A Great Tool for Setting Trailing Stops
08/21/2013 6:00 am EST
The Parabolic SAR is a great way to use a trailing stop to lock in your profits. Developed by the famous technician Welles Wilder in 1978, this indicator, which stands for Parabolic Stop-and-Reverse, helps a trader determine a stock’s or market’s direction.
In this short trading video, Hubert Senters will show you how to use Parabolic SAR on both swing and day trades.