my SWIR stock precipitously gapped down about 25% the morning after i bought it. its because of a realy bad earnings report that came out. this has happened to me before i think on another stock........AVOID TRADES THAT HAVE EARNINGS REPORTS COMING OUT FROM NOW ON. EARNINGS REPORTS ADD A GAMBLING ELEMENT TO A TRADE AND I DONT WANT THAT. now i know to research potential trades' earnings reports to make sure i dont get caught up again. oh well. good lesson!
now im thinking about using earnings reports as an exit signal. seems like people usually trade the rumor and sell the news....rally up to great earnings report, followed by an immediate sell off. whether people are buying the rumor and selling the news, demand becomes exhausted or they are truly surprised, short term trends usually change or reverse. hmmmmm.....this would be the first fundamental signal for me to ever use.....hmmmmm.... in the end, you just dont know what the earnings will really be either...
no time to look for entries today, probably not much anyways....
thank you for helping me so much Gaby! ur so pretty!
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