 Hey, what's going on guys? You're right. It's Mark and I'm back I thought I'd make a quick video and since it's kind of coming up to earning seasons and in season and in season And a lot of companies are kind of doing a quarterly earning reports and so on as to why I never like to or for the most part I never hold a stock over earnings So I closed all of our just kind of on the side that I closed all of our Domino's pizza shares Quickly They're all here So we had a couple of leverage ones right that we open just for the day I think yeah open on the 16 close on 17 16 17 But all the rest we've been holding for a little while just kind of based off the pattern But the reason that I closed it again is linked into the earnings report. So today is the 20th of April And the earners report is coming up on the 24th. I'm sorry just over the weekend It'll be next Tuesday. It's Easter weekend But so there's a couple of reasons why I don't typically like to hold shares over earnings. The first one is What I find or in my experience anyway is that With the earnings report particularly come for the larger companies that people are anticipating for like Amazon Apple Netflix Facebook you get the idea is that the price of any good news to come out of the earnings is Usually or there's kind of there's a rally leading up to the earnings and so I find if there is any good news It's already kind of baits into the price. So you're not going to see this massive jump mess, let me go get my hand massive jump In the price kind of based off of any other good news And so you can see that here with Domino's although the pattern with Domino's if you've been watching any of my videos You know, I like this pattern here anyway Where it kind of sells off and then consolidates and pushes up and then sells often consolates push up Which which has been following in anyway But it had a 4% day I think it was on Wednesday and then another 1% day Which is why I decided to as I say sell off the position just because I feel like it's it's kind of rallying too hard I would expect it to potentially pull back even if there is good numbers on the earnings right and because What will happen if there is good numbers and it's already rallied so hard people will be selling off their positions to kind of take the profits and then the price will pull back and hopefully we can Hopefully we can get in there and see it kind of push on to this like 293 level where you can see it a few times I mean could it you know, could there be a good earnings report and The price continues to rally. Yeah, definitely But it's all about kind of managing your risk and is it worth taking that chance on the flip side also It could have a bad and bad bad earnings report bad predictions bad forecast I mean then everyone wants to get out and then in which case Depending on on how bad it is right as long as it it doesn't look like the company's gonna shut down in the next six months Then I like to kind of trade off the reactions whether it is good or bad So we've done that a couple of times. So Domino's in fact was one and one So I have a video up when on its last earnings report. I can't remember what the date would have been Would it have been the September or December one? I have one of these There was an earnings report. The earnings report was Okay There was a little bit of a slowdown on the forecast, but then it saw a massive sell-off But then it come back down to this support at like 242, which is when we bought in so it must have been here Because this is when we bought in And then it rallied up Maybe here Anyway, I'll find I'll find the video and I'll put link in the description But I mean had a report the forecast wouldn't as good as we or as they were hoping it pulled back Which is when we bought in right trade the reaction off of the earnings report and and then we can profit Obviously providing the patterns look okay another good example that I can think of That done this off top of my head. I mean it happens time-to-time again But another one that had a massive sell-off after earnings was Starbucks I mean this was about a year ago, but this one just sticks out of my head just because It was kind of when I was just getting into trading and I was looking for these patterns and it did it perfectly Right, so the earnings report wasn't terrible. It's sold off massively Right consolidated broke above the EMA and then we can see it push up And then obviously if you know if you've got your e-tour alerts on you can see that Starbucks ever since then There's just kind of been rallying up and then it had a massive push here This must have been another earnings now. Well, I don't know what caused that catalyst But I remember that specifically off of that pattern there And yeah, and that's just kind of been pushing up ever since So it's not really giving me an opportunity to buy in I don't know if I did buy in at the time anyway So yeah, so that's just an example there of where you know you trade the earnings We can you trade the earnings but Domino's look at that pattern that patterns beautiful Right, so it sells off consolidates pushes up sells off consolidates pushes up So I'm hoping and the earnings will either see it push up to here and then you know sell off and consolidate or The earnings will see it kind of pull back and we can buy back in I hope that will make sense. I'm trying to think of where else is sold off after earnings or there's been like a Buying opportunity after earnings, but I can't think off to my head, but I hope I kind of got my point across so just consolidate just to kind of Put it all into like a bite-sized chunk the reason I don't trade off to earn as I've got right in here is the price is baited into the anticipation Good or bad news it doesn't matter it depends how people react to it If it's good news people might sell off if it's bad news people might sell off, you know, so You have to take into consideration not just the earnings, but people's kind of reactions to it And it's always better to trade the reaction because you can get a feel for the pattern And go from there. So I hope that that was helpful If it was give a video a thumbs up Subscribe share work good stuff If you have any kind of constructive criticism or anything like that more than open to that if you want it Any any comments on it or YouTube I will get back to if you want to have a conversation with me You can message me on my Instagram, which is Mark Freeman official at Mark Freeman official Yeah, so links to all that will be in the description. Thanks for watching and I will catch you guys another time