NVIDIALong
LONG NVDA at 135.93 because it's oversold
Updated
There's not really much more to say that I haven't said the last 2 times I cleaned up on NVDA. See my previous NVDA ideas for details. It's a good stock, it's still in an uptrend, it's on sale, and my algo hasn't been wrong yet on it, so why stop now? I'm going long because Black Friday came a little early this year.
_______________________________
Per my usual strategy, I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any price that is profitable.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
_______________________________
Per my usual strategy, I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any price that is profitable.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Trade closed: target reached
Call me a hypocrite but my trading system has rules. First profitable close is a rule and I'm not breaking it even for NVDA. I did the same thing last Monday and it worked out just fine. I'll do it again when I next get the chance, too. NVDA is a good stock. Holding or buying here makes a lot of sense too, but I do what I do. No apologies, no regrets.
Out at 136.94 for a .74% gain in one trading day.
Note
Trade summary for my records
Wins 1
Losses 0
Avg. gain per lot = +0.74%
Avg. holding period per lot = 1 trading day
Avg. gain per lot per day held = +0.74%
Annualized return = 0.74% x 252 = +186%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.