Even the AAPL of my eye, was up and down last week. First, the stock slid in the first two days from 114 to 105,,, then, it staged a recovery to over 113. Before I give a run-down on these profitable moves — I suggest doing small positions on “test-mode” which you can then increase as you become successful. We’ll be getting a new batch of quarterly economic reports and earnings, while oil continues to slide and ECB stimulus is expected this month along with Greek elections, so be prepared for more skittishness in the market!
Timing is everything ,,, almost!
a) Opening times saw the best, most profitable and low-risk moves. If you follow the market, for example, starting off as positive, it will be following that trend for a good part of the hour.
b) Reports released as per schedule needs attention. Most of the reports are released 830, 10:00 in the morning. Those are your profitable timings and anticipation can be profitable, but again, make it within your position sizing. Beware that reversals or retracements can follow those reports too.
c) Earnings Reports — get a good look at the companies reporting, know whether they release their report before the market opens or after. I’d look at their Earnings history, particularly at the same quarter (like this December) to see if the company has been on the Nice list all along, chances are, the results can continue.
There are of course many other items to consider to lower your risk and maximize your success. I discuss them all in my workshops and show them in exclusive live-trading demos. So register your interest for the next workshops at charmel@highheeledtraders.com
It has been said that the FED will be patient and not make any moves on the interest rate until April, so make the most of this quarter. And if you’re an oil watcher (note I’m not an investor right now !) I’m sure you will be entertained as we have gone past the crazy $50 oil level and even I think $40 is not far along… things could get really interesting.
Enjoy this video…
