Stock Traders Reacting to Earnings Season Opportunities

Stock Traders Reacting to Earnings Season Opportunities

charles schwab

charles schwab

Earnings season brings volatility. Charles Schwab is right, market participants need to learn to deal with the volatility.

We live in a bold new 24 hour market. From professionals to rookies, we all look at the global markets when we wake up. And it's awesome.

Opportunity is everywhere. NFLX was trading over 8% higher after reporting earnings. IBM and Interactive Brokers missed.

Today we get ETFC and MS. Plenty to consider.

If there is so much opportunity, why do so many traders struggle?

Two reasons, planning and patience. Most traders don't create a plan, and if they do, they don't follow it. 

Why is this? It's because most of us come from the world of salaries and pay by the hour. We think if we show up we must be doing something.

That's not trading. Professional trading requires an edge, and that edge pays you. Traders don't get paid for showing up. They get paid for flawless execution. 

Which includes waiting for the right trades. To be honest, trading is simple when you follow the rules. 

Trading for a living is an incredible experience. Once you understand the process, everything changes.

If you want some help, schedule a coaching call. Let's see if we are a good fit to work together.


Charles Schwab, founder of his namesake company, is still a market bull despite recent volatility.

“People have to learn how to deal with the volatility of free markets, and that's what this is. You wouldn't want to have a controlled market, you have free markets. And free markets go up and down with interest rates, stocks, commodities, you name it.”

New Book: Invested: Changing Forever the Way Americans Invest

IBM Reports Messy Results

International Business Machines (NYSE:IBM) reported its third-quarter results after the market closed on Wednesday. Revenue came up short of expectations, although there was a lot of noise involving currency, divestitures, and the accounting treatment of the Red Hat acquisition.

Wells Fargo Rebounds on Earnings as Turnaround Solidifies

Wells Fargo & Company (WFC) is the third largest among the four “too big to fail” money center banks.

The bank now has a new CEO, which is a positive sign as the banking giant recovers from fines levied due to numerous scandals that rocked the company since early 2018

Netflix Surges; ‘Stranger Things', '13 Reasons Why' Boost International Growth

Netflix shares surged higher in pre-market trading Thursday after it added more international subscribers to its streaming service than Wall Street had forecast for the third quarter, easing concerns over the impact of rival offerings from Apple, Disney and Amazon.

How To Make Meaningful Changes In Your Trading

“You will never change your life until you change something you do daily”

The above observation seemed to resonate with a number of attendees at the recent Traders4ACause conference. It's not enough to write a journal and express written goals. If you're not making daily efforts at change, change never occurs.

Pete Renzulli

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Dalia Bream - October 4, 2020

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