Replies to post #21501 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

CHINA we grabbed 2 days of "anticipatory upswing" there as well, but locking in with a profit instead of averaging down. a medium straddle will be held through earnings instead of the the "crossing the fingers" strategy. Some March 10 puts picked up as a hedge. CHINA picked up yesterday off the 20 ma bounce. The way to play this is not averaging down and not scalping, if you play in the direction of the trend, there will be no need to scalp because you won't be playing against the prevailing trend. Playing the countertrend is COUNTERPRODUCTIVE to profitability. Individuality, irascibility, nonconformism might be okay in the social arena for some, but for stock trading its a formula for disaster