NVDA is currently sloping downwards and trading below the Point of Control (POC), indicating a potential signal for a short market trend. Caution is advised for those who are long on the stock. Additionally, resistance levels have been rejected, adding to the bearish sentiment. take your profit and wait to buy back lower.
@Alphamoney870, fantastic no need to worry if you hold a long term. I’m play day trading go by week by week .
AmyThongbai
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@Alphamoney870, yes, put all the day take money and run this morning, $4,000 profit
straightshottozero
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@AmyThongbai, Got out with 8.3 but then blew 2.7 to hell in the last 5 days by totally over playing the down swing with shit stop loss and no guts, should have hedge my bouncing cats would have walked away a winner instead of a wiener.
AmyThongbai
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@straightshottozero, It's tough to see potential gains slip away, but it's all part of the learning process. Reflecting on what went wrong and how you can improve your risk management and decision-making for future trades will help you bounce back stronger. Keep learning and refining your approach. You've got this!
straightshottozero
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@AmyThongbai, Thanks Amy really appreciate it. I'm doing my best to learn from it. It certainly hit me psychologically in a way I was not expecting it to clobber me in the way that it did. It left me with a deep feeling of inadequacy and sense to I'm just a damn fool. I believe though that it's deeply internalised an issue I had with placing appropriate stop losses and being ready to invert my beliefs around what the hell I think a stock is doing so hopefully it was a few thousand dollars well spent. Dusted myself off yesterday and jumped into pre-market. Nailed my strat but had weird latency issues adjusting my TP/SL on the fly and minimised my gains and then maximised my losses hahaha came out of 3 trades with 2 wins and a loss that left me 0 which was pretty amusing but I also found some lessons in that. Poor setup on software, potential broker issues with execution time and latency so although it was a wash it's given me some confidence back and hopefully I keep developing.
AmyThongbai
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@straightshottozero, It sounds like you've been through quite the rollercoaster, but it's impressive how you're analyzing and learning from your experiences. Recognizing areas for improvement, like adjusting stop losses and being flexible in your beliefs, is a significant step towards growth. Keep learning, adapting, and refining your strategies, and you'll continue to progress.
AmyThongbai
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@straightshottozero, It's admirable that you're willing to share your experiences and knowledge to help others, even when you've faced challenges yourself. Mutual learning and support can be incredibly valuable in the trading world. Keep persevering, and remember that every setback is an opportunity to learn and grow.
Alphamoney870
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@AmyThongbai good stuff im holding in profit regardless but well done
straightshottozero
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Taiwan earthquake will impact semiconductor delivery. Duration unknown but it's not looking grand. I've got surface level info atm. Waiting for a friend in Taiwan in semi to htmu with a ground level view of the disruption. They were formally with Applied and have 20 years experience in foundry related shenanigan's so it could be interesting... If equipment damage has occurred it could give LAM, Applied, Tokyo Electron et al a bump. At a minimum there's going to be a big up tick labor spending as the technicians get called in to evaluate it all. Those foundries are hella temperamental beasts. The level of clean the water needs to be is truly insane. The tinniest disturbance can totally ruin huge runs of waffers. A small amount of dust and I mean really small got into a facility in the UK in the early 90s. Took 18 months to figure out what was killing their yields and they went bankrupt and that basically destroyed semiconductor manufacture in the UK.