I am saying that the more (unsophisticated) retail traders participate in something, the more opportunities for experienced traders. So if you didn’t trade pre/post before, you may want to start watching the action.
That's probably a safer way to make money and not lose money which is very important. The method I was trying to describe has short term momentum and sentiment to give you an edge. It doesn't always work. I bought MU calls near the open today and it went straight down so it has a lot more risk than just sticking to good solid companies to trade. Unfortunately Micron is one of those stocks that just moves with $SOX index and it got hammered today so very difficult to make money on the long side. Another example that has worked is to buy COST calls if it is a good earnings but wait like the next day since IV will go down. Of course if you're just buying the stock it doesn't matter. I bought COST calls the day after earnings on 3/4/22 at ~$520. It just hit $575+ today. I also use earnings to get into small caps that have blow out earnings. I bought HRT last week after the earnings at ~ $15.66 and it is up to $17 today. I would define a blowout day as 10%+. Today ARHS (Arhaus) had a blowout earnings. It looks pretty good but it is in the home furnishings sector and that sector has gotten hammered so it could be risky. I bought some at $8.70 and it didn't go anywhere but the market was down most of the day so it might do okay. It did cross above the 50-day SMA so that's a positive.
Yes, it's one of my plays. I'll do my dd and find stocks with a good track record and will likely beat. I'll play the run up but I won't hold through earnings. The ones I will hold thru earnings are the highly shorted stocks. If they have a surprise beat then they'll have a nice pop and if they don't the shorts usually won't take it down much further. I use no charts with these kind of plays.