The world is not ending (yet). NVDA is down a little over 12% since the beginning of November and everyone acts like it didn't have drops of 20+% in August/Sept and 25ish% in July.
Normal state of affairs for NVDA, so I'm a buyer here. Beware, though. While my algo is historically undefeated on NVDA, it has also gotten me into FAST, APD, CR and some others lately that are acting like absolute dogs. I'm sure they will work out in the end, but these trades would test the patience of most - they're testing me and I know how the story ends already. I'm hoping this trade breaks that ugly streak I'm on rather than joins it. Fingers crossed...
I'm adding as long as the algo says it's a buy and I'm selling any lot on its first profitable close. Same plan as usual. Side note: most of the trades shown on the chart used a more aggressive exit strategy than this does. Closing out on the first profitable close for a lot works especially well when a trade entry is part of a downtrend. The trade should close more quickly, but generate a smaller win when it does.
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.
註釋
OOPS I forgot to put my entry price in. See below.
Lot 1: 130.315
Also, 4 consecutive down days (today is day 4) is usually a good trade in NVDA too, btw.
交易進行
Sorry for the late update, but yesterday was a long travel day and I was just too tired to mess with all this last night. Still calm. Still buying. Added another lot of NVDA just before the close at 128.66.
Lot 1: 130.315
Lot 2: 128.66
交易結束:目標達成
Sold both lots at 130.97 just before the close today.
Lot 1 = +.50% in 2 days
Lot 2 = +1.8% in 1 day
It was nice for something to act right these last couple of days. Nice quick return, just like I wanted. See ya next time, NVDA!
註釋
Trade summary for my records
Wins 2
Losses 0
Average gain per lot = +1.15%
Average holding period per lot = 1.5 days
Average gain/lot/day held = +0.77%
Annualized return per lot = .77% x 252 = +193%