LIVE NOW: AMAZON REPORTS EARNINGS 2026
In a Nutshell
Amazon bought the dip on 150 shares (~$32K) ahead of earnings, then cut the position in half after a 20% post-earnings drop despite beats in EPS and revenue. The speaker stresses position sizing to risk tolerance, noting volatility demands smaller dollar amounts and limit orders in extended hours. Support at QQQ 700 is critical; breaking it signals further downside risk.
These notes were generated by AI and may contain inaccuracies.
Markets are set to close at 12:55 PM on October 29th, 2026, with Amazon scheduled to report Q3 2026 earnings. Google had a difficult trading session, down significantly from recent highs. The speaker purchased Google shares as a potential dip-buying opportunity, noting that the stock appears oversold but acknowledging it could decline further. Current Google trading range shows highs of 287 and lows of 244. The speaker sold 100 shares of Google to manage volatility exposure and plans to potentially re-enter once conditions stabilize.
The speaker emphasizes that beginners should avoid blind buying and instead understand that "the cheap can always get cheaper." Key reminder for new investors: position sizing and risk tolerance are critical when buying dips. The speaker notes that being comfortable buying dips requires accepting that positions may decline further before recovering. This mindset helps prevent emotional trading and sets realistic expectations about volatility.
Amazon is scheduled to report after market close with expected EPS of $1.96. Revenue expectations are referenced but specific figures not provided. The speaker notes Amazon is already down 4.2% for the day and expresses concern about potential additional selling pressure if earnings disappoint like Google's results.
The speaker addresses market volatility directly, asking viewers about their experience with recent market movements. Key advice: "If you're not afraid to buy the dip, then you're not afraid to get better." However, this must be balanced with understanding that "things can always get worse." The speaker stresses the importance of position sizing and exposure management, noting that beginners who expect immediate recovery may be spooked by continued volatility.
The speaker has multiple software platforms open to monitor earnings reports including Amazon, Intel (INTC), and SanDisk (SNDK). Amazon is positioned as the primary focus, with other stocks monitored as they report. Intel is noted as trading at poor price-to-earnings ratios and losing significant money while investing heavily in AI initiatives.
Markets officially closed while the speaker was eating lunch. The speaker mentions Intel and SanDisk reporting alongside Amazon, with MSTR (MicroStrategy) also referenced though the speaker initially jokes about their reporting schedule. Bitcoin holdings above $80K are noted as positive for MicroStrategy.
Intel experienced a 10% selloff with a market cap of $2.63 trillion. The speaker notes Intel doesn't trade based on fundamentals, mentioning the company has a "terrible P/E ratio" and loses substantial money. The stock's recent performance is attributed to Trump promotion and AI partnerships rather than business fundamentals. The speaker describes Intel as an "old company" that gained momentum through political promotion, calling it potentially a "bullshit business" in terms of actual value creation.
The speaker purchased an additional 50 shares of Amazon, bringing total position to 150 shares valued at approximately $32,000. This is described as a "risk to reward play" with the explicit caveat that the decision doesn't mean others should follow. The speaker emphasizes trading with amounts they can tolerate and notes Amazon reached 19% in the red during the session.
Amazon reported an EPS beat and slight revenue beat, which the speaker considers positive. However, the market reaction suggests the guidance may have disappointed, as the stock dropped 20% despite the earnings beats. The speaker notes this reaction is "not normal" and indicates the market is responding to forward-looking guidance rather than current quarter results.
After Amazon's initial drop, the speaker reduced position to 75 shares worth $16,000 while maintaining some exposure. The stock showed recovery momentum, moving from 20% losses toward smaller declines. The speaker warns that "trading after earnings is not guaranteed" and emphasizes the extreme volatility, noting positions can recover quickly or give back gains just as rapidly.
The speaker contrasts typical trading sizes (often $50,000-$300,000) with the much smaller position sizes used during this volatile period. Amazon position was managed with only a few thousand dollars to respect the risk level. The speaker sold the remaining Amazon position after the volatility subsided.
Amazon ultimately beat both EPS and revenue expectations, with the speaker noting they "reported in a quarter of what they made" compared to previous periods. However, the stock remained down 7% despite the beats. The speaker identifies this as concerning for future market direction and mentions the need to prepare for the next trading day.
The speaker purchased 100 additional Google shares at $282 during extended hours trading. This is presented as another dip-buying opportunity with the standard disclaimer that personal decisions don't constitute recommendations. The speaker notes using Webull platform for extended hours trading and emphasizes that beginners should avoid extended hours due to volatility.
The speaker observes that many stocks are moving like meme stocks with extreme volatility. Key advice: when volatility increases, position sizes should be reduced accordingly. The speaker notes that dollar amounts previously comfortable may need adjustment when stocks exhibit higher volatility patterns.
QQQ (Nasdaq tracking ETF) is identified as critical with support at 700. The speaker warns that dropping below this level could indicate significant further downside. Current support levels are being tested with the speaker noting this is "still very early" in the recovery process.
Intel is described as having rallied 400% before the current 20% discount. The speaker notes that Intel's performance has been driven by momentum rather than fundamentals, with the Trump promotion creating a "pump and dump" scenario. Current trading levels around $77 are compared to previous support at $80-85. The speaker indicates the stock is oversold enough to avoid shorting but carries high risk for new positions.
Multiple warnings issued for beginners about extended hours trading: cannot use market orders, must use limit orders, second wave of volatility possible during earnings calls, and greater risk overall. The speaker emphasizes that Amazon earnings report was followed by earnings call, which could trigger additional volatility.
The speaker promotes their YouTube channel with over 5,000 free videos and mentions the LPP (Live Position Trading) team program. Key program benefits include daily live trading sessions at 9:30 AM Eastern, archived sessions, lesson library, and Discord access. Current promotional pricing makes it less than $1.30 per day for October. The speaker emphasizes that structured learning helps prevent repeated mistakes.
The speaker stresses that "no one can predict the future, but everyone can prepare for it" through proper risk management. Key principle: don't overexpose during uncertain times. The speaker notes that bull market gains can be erased by single poor trades without risk management, especially when using margin or leverage. Position sizing discipline is presented as essential for long-term success.
Webull trading platform is recommended as the speaker's choice for extended hours trading. New users signing up through referral links receive entry into weekly $1,000 drawings held every Sunday, requiring qualified deposits of $5-$100. All links and promotional information are provided in the video description.
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