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    FINAL CONCORDE PASSENGER FLIGHT
    October 24, 2003 - British Airways, UK

    The final scheduled flights of the British Airways Concorde brought an end to the era of supersonic passenger service that began on 21 Jan 1976. The Air France Concorde service had ended on 31 May 1976. The two airlines had previously made simultaneous announcements on 10 Apr 2003 that the SSTs were to be retired. Rising fuel and maintenance costs (in the shadow of a fatal crash of a French Concorde in 2000) at a time of declining passenger traffic and revenue had made the decision unavoidable.

    MACROBERTSON TROPHY AIR RACE
    October 24, 1934 - UK

    The MacRobertson Trophy Air Race with a prize of over $75,000 starts from RAF Mildenhall in East Anglia to Flemington Racecourse, Melbourne, aircraft entered from all over the world including America, Holland, Argentina. New Zealand, Australia and more. The race was over 11,000 miles with stops at at Baghdad, Allahabad, Singapore, Darwin and Charleville, Queensland. A British built de Havilland DH.88 Comet piloted by C.W.A. Scott, T. Campbell Black won the race with an elapsed time of 71hr 0 .

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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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  • Dugald McCullochOwner :
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  • November 28, 2014Date Added :
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