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    CULT LEADER JIM JONES
    November 18, 1978 - Guyana

    The Cult leader Jim Jones instructed over 900 members of his church, "People's Temple", to drink a soft drink brewed in a tub with cyanide and sedatives at a mass meeting at the Jonestown camp, the bodies were later discovered at a camp in the Jungle. The cult leader was being investigated by American Authorities for conditions at the camp and Jones was also being investigated for tax fraud. Prior to the mass suicide Jones had a number of his followers shoot reporters and the head of the investigation team Congressman Ryan.

    STANDARD TIME
    November 18, 1883 - U.S.A.

    Standard time in the U.S. went into effect at noon for the first time due a decision of the American Railway Association. The actual local time, or "sun time" constantly changes as one moves either east or west. With the arrival of railroad travel, the situation raised problems for railway lines and passengers trying to synchronize schedules in different cities. The need for a system of standardized time was evident. The system adopted was first proposed by Charles F. Dowd (1825-1904), a school principal in New York state. North America was divided into four time zones, fifteen degrees of longitude, and one hour of "standard time" apart. Sir Stanford Fleming proposed the extension of the Dowd system to the whole world with 24 time zones.

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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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