Celebrating my day, but here are my quick thoughts. I also expect a potential surprise that many may be overlooking, of which, could come from one of the many investments and acquisitions - which are my main focus. Of course financial statements are important; however, as a trader, I don’t put too much emphasis on them as their past tense looking (snapshot in time). Nevertheless, emotions, algorithms, short sellers, institutional money will be reacting to the results.
I expect sharp movements up and down - just like most of the stocks that report results. THE BIG thing to look for with new companies reporting is their conference call. The 2019 guidance will be significant, as well as understanding the people in leadership.
I don’t intend to look away from the price action; however, many should not react right away. The first 15 minutes of the bell will be very telling. Allow the news to be digested. If one decides to sell. Keep an eye and ear open for the conference call results, as they could either change the course of direction for the recent price movement, or turn into a continuation.
I’ll be looking at this again more closely tonight and may divide additional thoughts more around price and time. Most important thing is to not allow personal biased and beliefs to influence too greatly - it can cause you to become frozen (not selling when you should and not re-entering when you should). No-one needs to be a hero calling a bottom. Admit when you’re wrong and cut loses short. Trying to get the lowest price often leads to dumping too much money into one position, but does help to average down - problem is your position could potentially be most of your portfolio. That increases risks and emotions.
Sorry for the long venting :-) just trying to help people without imposing my beliefs and opinions that could ultimately cause someone to change their trading / investment strategy. Speaking of trading plan. ALWAYS have a written trading plan that contains criteria and scenarios. Read the plan daily (30 minutes before market opens), don’t constantly change your plan or you’ll lose consistency. Consistently is how you become more efficient in decision making and build a natural cadence. Money management is another. ALWAYS scale out of positions taking profits and moving into positions. No-one ever went broke taking profits. And there will always be time to get into any stock, so never feel like your stuck (don’t marry a stock).
Have a safe and wonderful weekend.
~ sent from phone
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