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Tip of the Week: Know the Risks and Rewards of Earning Season

Posted by TopstepTrader on April 29, 2019

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Most traders learn pretty quick that the release of numbers like unemployment or GDP can cause huge swings in the futures markets, but remember, it’s not just the government that can make or break your day with a few choice words. Case and point, there's a good chance you might get your own revenue projections slashed if you forget about one of the big corporate earnings releases coming out this week. 

We have entered the tail-end of Q1 earning season, and with several mega-corporations now approaching $1-trillion in market cap, it’s more important than ever to keep track of when the big players are reporting. These companies have increasingly become barometers for equities in general (which just closed at new all-time highs last week). Amazon already posted solid numbers on Thursday, but look out for Alphabet and Apple, which will report after the markets close on Monday and Tuesday respectively.

Bottom line, do yourself a favor and look over the upcoming earnings calendar. It can be a risky time to trade, but also offers some great opportunities for the smart trader.

Here's a few thoughts from Michael about trading earning season:

 


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Topics: Trading Lessons, Futures, Michael Patak, Tip of the Week

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