Tech Giant AAPL is down 4.75% following their earnings announcement last night.
I can show you 17,000 articles from “experts” explaining why the stock is down so much but none of them knew this would happen and if they did, they didn’t have the conviction to risk their own money.
That’s okay. It’s their job to explain what’s happening and if they knew in advance, they would have a different job.
My job is to make money trading and teach members of my trading community to do the same or ideally, better. That’s why AAPL is not even a stock on our radar. It doesn’t meet our criteria for a good trading stock.
In fact, 8 days ago I wrote an article specifically explaining why there are better stocks for you to trade than AAPL.
AAPL had already made down moves of 70 and 100 points in the last year so it’s 28 point drop today should not be a surprise. It’s the expected turbulence that comes with a big name stock.
That’s why I always drive my stock market community to good trading stocks that don’t suffer from the volatility that media overexposure brings.
If I do get involved in stocks that have a media spotlight on them, it is usually because the mis-information is creating opportunities. I wrote about this 12 days ago.
I don’t consider 20% good and I’m certainly not satisfied with 30%. When you learn to target strong individual stocks, you won’t either.