A lot of stocks dropped off the update today because their earnings are getting too close, so…
-If you played a stock and it made a pre-earnings move, you should be out or very small, unless you’re an ABC earnings trader (see: below).
-If you played a stock and it didn’t move, the risk/reward is no longer favorable now that earnings are close.
Banks pulled back today and it will be interesting to see if that is temporary, and if so, how long it will last.
AMZN was the trade of the week - good for 160pts since first alerting in Discord yesterday morning.
On the run-up to an earnings announcement, it’s best to close out your position unless:
A. You’re day trading.
B. You are comfortable taking a binary risk
C. You have a long-term outlook on the stock
Please read the disclosures at the bottom of this page.