Hubert Senters here.
Let’s take a look at Netflix, NFLX. That’s what we’re talking about in one of the videos yesterday. They beat earnings obviously. I don’t usually play earnings. Here’s how I’d recommend that you look at earnings and you can play any way you want. It’s your money. It’s your account. Do whatever you want to do. I’m just telling you what I do.
I don’t particularly like place on a bet on whether they’re going to beat earnings or miss earnings and how Wall Street is going to react to them. What I like to do is let them gap up, trade for that entire day or gap down trade for that entire day and then come in and pick up the pieces.
So in this case what I would be looking for if Netflix’s high was $380.24 and if it closed right in this area and if the low was $356.84 tomorrow or the next three days, next couple weeks, next couple months, however long it took. I would be looking for a candlestick that went outside of that range either to the high side or to the down side.
And once that happens then I know which direction it’s probably going to go. Now, before you do that you need to decide are you going to do a trade above $380 is a long and a trade below $356 is a short or a close above those two different areas? Super important that you know which way you’re going to go with that. And if it’s going to be a close or a trade.
Mark Helweg and I are going to be doing a special webinar, Wednesday, October 17th which is tonight ‘’How to Trade Minnow Risk to Target Whale Profits.’’ That webinar will take place Wednesday, October 17th at 8PM EST. I will lead you over to this page. Just click this big yellow button, CLAIM MY SPOT NOW the register for the webinar and put in your information and register for the webinar.
Good luck. Hope it helps. And I’ll see you then.
Hubert.
