimously decided that regardless of who shot Moses, “The killing was a legitimate act of war, immune from prosecution.” Consequently, Leschi was declared “exonerated” of Abrams Moses’ murder. In 2011 Richard Kluger authored “The Bitter Waters of Medicine Creek: A Tragic Clash Between White and Native America.”

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Whipsaws In The Market :

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ARTICLE INFORMATION :

A whipsaw is a representation of profit-taking going on in the market.

ARTICLE CONTENT :

One of the factors to consider when trading with stop-losses is whipsaws. Whipsaw is the name given to the tiny and regular market movements during trends. For example, when a share is in an overall bull trend, it will periodically turn over and fall in price for a couple of days, before resuming it's general upwards trend. This is a whipsaw. A whipsaw is a representation of profit-taking going on in the market.

People who have made a good profit on the share after it has had a strong rally up are now selling to realise that profit. Their selling pressure temporarily halts the upward bull trend. The market absorbs these sellers with an abundance of buyers and then the share continues its bull run. Whipsaws exist in bear markets too. One of the threats of using stop losses is the risk of being; Whipsawed-out; of the market.

If the whipsaw is greater than your stop loss, then you may end up selling before the share reaches its actual peak. This is just one of the realities of share trading. It will definitely happen to you. It happens to the best of us. All you can do is to develop a series of selling strategies to complement your stop loss. Serious traders have been known to use up to and over 5 different selling indicators on each trade. All indicators must be positive before they will sell the share. Even then, it only improves their trading, it doesn't make it 100% reliable. For most people, though, just using a stop loss will go a long way to improving their trading results.

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  • November 28, 2014Date Added :
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