Ahhhhhh earnings season is almost upon us. All the stupid traders out there are preparing whatever money they have left to recover the losses on their BTFD trades over the last 4 weeks. Will these traders do anything different? Of course not. Their tweets will go as follows:
#1: AAPL stores look full. I think it'll look good. Buying OTM Calls into earnings. Lotto #2: AMZN will be awesome. Buying OTM Calls now. #3: NFLX is awesome. Peeps binge watching everything. $200 stock. Buying DOOM calls. #4: TWTR has bottomed, definitely can't go wrong here. #5: GOOGL I like it. Buying Calls here It's stupid reasoning like so that'll get people in trouble. I don't even know if reality will ever be accepted by the markets at all. How many times have we seen good earnings only to be sold off by the markets because it was 'priced in'? I am just warning those of you new traders on the dangers of ignoring earnings volatility. You have to smarten up and get better training. IF you're sick and tired of losing money, then click here. Otherwise, good luck next month! -G
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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