how are you expecting dividends to be paid if the company is -40MM.
TMST usually trade 400k a day, but traded almost 3MM yesterday. It wasn't retail accounts dumping the stock, but Fund Managers who had priced in a dividend payment to support returns they quote to clients.
but it's not; further proof Bill is just another nobody amateur.
scientists just discovered that there's oil in olives, avocados, and coconuts. Oil to crash...
dishonestly is never something to be jealous of.
kingly's puppet show continues.
kingly's been calling the bottom at every level since 60.
being right once out of a hundred doesn't suddenly make him knowledgeable.
last 2 days setting up an entry on the short side, but being within the lower 30% of the range, the risk/reward scenario is less desirable.
Because of how price action has played out, a long position could be justified as well if an actual 1 day pause forms at WTI's 44.00 and then continues to the upside.
waiting for clarity from the market before initiating a new position isn't a terrible option.
you should reference the post I replied with to hapichai a few days ago, it referenced why you should be utilizing pull backs and pauses.
also, you didn't play the break out if you truly initiated a long position yesterday. The break-out was at 40.00 last Friday. You are simply entering late and in the middle of the range, then refer to it as 'playing a break out'.
with an overall downtrend, a smart approach when range trading is to go light with the leverage when the current cycle within the range is against the overall trend. All of my long positions have been 50% of the leverage that I have used when going short within the range. Price is also key, if you missed the long entry at 43.50, now just jumping in at any price is not prudent, so it's better to wait for a pause to enter on. and the higher you are to the top of the range when you enter, even more of a reduction in leverage is necessary. It's better to wait for a pull back to 43.50, because if you enter here at 45.50 and WTI retraces back to 43.50 where you should have been entering in the first place, one may not want to take the pain, which is why in this scenario, if you missed the entry, you need to use less leverage, so that when/if the proper entry presents itself, you can add-on to your base position. Additionally, if 43.50 does not hold, you would simply be able to take a small loss on the second piece from 43.50, and the loss on the first piece at 45.50 would be small as well, as you used less leverage with that piece. It's also worth noting that if the price retraces back to 43.50, you enter on a pause at 43.50, not simply the first moment it appears as the downward movement could continue throughout the entire day and actually be another sell off.