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PlanTradePlanMM
May 26, 2023 8:45 PM

NVDA Long Long

NVIDIA CorporationNASDAQ

Description

Earning 4/25/2023
Measuring GAP, target 820
Fib. extension 1.618, target 490
possible ABC pattern, Rally-Base-Rally.

buy 390
Stop 366
Target 490

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Trade active

BuyToOpen 2023 Aug Call butterfly C480/520/560
Limit 2.00

No Stop in Option, 2.00 is the hard stop, which is the max loss.

Trade closed manually

closed 4.15
Comments
amaloyz
quantisnow.com/insight/4568780 10 billion offering , 10% drop soon next week
PlanTradePlanMM
@amaloyz, thanks for the information. I have another short trade. hope it could go down quickly. This trade is an insurance, in case NVDA goes crazy,
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