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    CHINESE NUCLEAR SUBMARINE
    August 1, 1974 - China

    The People's Liberation Army Navy put into service ChangZheng 1, their first nuclear-powered submarine, designed and built in China. Russia had refused to share nuclear propulsion technology with China, so Mao Tse-tung resolved to develop their own nuclear submarine building program. Construction had started by 1968 at Huludao Shipyard, in Liaoning Province. The pressurized-water 90 megawatt reactor provided power for turbo-electric propulsion. The type 091 submarine was launched in 1970, its nuclear reactor was activated in Jul 1971 and it began sea trials the next month. NATO codenamed it a Han class submarine. As China's first-generation design, its performance was generally inferior to American or Russian vessels of the time. It was decommissioned in 2000.

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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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