Looking at TSLA's earning report due in 2 days, I had an idea:
What if you set your Stop Loss to a 0.5-1% below the current stock value just before the earnings report? If it is a positive earnings report, the stock price may rise. If it is negative, your losses will be kept to a minimum.
Would this, done over a long period, result in gains? As any losses from any earnings report would be capped, while being outweighed by the uncapped earnings potential from positive earnings reports.
I've tried looking online, but can't find anything readily available on this hence I assume it doesn't work? But thought I'd ask!
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