{"id":16982,"date":"2012-02-02T16:50:15","date_gmt":"2012-02-02T21:50:15","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=16982"},"modified":"2012-02-02T16:50:15","modified_gmt":"2012-02-02T21:50:15","slug":"can-you-tell-the-difference","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference","title":{"rendered":"Can You Tell The Difference?"},"content":{"rendered":"<p>There are three ways short term traders lose money: incorrect analysis, expectancy (a certain % of trades just don&#8217;t work), or making trades based on emotion (this one is a biggy for most). Take a look at the price action from GMCR and QCOM after they reported earnings. Since the initial down moves on the Open one has been a great long and the other a great short. From my perspective one\u00a0had price action that signalled it could be a good long while the other had price action signalling a short.<\/p>\n<p>I would love feedback from both new and experienced traders on these two setups. I will conduct a webinar next week discussing the importance of understanding the difference in price action for these two names.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16985\" title=\"gmcr earnings feb 2nd\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd.png\" alt=\"\" width=\"524\" height=\"369\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd.png 874w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd-300x211.png 300w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/qcom-earnings-feb-2nd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16989\" title=\"qcom earnings feb 2nd\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/qcom-earnings-feb-2nd.png\" alt=\"\" width=\"524\" height=\"369\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/qcom-earnings-feb-2nd.png 874w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/qcom-earnings-feb-2nd-300x211.png 300w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB Training and has traded professionally for over 15 years. His email is sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are three ways short term traders lose money: incorrect analysis, expectancy (a certain % of trades just don&#8217;t work), or making trades based on emotion (this one is a biggy for most). Take a look at the price action from GMCR and QCOM after they reported earnings. Since the initial down moves on the Open one has been a &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3,15],"tags":[4676,653,4675],"class_list":["post-16982","post","type-post","status-publish","format-standard","hentry","category-steven_spencer_steves_blogs","category-technical_plays","category-trading_theory","tag-day-trading","tag-trader-training","tag-trading_theory","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can You Tell The Difference? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can You Tell The Difference? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"There are three ways short term traders lose money: incorrect analysis, expectancy (a certain % of trades just don&#8217;t work), or making trades based on emotion (this one is a biggy for most). Take a look at the price action from GMCR and QCOM after they reported earnings. Since the initial down moves on the Open one has been a ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-02T21:50:15+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd.png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\"},\"author\":{\"name\":\"sspencer\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/8eabc642d328f902a341eb510c67ef27\"},\"headline\":\"Can You Tell The Difference?\",\"datePublished\":\"2012-02-02T21:50:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\"},\"wordCount\":159,\"commentCount\":8,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2012\/02\/gmcr-earnings-feb-2nd.png\",\"keywords\":[\"day trading\",\"trader training\",\"Trading Theory\"],\"articleSection\":[\"Steven Spencer (Steve's) Blogs\",\"Technical Plays\",\"Trading Theory\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/can-you-tell-the-difference\",\"name\":\"Can You Tell The Difference? 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