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Avoid these mistakes this earnings season
Earnings season is in full swing, and trader Serge Berger explains that when it comes to investing over this period, it all comes down to one key word; patience.
He says: "It's all about waiting for the results to actually pass. This means, that if you are for example looking at Walmart or Goldman Sachs, the odds of making a profitable trade ahead of the earnings are very small".
Instead, Serge thinks you should look at stocks you are familiar with, and then wait for the earnings to come out. He suggests waiting for anything from two hours to a day, because after that "you will get much better technical set ups".
This season, Serge specifically plans to look at financials such as Goldman Sachs and also social media stocks like Facebook and Google.
He firmly believes that the best trades sets off "after the emotions have come down", and anything before that is just gambling, according to Serge.
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01:39 minutes
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