An Earnings Beat Doesn't Always Mean You Should Buy.
Here is my framework after a report drops:
Check the actual numbers.
Check the future outlook and spending plans.
See if the price action confirms my thesis.
Example of a bullish setup I watch:
I wait for the first 30 minutes of the regular session to set a high. If price breaks above that high and holds on a retest, that is an interesting setup. If the retest fails, I drop the idea.
If the stock gaps up strongly at open but then fades all day, I don't buy the dip automatically - I reassess.
Before I enter any trade:
I define my exit first
I size my risk properly
I account for fees and slippage
Note: With options, expiry and volatility can hurt you - you can be right on direction and still lose.
Sometimes no trade is the best trade.
What would make you flip your bias quickly: weak guidance, higher spending, or a failed breakout?
#EarningsSeason #meta #META
$BTC $ETH $META
Here is my framework after a report drops:
Check the actual numbers.
Check the future outlook and spending plans.
See if the price action confirms my thesis.
Example of a bullish setup I watch:
I wait for the first 30 minutes of the regular session to set a high. If price breaks above that high and holds on a retest, that is an interesting setup. If the retest fails, I drop the idea.
If the stock gaps up strongly at open but then fades all day, I don't buy the dip automatically - I reassess.
Before I enter any trade:
I define my exit first
I size my risk properly
I account for fees and slippage
Note: With options, expiry and volatility can hurt you - you can be right on direction and still lose.
Sometimes no trade is the best trade.
What would make you flip your bias quickly: weak guidance, higher spending, or a failed breakout?
#EarningsSeason #meta #META
$BTC $ETH $META