Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SOHU/SINA intraday chart for our traders, Traders this is not as easy as it looks, you have to really work hard to find entry positions and even when we stalk we are careful that the next overhead resistance isn't the PATTERN FAILURE we've know to love and short, especially the 10:00 high. We did stalk SOHU/SINA today after covering the short yesterdaay we stayed with the options puts today but took more profits (75% into the last 2 reversal periods) Our sells are incremental so we have some leftover for the next bounce or pullback.

(First group sold at the spike high on 1/27) There is no holy grail to trading. It takes hard work, research and plain grit There is no one set of trading rules for this profession. If it works for us, we like to pass it along to others so they might profit from our experience, past mistakes and improved strategies.

We already have experienced extreme gains in SOHU, SINA and NTES on the long and short side (especially NTES!) and we'll take the next cycle but we sure as heck are not going to pronounce that we are holding these through EPS come hell or high water! You have seen us go on the short end of NVLS, AMZN, ELX and a half dozen 'popular' gainers looking for a sell of the report. Even ones like MXIM that started out strong, pulled back eventually to give up gains. We've already closed our long and SHORT POSITION on SINA/SOHU and ready to see what the next 2 sessions bring. We DO NOT LET LOSERS accumulate and lock into winners holding only incremental positions overnight.