An earnings date is not a reason to exit a trendNVIDIA CorporationBATS:NVDARB_TThree scheduled reports on this chart. The stock fell the next day on all three. It's still well above where it was before the first one. That's the whole lesson and most people get it backwards. The reaction day and the trend are two separate questions, and a scheduled event answers the first one only. Run it through the three gates. Gate 1, trend. Is the higher timeframe still pointing the way it was? A report doesn't change a trend, it tests one. If the structure is intact the day after, nothing has actually happened yet. Gate 2, momentum. Did the move that followed continue in the direction of the trend or against it? On this chart, all three reaction days went against it and all three got absorbed within weeks. A one-day move isn't momentum, it's repricing. Gate 3, risk. This is the only gate a scheduled event genuinely changes, and it changes the size, not the decision. A gap doesn't respect a stop. It can open straight through it, and you get filled wherever the market reopens. So exposure into an event is set by position size and nothing else. That's the part worth taking away. Sizing is the tool for an event. Exiting is not. Stepping out the night before and buying back after the news feels like risk management and usually isn't. The money goes into the same instrument the next morning at a worse price, the risk comes straight back with it, and you've added a second decision you now have to get right too. Plan the stop before you're in. Set the size so a bad night is survivable. Then let the calendar be a calendar. What's the last position you closed early just because a date was coming up?