This video covers the charts of some of my favorite trade ideas in the shipping sector. As these trades are extremely aggressive coupled with the fact that I like to take a “shotgun” approach by taking small lots scattered among different shipping stocks within the sector in order to diversify, these are only unofficial trade ideas. Although the key support & resistance levels, as well as entry & exit (target) criteria are discussed for most of these stocks, unofficial trade ideas different from the official trade ideas on the site in several aspects including the fact that these trades may or may not be followed up on, exactly price targets & suggested stops may or may not be listed and these trades will not be archived in the Completed Trades category if or when any profit targets or suggested stops are hit. On a final note, I wouldn’t share these trade ideas if I didn’t believe that they look compelling at this time.
Shipping Sector Overview & Trade Setups