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Trading early in the NZ morning, to catch the US open, engenders mistakes. GOOG reported earnings yesterday – I thought, before the market open. Errr, no, after the market close.

The result, going short into earnings and then GOOG reporting good numbers. Recipe for disaster, absolutely yes. GOOG gapped $40 higher than my short position at $750.50.

Currently coming back in, but it’s going to take a miracle to make money on this trade. Ironic that after so many ‘earnings’ trades, I get caught in ‘earnings’.