I didnt trade today just watched Tim's webinar. According to Tim, this is the season of earnings winners.

What I learned in the webinar today was that many earnings winners are one and done. In order to verify, look at the stock's past behavior. I saw one green streak but the next day is red. Much like SINO. In particular I watched Tim trade GRPN and CIDM.

The announcement for quarter report for GRPN was made pre market. That caused an immediate spike with a small dip at 4.20. Tim bought the dip and the stock continued to rise. He sold at 4.35. GRPN went as high as 4.48 pre market. After market opened GRPN dropped to 4.30 before it gradually rose to 4.65. Needless to say Tim took his pre market 15 cent profits.

Tim's second trade was CIDM which he found from searching big percent gainers of the morning. He saw CIDM in the process of spiking and bought a small position in a dip and sold it a few seconds after when it made 1.75 to 1.90. This was also a same day quarterly report earnings winner which was announced aftermarket yesterday and very little pre market action today.

Lesson learned was capitalize on the earnings catalyst after the reaction to the market is good but then enter the trade in a dip. The reasoning is that the volume has already proved itself and as long as the action is happening in the morning, then you might be able to get a quick 25 cents or 30 cents per share.

Tim had a plan for his exit before he entered the trade. I am going to start doing that.