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Jaykian720
1
Jaykian720 Jun 13, 4:54 PM

Solid research, but wouldn't it be quicker, safer, and easier to simply short on the morning of earnings? Rather than try and catch the bottom, which can be tough

cwood
cwood Jun 13, 5:42 PM

@Jaykian720 Excellent observation. These are just 2 ideas for earnings strategies, I have something around 10 earnings strats running in my auto-trading platform every day.

Jaykian720
Jaykian720 Jun 13, 6:44 PM

Low key sarcasm! Cool - what algo plstoform do you use?

cwood
cwood Jun 13, 11:24 PM

@Jaykian720 Haha I was actually being serious, I'm not used to interacting with traders who have solid critical thinking skills :) I'm using trade-ideas, it's expensive but worth it

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cwood
1
cwood Jun 18, 12:05 AM

@Tone My first thought is to use the pre-market range as a guide, but I'd have to research. This did make me curious though so I tested the long side in Trade-Ideas. Here's a link to the alert page, which includes the filter params I used http://bit.ly/2KpgOjw - 62% win rate & 21% return over 60 days (164 trades) if you buy in the first 5 mins and hold for half an hour. 10% profit target / 2.5% hard stop

Tone
Tone Jun 18, 11:50 AM

Thanks for the reply. Interesting stats, though I didn't really know what to do with the link. Not familiar with trade ideas. Do I go to that link and then leave it to produce results over time? Thanks.

cwood
cwood Jun 18, 11:55 AM

@Tone yea, that's a live alert window although it'll be delayed if you don't have an account. you can hover over the icons to see the filter values I used in the backtest.

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Tone
1
Tone Jun 11, 6:17 AM

Thanks for sharing the strategy. I've registered for the scanner and will give it a go. I've been thinking about how best to get broad earnings data instead of trawling through calendars. Good to see you're still killing it!

cwood
1
cwood Jun 12, 1:52 PM

@Tone Earnings calendars are so inefficient, not to mention they don't have post-earnings pricing data/trends so it's tough to build strategies using a simple calendar.

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dauber360
dauber360 May 31, 18 12:09 AM

I think you should try swing trading. The volatility of day trading requires your 100% focus. Keep your job and swing swing trade until your have enough money to day trade full time. Another alternative is to get a job working second/third shift and trade during the day. I don't have STT because I told myself that I need to hit a goal $ before I buy it, but I use the fidelity app alongside tradingview.com and constantly watch the stocks I'm focused on.

cwood
1
cwood May 31, 18 1:16 PM

+1 for tradingview. also thinkorswim mobile doesn't use a lot of data & I do all my trading from my phone

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ChanceStearns
1
ChanceStearns May 10, 18 4:03 PM

I do data entry so nobody's really watching over my shoulder. I keep my phone right next to me and every 15ish minutes I'll look at the markets and look at stocks I've been watching and if I'm in a trade then I'll straight up ignore what I'm doing at work lol but it depends how serious your job is.

Molonelabe
1
Molonelabe May 10, 18 4:18 PM

if you work later int he day you can trade in the morning, I get to work at 9am Colorado time, the market opens at 7:30 and I trade until 8:40am before I have to get ready for work and drive there. Most days I am in and out of a trade before work.

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raulmacias
1
raulmacias Jan 22, 18 7:21 PM

Chris my man, you totally just gave me my aha moment. So, earnings, PR's, buybacks, contracts, etc. are all the same concept? You react to the reaction! It's taken me a whole year of studying my ass off to finally put two and two together

cwood
1
cwood Jan 22, 18 7:38 PM

You have now gained an edge over everyone that has yet to understand that concept, and believe me there are a lot of those people out there :)

cwood
cwood Jan 22, 18 7:45 PM

Earnings season should start to pick up next week, so if you want to stay connected and chat about earnings action or setups feel free to reach out on Google Hangouts, that’s what I use to chat with all my trader friends. You can find me at cwood119@gmail.com

raulmacias
raulmacias Jan 23, 18 5:01 AM

Sweet! Mine is raulmacias620@gmail.com, I will send a request your way. Thanks again Chris!

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cwood
cwood Jan 20, 18 9:28 PM

That sounds a lot like my situation. I'm also working full time, so I can relate. You might look into buying earnings winners as they breakout over multi month resistance or over the earnings day high. Both setups attract a lot of different types of traders, so there’s a lot of demand driving the price up

Ssolax
Ssolax Jan 20, 18 9:36 PM

What do you look for when it not earnings season? Thanks for the advice to.

cwood
1
cwood Jan 21, 18 2:18 PM

I only trade earnings winners and there's enough action to keep me busy all year. There's definitely an ebb and flow of new announcements, but a lot of these stocks offer dip and breakout opportunities for several months after their initial announcement

Ssolax
1
Ssolax Jan 21, 18 8:35 PM

Thanks again for the input

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