Walt Disney Co DIS Earnings Report 5-8-19
Walt Disney Co DIS Stock Chart 5.8.19 Before Earnings
Earnings Preview: What To Expect From Disney On Wednesday
Walt Disney Co is scheduled to release earnings after Wednesday's close. The stock hit a record high of $142.37/share in April 2019 and is currently trading near $135/share.
The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong.
Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
forbes.com/disney-earnings-5-8-19
Walt Disney Co Expected to Earn $1.58 a Share
Walt Disney Co. (DIS) is expected to report quarterly earnings of $1.58 a share on sales of $14.5 billion after the market closes on Wednesday, based on a FactSet survey of 23 analysts.
SPY ETF Chart 5.8.19
“If every trade looks the same you don't have an edge.”
I said this to a coaching student recently, and didn't realize it until I watched the replay. Sometimes the best training comes from unscripted discussions.
Our discussion centered around trade expectation. Both share size and how to manage a winning trade. He had a generic answer, something you would read in a book. He has the order flow masterclass, didn't pay attention.
One of the biggest hurdles to trading success centers on your winners. If you're struggling, your winners are the reason. Once you have basic trading down, it's easy to cut your losses.
But making money, that's a different skill.
The chart of the SPY ETF illustrates the most basic example of two different buying opportunities with completely different trade expectations. If you're new to our method, trade expectation is the odds of your profit target being reached versus your stop loss.
If your stock is above the 20 SMA you have a stronger argument for being aggressive. The bullish order flow holds the bid. If you stock is below the 20 SMA, but above the 50 SMA, you are still looking for a long, but with a lower trade expectation.
Meaning you plan to manage the trades differently, based on the odds of the stock price moving in your intended direction.
Same chart, both a buy, two different trades. Learning to spot these scenarios helps you hold your winners correctly. You exit winners at the right time.
It's not hard to make money when it's obvious. The key to a successful trading career is knowing when it's obvious, and acting correctly when it's not.
Pete
