When you make a trading rule, it's not a suggestion or an option. Mostly, when we want to be flexible with our rules, it's an emotional impulse pulling us to make some unbalanced trading decision. Make sure to keep closing every escape route you have. If you are not ready to commit to rules then don't make them, you will just be setting yourself up. Wait until you...
International Seaways, Inc. engages in the transportation of crude oil and petroleum products. It operates through the following segments: Crude Tankers and Product Carriers. The Crude Tankers segment consists of a fleet of vessels that transport unrefined petroleum. The Product Carriers segment focuses on crude and refined petroleum products. The company was...
Shipping stocks Move. NYSE:INSW NYSE:LPG NYSE:TNK NYSE:DHT NASDAQ:TRMD
Reasoning
Whole Industry is moving!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great earnings
RSI tested bullish range multiple times
Multiple Bullish Days
Always try to use 2 timeframes
My Would Be Trade Plan
- Try to...
Long NYSE:INSW INSW
Actual Projection is 52.6$.
Three projection methods : RSI Reversal, Fibonacci Confluence, Fibonaccci Projection
Stop right below gap for around 1:3R
Let us wait for time and see what happens :). I am just learning and using this to test if these strategies can work.
The issue with this trade is that other shipping stocks are not moving...
Half the battle for me is just getting my butt kicked but still showing up for another wallop the next time and the time after that too and so on . However , I strongly believe that its important to focus on re entry after getting stopped out as long as theme is still valid . Do you know your systems edge/expectancy and how many times it statistically can lose in...
This a weaker name right now compared to some others I took but I have been waiting for an entry and if it works the stop is tight so I can potentially de-risk it quickly . Also could be near am impulse area . Kind of on the fence with this one right now mostly just liked the do or die area that created a tight stop and tighter moves we are seeing last few days ...
Another stock that has performed pretty well against the market over the last 12 months but has had a decent 20% pullback to put it back into a better value area.
Will be keeping an eye on it to look for a recovery.
Strongly recommend to buy after breakout of trend, very strong fundamental. DCF is good. Free Cashflow is good and growing, PEG and PS is less than 1
PE and EPS is good. 500million Market cap with above 0% growth after so much decline. Strong Monthly and weekly support area. I will open leap call option on it.
Debt to equity ratio has always been lower than .8...
