Received 2 Karmas
BowlesTrader5
BowlesTrader5 Nov 21, 15 11:37 PM

@TheStig I would recommend waiting to either buy or short until the first mint move has happened, for example an earning loser might dip a little bit and come back quickly, then start to go down, so I would only short on that side of the move. Make sure no matter if your going short or long just catch the meat of the move, nothing more nothing less

TheStig
TheStig Nov 22, 15 12:24 AM

Of course I still wait to see where it goes and trade cautiously just like any other trade. Luckily I've already been burned a couple times and have learned my lesson.

Nathan_casey
Nathan_casey Nov 22, 15 12:57 AM

The thing about that is an earnings loser could still be am earnings winner if they beat but still lose revenue. All about the reaction.

rudtuc
rudtuc Nov 22, 15 5:26 PM

Shorting earnings losers is a good strategy and it works for me - I just need to fix my overtrading. How it works for me would make up for an article than a quick response but as mentioned above wait for confirmation, eliminate pre-market low floaters and go for biggest pre-market losers at market open (5% or more gap down works best).

Join now or log in to leave a comment
rudtuc

[TimAlerts] ICLD bought 1000 @ 4.23 and sold @ 4.40 - two trades in 15 minutes and I already got back what I paid for Tim's DVD on sale. Thanks!

rudtuc

[TimAlerts] NES bought 1000 @ $5 and sold @ 5.17 - my first trade based on the Tim's DVD How to Make Millions and his watch list

Page
of 1