NVDA... don't be that person

BE patient my friends. If you are not in NVDA             bullish already - you've missed it. This - on a technical chart is a TERRIBLE place to go bullish .............

Thanks for helping us Enrich Lives!
I take it you've never looked at AMZN's chart. NVDA's price is 3x what it was 8 years ago. AMZN's price is 10x what it was 8 years ago. Two completely different companies and industries, but the point is that just because a growth stock has insane growth, doesn't mean it will stop growing any time soon. I agree with you that the risk is high, but sometimes the higher the risk, the higher the potential reward. I primarily invest in value stocks, but just wanted to add another viewpoint.
Reallifetrading stevethemacguy
@stevethemacguy, I appreciate the other viewpoint. All I'm saying is... trend is WAY to steep to buy here. Since you are brining up AMZN, I FULLY agree that NVDA can go higher years from now... but why 'try' and buy up here in hopes it does? Why not wait to buy a dip? Here's a few instances when AMZN looked very similar to how NVDA looks now. & & & (which is almost an identical image). Either way.... ALL of these examples, had you waited just a few more months, you could have bought AMZN MUCH MUCH cheaper than it was and wouldn't have had to hold through such massive pain, anguish and losses. ;-) Just my ulterior take.
stevethemacguy Reallifetrading
@Reallifetrading, True, but it all depends on whether you're a short or long-term investor. Personally, I wouldn't add more NVDA at this very moment either. I'm waiting for a little dip before adding more, but timing the market is always risky business. As a long-term buy and hold investor, I'm not concerned if NVDA or AMZN come crashing down, because I expect they will eventually return to their current levels (or exceed them). That might take 1,5, or 10 years, but I'm in it for the long-hall.

If I were a short-term investor, I would probably sell some NVDA and AMZN and wait to buy back on a dip. But again, market timing is completely speculative. If you're a long-term investor, it doesn't matter much whether you buy NVDA now or wait for a minor dip. If you believe NVDA's fundamentals and potential for growth are strong (which I do), then the most important thing is just that you buy the stock. Otherwise, you might wait forever and your market timing could completely backfire. You might find yourself in 2025 without any NVDA stock...which might be up to $300. Or, perhaps you finally give in and bought some NVDA at $150 because it kept rising. In both cases you lose for waiting, which is why market timing is a gamble.

Disclaimer: I am Long NVDA and AMZN. I don't trade options and am pretty new to investing in general.
Reallifetrading stevethemacguy
@stevethemacguy, I love the insight. Thank you so much for your perspective! "it all depends on whether you're a short or long-term investor." 100% correct! I fully agree! "timing the market is always risky business" Eh... I wouldn't say 'always'. Because you could always sell puts on NVDA if you REALLY want to own some shares. If it goes higher, you got paid to be patient. If it does come crashing down, you get put the stock lower and again, you got paid to be patient. :-) So, it's not 'always' a gamble to wait in my opinion. PLENTY of strategies out there that simply pay you to be patient. Let's say you NEVER own shares of NVDA. It goes up to $1,000 in the next 5 years. And that WHOLE time you sold puts. Then, you made money and everyone is pleased! :-)

"The stock market is a great dictator between who is patient and wealthy and impatient and broke." - Warren Buffett.
stevethemacguy Reallifetrading
@Reallifetrading, Makes sense. I admit I still have a lot to learn about options and I'm approaching them cautiously. Good quote. I'm reading Graham's Intelligent Investor right now and enjoying it.
+1 Reply
Reallifetrading stevethemacguy
@stevethemacguy, Great book, agreed! :-) I do know of only one company that will teach you about options . Here's one video & here is another one. Let me know if those help or if you have any other questions! You rock Steve! :)
stevethemacguy Reallifetrading
@Reallifetrading, Cool, thanks!
Reallifetrading stevethemacguy
@stevethemacguy, My pleasure!
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