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jenna

03/30/04 4:50 PM

#22075 RE: jenna #22074

Archives updated through 29th March. We suggest scrolling through the plays for last quarters results from earnings to get an idea what interesting developments are coming up. However its important to understand we don't blindly GO LONG or GO SHORT into a report but carefully get the first "anticipation" stage taken care of. Our education center is also free for the next week or so. Many original articles are written there as well as a manual for further study, video shorts, and a 'quickie' look at our favorite chart patterns as well as a reprinted chapter in "The Guts and Glory of Daytrading" on The Earnings Trader Strategies and rationale.

http://www.marketgems.com/Secrets_of_a_Techno_Fundamentalist.pdf

http://www.marketgems.com/TradingRoomStrategies1.html


a) First stage the "anticipatory" stage requires thorough knowledge of prior historical results after earnings, pivot points and support/resistance areas, etc.

b) The actual straddle/strangle (if the stock is expensive we can begin this phase earlier i.e. GS, RIMM, TASR, DNA)


c) The final phase is the GAP PLAY. Traders that are just "long for earnings" are not really playing the strategy correctly and are heading for a major fall. It takes hours of work in preparation but the actual daytime trading is easier. That is why we don't need to scalp!