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Jack Carter

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JACK CARTER

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Someone asked me the other day about Samsung Electronics (SSNLF).

And look, I get it. Samsung’s a well-run company, the products are solid and the business model makes sense. On paper, it looks like the kind of name you’d want to trade.

But I don’t touch it. And it’s not because I don’t see the opportunity — it’s because I have one hard line when it comes to foreign stocks, and it all comes back to one thing: accounting.

I don’t do anything with foreign stocks because I don’t even believe the accounting here. I definitely don’t believe the accounting overseas.

When you’re trading a stock, you’re betting on the numbers — revenue, earnings, cash flow and margins. But many foreign companies don’t follow the same accounting standards, and they don’t have to.

I’ll take foreign exposure via ETFs sometimes, but only because then I know the rules the fund has to follow. That’s the only way I’m comfortable stepping outside U.S. borders.

I Don’t Believe the Numbers

I’ve been doing this long enough to spot when something smells off. With a lot of foreign companies, the reporting just isn’t something I’m willing to rely on.

There are plenty of European companies with questionable financials too. We’ve got enough noise here to worry about without adding another layer of uncertainty.

Yeah, accounting here has its own issues. Companies play games with how they report earnings — it’s a mess. But at least I understand the framework.

I know how to read through the noise and figure out what’s real and what’s window dressing.

Even Domestic Accounting Is Trickeration

Don’t get me wrong — the U.S. system isn’t clean. Not even close.

But the rules here are established, and there’s oversight and structure behind how companies report.

I’ve spent decades learning how to navigate that system and interpret what’s actually happening beneath the surface.

It doesn’t matter for trading — story, fundamentals, none of that matters if you can’t trust the underlying numbers.

With foreign names, I don’t have that edge. I don’t know the local rules, how auditors operate or what gets swept under the rug.

And I’m not about to start guessing.

Samsung might be a great company. But if I can’t trust the scoreboard, I’m not playing the game.

Stick to what you can verify. Protect your edge. There are thousands of ways to make money right here at home.

Trade well,

Jack Carter
Jack Carter Trading 

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Disclaimer: We develop tools and strategies to the best of our ability, but we can’t guarantee the future. There is always a risk of loss when trading. Past performance is not indicative of future results. From 1/1/21 through 4/2/26, the average return per options trade alert published in real time (winners and losers) is 3.37% in 3 days, with a 96.2% win rate.