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    WOOLWORTH
    April 26, 1997 - USA

    Woolworths announces losses for the first quarter of the new fiscal year of $24 million, this followed $37 million in losses during the previous fiscal year. These losses forced the Woolworths chain to close its remaining discount stores before the end of the year ending over 130 years of history.

    UNEMPLOYMENT
    April 26, 1936 - USA

    5000 to 7000 unemployed joined in a mass demonstration to pressure legislators to provide a relief program for the many jobless around the country, meanwhile states around the country are blocking entry from those looking for work by placing police patrols on main roads , states including Colorado and California are just two of those pursuing this policy.

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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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  • Spectrum Live
    Forex, forex options, fx options trading platform. Online Trading platform, online trading software.

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  • November 28, 2014Date Added :
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