This is my first time trading during earnings. I bought a 10 shares of JFIN to try this out. I see during previous earnings they would spike real quick. There earnings were today before opening and the report was not all that great. What is confusing me is I continue to see the Volume increase more and more despite the bad earnings. Is it possible it will still spike later today as volume increases or should I sell and take a small loss in the case it goes even lower? Any help appreciated
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Need a little help or advice
- Thread starter TsnAccount
- Start date
This is my first time trading during earnings. I bought a 10 shares of JFIN to try this out. I see during previous earnings they would spike real quick. There earnings were today before opening and the report was not all that great. What is confusing me is I continue to see the Volume increase more and more despite the bad earnings. Is it possible it will still spike later today as volume increases or should I sell and take a small loss in the case it goes even lower? Any help appreciated
You tried to gamble and it didn't work out. There was only one large spike on JFIN and it happened before earnings on June 11th so it wasn't a reaction to the earnings report.
Looking at the stock it seems like intraday the lows have been bought so far today at around $2.82 - $2.85 but the highs are getting lower and lower which is a sign of weakness.
If i were you i would get out and learn from the mistake. Next time do some more research before you take the trade (what caused the spike, how were previous earnings and what was the market reaction, what are current earning expectations, are there any events that might not (yet) be included in the earning expectations, ...)
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do not get out of JFIN and chec your old post. i still don't think you actually are trading it and i think you are full of crap but no matter what you are down the cost of lunch for 2 people! and you are freaking out like a baby. I think you should quit trading all together because if you need to jump ship right now after a knee jerk reaction to positive "happenings" then you don't understand anything about stocks or trading. at thsi point your total risk is what? 30 or 40 dollars
and you are down what maybe 10 bucks i mean the world is ending for you huh. anyway check your old post
and you are down what maybe 10 bucks i mean the world is ending for you huh. anyway check your old post
do not get out of JFIN and chec your old post. i still don't think you actually are trading it and i think you are full of crap but no matter what you are down the cost of lunch for 2 people! and you are freaking out like a baby. I think you should quit trading all together because if you need to jump ship right now after a knee jerk reaction to positive "happenings" then you don't understand anything about stocks or trading. at thsi point your total risk is what? 30 or 40 dollars
and you are down what maybe 10 bucks i mean the world is ending for you huh. anyway check your old post
His initial call (bet), was wrong, so i would suggest he gets out.
It's not about the $ value of the trade, it's about his call being wrong.
If you are wrong you get out, if you are right you ride the profit.
Staying in at this point is nothing but praying to god that the stock price will go up.
Of course it's only 10 bucks but that's not the point. The point is that he was wrong, he predicted it would go up on earnings, staying in is hoping and praying it will turn around after he was wrong, the last things one should do when trading.
His initial call (bet), was wrong, so i would suggest he gets out.
It's not about the $ value of the trade, it's about his call being wrong.
If you are wrong you get out, if you are right you ride the profit.
Staying in at this point is nothing but praying to god that the stock price will go up.
Of course it's only 10 bucks but that's not the point. The point is that he was wrong, he predicted it would go up on earnings, staying in is hoping and praying it will turn around after he was wrong, the last things one should do when trading.
Thanks for the advice. TraderKing007 is pretty rude. Saying I'm crying like a baby. Wow. I am just trying to figure out if I should hold or sell. It really is not a big deal that I am out of $10.00. Anyway. I really appreciate your advice.
JUST HOLD it then you big baby
do not get out of JFIN and chec your old post. i still don't think you actually are trading it and i think you are full of crap but no matter what you are down the cost of lunch for 2 people! and you are freaking out like a baby. I think you should quit trading all together because if you need to jump ship right now after a knee jerk reaction to positive "happenings" then you don't understand anything about stocks or trading. at thsi point your total risk is what? 30 or 40 dollars
and you are down what maybe 10 bucks i mean the world is ending for you huh. anyway check your old post
I'm not crying like a baby. I could care less I lost $10.00. I was just not sure if I should pull out or not. And yes I am actually trading. I bought 10 shares. I also wouldn't jump ship either if I knew the stock price would go up later. I would rather put my money into something I am sure to make a little profit on the pray and hope this stoke goes anywhere
I'm not crying like a baby. I could care less I lost $10.00. I was just not sure if I should pull out or not. And yes I am actually trading. I bought 10 shares. I also wouldn't jump ship either if I knew the stock price would go up later. I would rather put my money into something I am sure to make a little profit on the pray and hope this stoke goes anywhere
I'm just learning. Keep your immature comments to yourself pleaseJUST HOLD it then you big baby
it is not about the call being wrong it is about sticking to the plan.His initial call (bet), was wrong, so i would suggest he gets out.
It's not about the $ value of the trade, it's about his call being wrong.
If you are wrong you get out, if you are right you ride the profit.
Staying in at this point is nothing but praying to god that the stock price will go up.
Of course it's only 10 bucks but that's not the point. The point is that he was wrong, he predicted it would go up on earnings, staying in is hoping and praying it will turn around after he was wrong, the last things one should do when trading.
the plan from the get go was 1 share for 4 bucks with no stop loss.
this moron was asking about it yesterday and it was addressed
that the only contingent orders to be used would be gtc limits to take profit but of course even that has turned out to be a challenge
but I own this stock and i am holding it and i do not see any reason to sell it I would actuallu buy another 10 shares if i was TSN and could afford to hold it
I'll keep it for a while. I use GTC and lowered my sell limit to make a little profit.it is not about the call being wrong it is about sticking to the plan.
the plan from the get go was 1 share for 4 bucks with no stop loss.
this moron was asking about it yesterday and it was addressed
that the only contingent orders to be used would be gtc limits to take profit but of course even that has turned out to be a challenge
but I own this stock and i am holding it and i do not see any reason to sell it I would actuallu buy another 10 shares if i was TSN and could afford to hold it