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International Seaways, Inc.
Long

LONG Shipping Stocks

By vssebuyungo
Shipping stocks Move. INSW LPG TNK DHT 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 get into 3 stocks in the sector that are moving. You MUST enter the leading stock INSW because the leading stock always moves 50% more than the second stock in sector
  • - Initially risk 0.5% of account.
  • Double original position once stock moves 3% in your favor.
  • Add to position when stock moves moves 3% in your favor. (6% from buy point)
  • - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
  • - Raise stop to entry when stock is 10% in your favour


Main Sources of My Knowledge
  • Mark Minervini
  • Constance Brown
  • William O'neil
  • Speakers on Trader Lion Youtube
  • Adam Khoo


My Indicators

14 Period RSI.
  • 9SMA and 45EMA Moving Averages added


Composite by Constance Brown
  • This is for catching failures in the RSI.
  • The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
  • Composite Settings
  • Author : Constance Brown (Connie Brown)
  • RSI Length : 14
  • RSI Momentum Length : 9
  • SMA Length : 3
  • Fast Simple Moving Average : 13
  • Slow Exponential Moving Average : 33



14 Period MFI.
  • 9SMA and 45EMA Moving Averages added
Trend Analysis
vssebuyungo
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