Derrick Oldensmith’s Strategy For Earnings Season
Professional trader Derrick Oldensmith is focused on one thing heading into an earnings report – where the stock is currently trading. How a stock moves after reporting earnings isn’t just about whether it beats or misses expectations. Watch the video below to learn what you should be looking at ahead of each report: Derrick is a professional prop trader with T3 Trading Group. Click here to get his free ebook to learn more about the benefits of prop trading vs retail! Derrick’s positions as of 10:14am ET July 17, 2024 Derrick Oldensmith is an associated member of T3 Trading Group, LLC (“T3TG’), a SEC Registered Broker-Dealer & Member of FINRA/SIPC. All trades are placed through T3TG. T3 Live, LLC is a financial publisher that disseminates information about economic, business, and capital markets issues through various media. T3 Live is not a Broker-Dealer, an Investment Adviser, or any other type of business subject to regulation by the SEC, CFTC, state securities regulators or any “self-regulatory organization” (such as FINRA). Although T3 Live and T3TG are affiliated companies by virtue of common ownership, the companies are managed separately and engage in different businesses. The programs that T3TG distributes (including articles, commentary, videos, blogs and social media postings) are for informational and educational purposes only. No one should consider the information disseminated by T3TG to be personalized investment advice, a recommendation to buy, sell or hold any investment, an offer (or a solicitation of an offer) to buy or sell any investment, or the provision of any other kind of investment advice. No one associated with T3TG is authorized to make any representation to the contrary. T3TG provides information that viewers of its programs may consider in making their own investment decisions. However, any viewer will be responsible for considering such information carefully and evaluating how it might relate to that viewer’s own decision to buy, sell or hold any investment. Such decisions must be based on that viewer’s individual and independent evaluation of his or her financial circumstances, investment objectives, risk tolerance, liquidity needs, family commitments and other factors, not in reliance on any information obtained from T3TG. Statements by any person (whether identified as associated with T3 Live, T3 Trading Group, or any other entity) represent the opinions of that person only and do not necessarily reflect the opinions of T3TG or any other person associated with T3TG. It is possible that any individual providing information or expressing an opinion on any T3TG program may hold an investment position (or may be contemplating holding an investment position) that is inconsistent with the information provided or the opinion being expressed. This may reflect the financial or other circumstances of the individual or it may reflect some other consideration. Viewers of T3TG programs should take this into account when evaluating the information provided or the opinion being expressed. Although T3TG strives to provide accurate and reliable information from sources that it believes to be reliable, T3TG makes no guarantees as to the accuracy, completeness, timeliness, or correctness of any such information. T3TG makes no guarantee or promise of any kind, express or implied, that anyone will profit from or avoid losses from using information disseminated through T3TG. All investments are subject to risk of loss, which you should consider in making any investment decisions. Viewers of T3TG programs should consult with their financial advisors, attorneys, accountants or other qualified professionals prior to making any investment decision. The risk of loss in trading equities, options, forex and/or futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. The high degree of leverage that is often obtainable in options trading may benefit you as well as conversely lead to large losses beyond your initial investment. Past results are not indicative of future results. No representation is being made that any account will or is likely to achieve profits similar to those shown. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of FINRA/SIPC. All trading conducted by contributors associated with T3TG on the Virtual Trading Floor is done through T3TG. For more information on T3 Trading Group, LLC please visit www.T3Trading.com.
Continue Reading -->How David Prince Is Preparing For NFLX Earnings
Netflix (NFLX) reports earnings on Thursday. Are you ready? David Prince says this report is different than the past. The company is trying to push analysts away from focusing on subscriber growth. So what’s the stock’s story now? Watch the video below to find out: He says the chart isn’t exciting him long or short, take a look for yourself: *chart as of 3:27pm ET July 16, 2024 David expects subscriber numbers to be subpar. How will the street react? This stock has a history of big post-earnings moves. Over the last four quarters, NFLX has moved 11% on average the day after reporting. As of now, the stock is pricing in a $52 move post-earnings, or about 8.4%. Click here to apply for the Inner Circle to see how David approaches this stock in real time after the print!
Continue Reading -->Is THIS the New Nvidia?
Brought to You By Power Plays SPX futures are +20. Last week’s high is 5655. We’ll see if today’s gains build. Odds of a 9/18 rate cut are 95%, and the market is pricing in 64BP worth of reductions for 2024. Dovish developments are driving the tape with small caps, bios, and beaten down sectors moving. We’ll measure how this develops as we approach the tape this summer. Now let’s dig into some individual names: AVGO is post-split this morning. $185 calls may work. Because if AVGO follows in NVDA’s footsteps, there could be a big move here. But know your risk. SMCI needed another week to move. I mentioned it was a candidate to be added to the NASDAQ 100. We’ll see if early gains hold and build. Holding $930-$934 keeps it ready to attack $972, then $1014, and eventually higher. LLY gave many ways for active traders to buy swing longs. If you’re an investor, maybe it changed your life. It’s above the $950 high to manage. The 8/21 day has been buyable since it broke out over $800. I think a split is coming. RDDT is choppy. But a strong move above $76-$77 should get this to $90ish in time. AMD gave a great move from $166ish to $187+. Now we see if it holds $177ish to give another bull flag move above. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Recent ideas include Rivian (RIVN) and XBI. You can be on the list for the next one: See why now’s the right time to join. Your Tip for This Week: When Things Go Wrong, Get Small Trading is a lot like poker. You can prepare and study for years to get an edge over the house. But sometimes, you just get dealt a bad hand, and there’s nothing you can do abou it. We all find ourselves on losing streaks from time to time. What matters is how we pick ourselves up. If you’re in a rut, trade smaller and focus on just getting profitable again. This way, you can rebuild your confidence without digging an even bigger hole. One thing you must never do is up your bets after you’re down. That’s how you go from 5% down to 20% down to 50% down. This Week’s Calendar Earnings season heats up as more banks report. Plus we have Netflix (NFLX) and Taiwan Semi (TSM) on Thursday, which could move tech. And plenty of Fed officials speak this week. Positions Disclosure as of 2024-07-15 at 7.56.04 AM
Continue Reading -->Is SPY About to Reverse? (Sami Abusaad’s Swing Trade Game Plan)
Sami goes over: Why he was surprised by Friday’s action How the SPY’s reversal signal can get confirmed Whether IWM is breaking out Why Sami likes FCX, JWN, WIX, SRPT, and other names The only name that Sami likes short Why Sami scans every day after the cose And more!
Continue Reading -->Bank Earnings Prep
Second quarter earnings season is ramping up starting Friday. Some of the biggest banks in the U.S. are reporting before the market open: JPMorgan Chase (JPM) Wells Fargo (WFC) Citigroup (C) Here’s a look at how the stocks are looking heading into these reports and the consensus estimates for results. JPMorgan Chase (JPM) Expectations Adjusted Revenue: $46.66 billion Adjusted EPS: $4.51 Wells Fargo (WFC) Expectations Adjusted Revenue: $20.23 billion Adjusted EPS: $1.28 Citigroup (C) Expectations Adjusted Revenue: $20.09 billion Adjusted EPS: $1.39 And the earnings action will continue with more banks next week! Goldman Sachs (GS), Bank of America (BAC), and Morgan Stanley (MS) are all set to report. There are several key questions for analysts when its comes to banks this earnings season. How are deposits faring? How is commercial lending holding up in the high rate environment? And, for the investment banks, are trading profits still at record highs? We’ll get those answers and more starting Friday morning!
Continue Reading -->David Prince’s Keys To Success
David Prince of T3 Live’s Inner Circle discusses his top keys to success for traders: You’ll learn: how position sizing can make or break you how to make more by holding trailers most common mistakes that traders make when to get out of a losing trade
Continue Reading -->Why Tesla Is Going to $300 – JR Romero Explains
This week’s Open House with JR is BOOMING. Watch this video to see why so many people love JR’s calls in Momentum Express. JR goes over: Why he got long Tesla around $172.50 when everyone hated it What happened when Tesla stopped dropping on bad news The importance of Tesla’s energy unit Why he thinks the stock is going to $300 Why this was a textbook swing trade Why all the bad news is factored in
Continue Reading -->How to Trade AMD, Tesla, and Nvidia – And Why Tesla Can Hit $300!
This week’s Open House with JR is BOOMING. Watch this video to see why! JR goes over: Why he’s been so bullish on Tesla (TSLA) since well under $200 You can watch an individual clip on that here: JR also goes over: Why he thinks Tesla can hit $300 How he spotted a unique long opportunity in AMD (AMD) today The reason he got long Nvidia (NVDA) for a quick ride higher Monday How he plans to react to a light CPI (if we get it) How he finds winning ideas in this tough, grinding market
Continue Reading -->When To Exit A Losing Trade
Choosing when to get out of a loser isn’t always as simple as operating with a set stop loss. David Prince of T3 Live’s Inner Circle explains how he chooses when to take a loss: Do you listen when the market is telling you you’re wrong or running out of time? Knowing when to cut your losers to let your winners run is key to success.
Continue Reading -->Can You Outperform The Market?
David Prince of T3 Live’s Inner Circle explains how traders can create Alpha through sizing: Are you taking on too many positions? Maybe. Sometimes, less = more in this game. And it’s possible to outperform the market with proper sizing on your best positions.
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