Brad May started his trading career by virtual trading for somebody else for a year or two and reporting the results to his employer. Over the course of his tenure he was given a free hand in some instances to try out different strategies, including around earnings time.
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Description
Brad May started his trading career by virtual trading for somebody else for a year or two and reporting the results to his employer. Over the course of his tenure he was given a free hand in some instances to try out different strategies, including around earnings time.
Brad found the volatility spike and rapid drop around earnings time particularly fascinating. Beyond obvious good or bad news, what caused earnings for one company to spike its price while dropping another? The answer was in the charts. Over time, Brad formulated a successful strategy to trade during earnings provided a given company fit into his formula.
Notes
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