Markets are Falling, Sell Everything
What's going on, guys? It's Ricky with Techfit Solutions. Hope you're all having an amazing Wednesday.
Key Event: NVIDIA Reports Earnings Today
Today's November 20th, and NVIDIA reports earnings after the market closes today.
Market Trends and Expectations
Am I surprised that the markets are selling off? No. If you watched yesterday's video, this is exactly what NVIDIA has done in the past. It skyrockets based on expectation and forecast that it's going to perform well, but then the day of, right before it reports earnings, it actively retraces.
De-Risking Behavior Before Earnings
I don't know if companies just like to de-risk, but this is what we covered within our live trading session today.
Join the Live Trading Session
I go live every morning for my LPP team. If you ever want to tune in, it's the second link in the description below, and it's a dollar a day.
Trading Example: PLTR
In today's session, the example I stuck to was PLTR. There's so much opportunity out there, though.
Stocks in Focus
- PLTR: Target sold off 20% today.
- SMCI: Down 6.5%. A bit on the risky side, so let's not talk about that one.
- Tesla, Amazon, NVIDIA: Attractive options today.
The Importance of Patience in Trading
Anytime there’s a significant catalyst and we see aggressive gap-ups or sell-offs in a short period, I love trading reversals.
Simple Trading Strategy
Pick one stock. You don’t need my agreement on the stock, but wait for your opportunity:
- Wait for the sell-off to happen.
- Look for indication of a reversal.
- Know when to enter and when to take profits.
Three Stages of a Reversal Setup
- Enter
- Add
- Take profit
Managing Impulsiveness
How many of us struggle with staying patient enough not to force a trade right at market open?
Waiting for the Market to "Paint Its Picture"
Instead of trading within the first 5, 10, or 15 minutes, wait for the first 30 minutes. Sometimes the market needs time to show clear opportunities.
Observations from Pre-Market and Market Open
Pre-market activity isn’t always reflective of market open and subsequent activity.
Strategy for Beginners
Learn to wait for the market to settle, and focus on minimizing risks while maximizing profits.
Risk-Reward Ratio Example
- Profit potential: 3% based on previous highs.
- Risk potential: Less than 0.5%.
Key Message for Traders
Opportunity is not on our schedule; we are on its schedule.
NVIDIA Earnings Expectations
NVIDIA is set to report earnings after the market closes:
- Earnings per share expectation: $0.74.
- Revenue expectation: $33 billion.
Join the Live Earnings Stream
Subscribe to the channel, give this video a thumbs up, and tune in for the live stream as we experience NVIDIA's earnings report together.
Lifetime Membership Opportunity
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