earnings season webinar
DESCRIPTION
TRANSCRIPT
![Page 1: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/1.jpg)
Are You Making the Most Out of Earnings Season?
Mike BellafioreCo-Founder, SMB Capital
Co-Founder, SMB UAuthor, One Good Trade and The PlayBook
![Page 2: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/2.jpg)
![Page 3: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/3.jpg)
GoalsHow good can you be?
Share some of what we teach our traders
Discuss opportunities 4U to tap into our desk
Answer your questions
Have some fun!
![Page 4: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/4.jpg)
One Good Trade“trading classic”
“the bible of prop trading”
Stocks In Play
![Page 5: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/5.jpg)
FB Historic IPO Trade Review
![Page 6: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/6.jpg)
Stocks In PlaySuper Stocks In Play Webinar
News Catalysts
+/- 3 percent on the Open
Increased relative volume
![Page 7: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/7.jpg)
Strategy• Stocks that can cleanly trend
• Stronger and weaker than the market
• Follow the trend until it ends• Reasons2Sell Webinar
![Page 8: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/8.jpg)
Questions?
![Page 9: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/9.jpg)
Trade Examples from this Earnings Season
• Gold
• Solarso FSLR, SPWR
• AAPL
• CRUS
• VXX
![Page 10: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/10.jpg)
Improving your P&L• Where is your money going to come from?
• Big Ideas?
• Theses + Price Confirmation
![Page 11: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/11.jpg)
Sniper TradingWhen you see it…… strike
![Page 12: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/12.jpg)
Supershort: Failure at Key Levelon Open + Held Bid Drops
KMayTicker: CRUS
Date: Wednesday, April 17, 2013
![Page 13: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/13.jpg)
Big Picture
The market has been unusually volatile over the last several days. SPY dropped precipitously with the crash of gold on Monday, but recovered most of its losses yesterday. However, this morning SPY opened below yesterday's trading activity, and spent much of the day trending lower. This move puts SPY back into the 153.7 – 157 price band that occumpied most of March and early April.
![Page 14: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/14.jpg)
3 month SPY.
Big Picture
![Page 15: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/15.jpg)
Today SPY.
Big Picture
![Page 16: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/16.jpg)
ADV: 2.78 million
ATR: 1.02
FS%: 12.34
β: 0.65
Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. A major customer for
Cirrus is Apple.
![Page 17: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/17.jpg)
Long-Term Technicals
Long term chart, annotated.
![Page 18: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/18.jpg)
Trade Management
Today stock snapshot, annotated with execution and possible execution details.
![Page 19: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/19.jpg)
Trade Review
Make it Better: Didn't trade with enough size here. Should have been more aggressive when the original 25c buyer dropped, when 19 dropped, and when the last 33c buyer dropped.
![Page 20: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/20.jpg)
Trade Idea
18.50 and 18 were important levels today. I think there is a good opportunity to make a short trade if CRUS pulls into 18.50, or if it spends time below 18 and turns that support level into resistance.
![Page 21: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/21.jpg)
Sector Play: Hold Below Pre-market Low
GDX
VC
4/15/13
![Page 22: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/22.jpg)
Big PictureThe SPY trended down from 158.00-155.50
![Page 23: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/23.jpg)
![Page 24: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/24.jpg)
Intraday FundamentalsMining stocks are taking a bit of a hiding following
China's slowing GDP growth and the sell-off in precious metals.
ATR: 1.16
ADV: 17.1M
SF%: 8%
![Page 25: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/25.jpg)
At Multi-year lows
![Page 26: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/26.jpg)
30.00 was a very clean defined level in the premarket
![Page 27: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/27.jpg)
Trade IdeaGDX seemed to be the best set up in the premarket so
it was the metal stock I wanted to focus on first. It was supporting 30.50 a few times in the premarket as GLD was falling. When it finally dropped I took the opportunity to begin my short position.
![Page 28: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/28.jpg)
Begin short position as GLD is falling and GDX drops 50c support level
Add when holds below 40c
Cover half into 30.00
Add onto short against 10c when begins to hold below premarket support at 30.00
Cover some into trendline break
Add back on when consolidates below previous support at 80c
Cover most when breaks downtrend and approaches the whole
Flat when makes double botom and then new high above 40c
![Page 29: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/29.jpg)
Trade ReviewIt never held under 30.00 long enough for me to really
size up into the position. I also could have easily been much bigger in the pullback to 80c. Overall though good job holding it throughout the move and feeling comfortable shorting in the premarket
![Page 30: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/30.jpg)
SMB Trading Tools Join our SMB community and learn while we share our best trading
ideas. Get SMB Scanner, Stocks In Play, SMB Radar and SMB Real Time for $279* (35% off)
Reading The TapeGain an edge as an intraday trader by learning this important trading
skill - $850
SMB Foundation Remote TrainingFive-week program that will help you develop valuable trading skills
to profit in any market. - $5,400
Email us at [email protected] or give us a call to 646-845-4265 for more info.
*Offer for first time subscribers and price is valid for the first month.
![Page 31: Earnings season webinar](https://reader033.vdocuments.mx/reader033/viewer/2022061110/54536524af7959257f8b734a/html5/thumbnails/31.jpg)
SMB Foundation Develop the Skills of a Professional Equities Trader
You will learn:
Fundamentals of Trading One Good Trade How to Find Stocks in Play Reading the Tape Risk Management How to Review Your Trading
Enter the coupon code SMBATTENDEE to get 5% off and attend 10 SMB Webinars and enter into a raffle to win a free Foundation Program
Email us at [email protected] for more info.