DRYS trading

Discussion in 'Stocks' started by elnico, Nov 12, 2008.

  1. elnico


    Ok so my situation is pretty bad. I have in the past two months burnt around 40% of my portfolio trading on the dry shippers, drys and exm specifically. My main problem I realize is my lack of a real strategy and being very stupid about buying in after hours and keeping it until the next day which sometimes gives profits but can also kill. Does anyone have a sound strategy concerning the shippers, who have such a high volatility, or any advice about a specific strategy for a specific sector. I also have only read one book and some forums on day trading, so some general day trading advice would also help.I am all ears
  2. short dry shits to $5
  3. Don't trade dry shippers?
  4. nkhoi

    nkhoi Moderator

  5. Trade stocks with low beta until you get the direction right.
  6. Normally l would answer such a question with sarcasm, but will be helpful for once, but need bit more info on your technique ?

    -Which exchange/s are your target firms ?

    -Which route do they do ? (even if its intraday trading it matters a lot !!!) e.g. if its say iron ore from Australia(Newcastle) to China, then you do not trade them when there is major steelmakers price negotiation meetings.

    -Whats the size and type of fleet they have (Panamxes,Capesize,Handymax e.t.c) ?

    -How many charters as a % a exposed to spot prices ?

    -If its say a NYSE listed stock, what happened over night to similar if not identical firms in Oslo (Norway), Hong Kong(in particular) and South Korea ?

    -Do they hedge with 3 month or 6 month bespoke FFA's ?

    -Whats the historic beta/alpha/volatility against corresponding indices (BCI,BPI,BHI/BSI).

    Touch DRY BULK SHIPPING sector without any of this and you will be T O A S T :cool:
  7. elnico


    thank you all for the support i really think I will move out of the dry shipping sector to something with less beta for now and look up all the info provided in the last post thanks again
  8. Nice... and even with that info, your edge is about equal to a cointoss, as the sector is entirely decided by macroeconomic forces. (ie when will the aggregrate demand pick up for goods shipped between china and brazil)
  9. kxvid


    DRYS is oversold Ive never seen a stock punished so bad.
  10. drys has had some great daytrading action lately.

    been playing s/r in it making money.
    #10     Nov 12, 2008