The Motley Fool Discussion Boards

Previous Page

Stocks A / Axos Financial (was BOFI)


Subject:  Re: Even a blind squirrel Date:  8/4/2016  8:30 AM
Author:  newmsa Number:  129 of 171

The real question is why did you buy this stock?
A. Were you investing - wanting to hold this stock for long term?
B. Were you trading - trying to time the earnings release to get a favorable result?

If your answer is A - then don't sell (duh)
If your answer is B - the event you were trading on has happened, it is now time to sell. Since it went up, this was a good trade.

Done. The standard wisdom is to not covert investments into trades AND not covert trades into investments. So the answers to A & B determine if you should sell or not.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us