Tanker prices have gone up recently due to the need for oil
storage (oil) to be sold at a higher cost in the future. Oil prices
are negative at the close, does negative value diminish the value
of the oil being stored in tanker. Will tanker stock values
reverse?
Looking at today's buying action in oil tankers, I would say not
today. Always use stops, trailing stops and you do not have
to worry about that aspect. The market doesnt care what we
think. IF you have a profitable position you protect it with
using stops. You can do 3 stops. One at each crucial
support. So you get stopped out and take a profit on one,
then if the stock goes back up you still have some shares to ride
out the next leg. Money management is the key to successful
trading, buying is the easy part.
Answer NO - They are going up due to the Contango that's
currently in place along with the need for storage - this is to be
viewed as a positive for now but can change. Trim and
trail
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Tanker prices have gone up
2020 in one sentence: A roll of toilet paper is ...
Posted by mmellow on 20th of Apr 2020 at 04:35 pm
Tanker prices have gone up recently due to the need for oil storage (oil) to be sold at a higher cost in the future. Oil prices are negative at the close, does negative value diminish the value of the oil being stored in tanker. Will tanker stock values reverse?
Looking at today's buying action
Posted by ssaffer on 20th of Apr 2020 at 04:43 pm
Looking at today's buying action in oil tankers, I would say not today. Always use stops, trailing stops and you do not have to worry about that aspect. The market doesnt care what we think. IF you have a profitable position you protect it with using stops. You can do 3 stops. One at each crucial support. So you get stopped out and take a profit on one, then if the stock goes back up you still have some shares to ride out the next leg. Money management is the key to successful trading, buying is the easy part.
Answer NO - They are
Posted by steve on 20th of Apr 2020 at 04:42 pm
Answer NO - They are going up due to the Contango that's currently in place along with the need for storage - this is to be viewed as a positive for now but can change. Trim and trail