Thursday, January 9, 2014

Earnings Play - Risk of keeping stocks overnight

It is rewarding and one can find themselves at a big loss if one keeps a stock overnight during its earnings. NFLX has done very well during it's earnings but look at BBBY today and you will see it has fallen over 9% pre market and if you had the stock before the earnings, you just lost a big amount.

I do not like to hold stocks overnight especially if it is close to the earnings period. I am a pure day trader who also does swing positions but not close to the earnings calendar.

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