On Thursday Dec 13 there were two trades setup using the Trade Ahead Of Earnings Strategy. One of those was Adobe Systems Stock (ADBE).
They announced earnings on Thursday after the markets closed. Earnings disappointed. They were expected to come in at $1.88 a share but instead came in at $1.83. This was still a huge jump from the same quarter last year when Adobe posted earnings of $1.26. But investors were being met by a wave of selling to start off the day on Friday and investors decided it was time to get out of Adobe Stock.
The stock plunged $18.00 and left my portfolio with a 29% profit for a one day trade in Adobe Stock.
Here are the steps taken to sell out of this trade and close it on Friday Dec 14.
Remember to pick and choose those stocks that you are more comfortable with. Not all trades need be entered. Always understand your own comfort level and how much risk you want to take and keep your capital for only those trades you are most interested in. Consider paper trading this strategy prior to risking actual capital.
These trade alerts are for FullyInformed Members.
29% Return For One Day Adobe Stock Trade from Dec 13 2018
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
Learning The Trade Ahead Of Earnings Strategy
For investors learning the Trade Ahead Of Earnings Strategy, one of the best ways to learn is through actual trades, from start to finish.
Here are trade articles that are well worth reading to learn more on the Trade Ahead Of Earnings Strategy including how to setup trades, manage and adjust them and close them for profits.