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TODAY IN HISTORY

    ABRAHAM LINCOLN
    February 12, 1809 - Born This Day In History

    Abraham Lincoln: Born: Abraham Lincoln 12th February 1809 Hardin County, Kentucky Died: 15th April 1865 Washington, D.C. Known For: For those sharing a birthday with a well known person from modern or older history, I can think of few better than sharing your Birthday with Abraham Lincoln the 16th President of the United States. He led America through its greatest internal crisis, the American Civil War, preserving the Union and ending slavery and promoting the passage of the Thirteenth Amendment to the Constitution ( Amendments To The Constitution ) prior to his assassination by John Wilkes Booth.

    BILL CLINTON
    February 12, 1999 - U.S.A.

    The five-week period during which Bill Clinton was being tried had ended on this day. The Senate voted to acquit Clinton on charges of perjury and obstruction of justice. The trial was set in order to determine whether or not President Clinton would be impeached. Before the beginning of the trial, a lawsuit was filed by Paula Jones against the president on the account of sexual harassment charges. During this process, she had subpoenaed Monica Lewinsky, who had an affair with Bill Clinton over the period of a year and a half. Later Clinton had denied having sexual relations with Monica Lewinsky, but had admitted that the relationship was "inappropriate." Over time, it was clear that the affair had taken place, and the president had approved up to three articles of impeachment. However, he was determined to be "not guilty" on other charges, such as lying under oath and obstruction of justice.

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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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