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[Platinum Sell alert] (7.26.23) 1 stock with 4.2% Gains
[Platinum Sell alert] (7.26.23) 1 stock with 4.2% Gains
August 22, 2023
PAPER TRADE ONLY
SELL ALERT: BAX – $48.83
BAX will announce earnings tomorrow. Per my trading guidelines, I exit a position prior to earnings. It is important to note that there is no guarantee that the price of a stock will move in a particular direction after an earnings announcement.
However, by exiting their position prior to the announcement, swing traders can avoid the risk of reduced gains or significant losses. Some traders remain in the position with the idea price action will rise after earnings.
The gain on this paper trade was 4.20% or $197.00 for a 100-share position.
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