I wish I had a best friend named Billy that worked at Apple.
I'd call him up and discreetly ask him in hushed tones:
"Yo Billy, what's going on with Apple's earnings?"
He'd hang up on me because everybody knows Apple taps employee phones. So I drive over to his house, we turn the speakers on full blast just like in any good conspiracy movie and he says:
"It's going to be big. I'm talking blow out earnings, huge iPhone 7 sales and increased guidance."
Holy smokes!
The stock is going to skyrocket, and I'm in the know just like the shady Wall Street CEOs.
I would load up with 10000 shares since this is a sure thing and I'd nail this one when the stock market opens tomorrow. In the meantime, I would head over to the Porsche dealership so I could spend my ill-gotten gains.
As Eminem would say, snap back to reality. Yes, Apple ($APPL) had blow out earnings yesterday, but . . .
At the open the stock is down four points off a "sell the good news" event. Dream scenario? Armed with insider information I would be down $40,000 right now.
Even with a crystal earnings ball you still could not have predicted this move. This is exactly why I rarely trade pre-earnings. Instead, I use a 7-setup post earnings-breakout strategy that allows me to play probabilities and patterns rather than gambling.
Today's lesson is to dream big, but trade smart, and never gamble on earnings.
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9 comments:
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Binary options are a popular investment option where rather than buying a stock and hoping it goes up in value, you simply predict whether the stock will go up or down during a set period of time. If the asset goes in the direction you predicted, over the time period specified, your investment pays out. If it doesn’t, you lose the money you invested.
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Gambling playing with the risks. Your strategy is good too.
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You have quite vivid imagination.
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Inside information can really be hard to deal with.
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