Please advise approximately how close to 'Earning Date' before you consider not to trade.
We advise members against trading a stock in the few days (a week) before earnings unless you are trading Guys specific pre-earnings or volatility strategies.
If you are in an existing profitable position approaching earnings you can choose to let it run, if the conditions suggest that it will remain so; or de-risk by closing out part of the profits leaving a smaller position on the table; or close out completely and look for a new entry post-earnings if applicable.
Closing out completely is the option for maximum safety in case of a gap at earnings not in your favour, but you may miss further windfall profits on a gap in your favour, or if the ticker keep moving your way. Carefully consider your position and the options available to you. Your written Trade Plan should assist you with regard to your personal risk tolerance.
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