I started selling this week, and sold all before the actual earnings report making a good 50% return. This was a decent trade. However earnings was a monster. Up nearly $15 or 14% in the stock alone. The current call has a bid/ask between 30 and 32. Had I held on through earnings, that 50% would have been 250%.
My original $3.4k position would have been $12.0k instead of my $5k. But there's no need to be emotional about missed gains. I stayed disciplined and stuck with my plan and reduced my risk before earnings. My goal is capital preservation, and if it accelerates in this melt-up, so be it, but that is not the point.
Stay sober in this drunken stupor of a market.
Happy Investing and God bless!
