NVDA quick flip - LONG at 133.23NVDA is still the leader in AI chips. AI is not going away. For me, the rest is just noise.
Chart-wise:
-It bounced off its closest support level (and has lots more support below that), closing near the highs of the day along with the market overall.
-It's still within its uptrending regression channel.
-4 down days is a routinely profitable short term trade setup
Finally, 700+ trades in my algo hasn't led me astray on NASDAQ:NVDA yet, so I'm betting that it isn't now.
For all you HODLers, just ignore this idea - it's not for you. I'm not married to NVDA, I'm just here for a quick flip. I'll add more as long as my algo deems it worthy, and I'll sell any purchased lot as soon as it is end of day profitable. My profit target is simply green - however much the market sees fit to provide me.
Note: not all the trades shown on the chart used this exit strategy, so don't expect to see +20%. This is a take your money and run market, imo.
This is just a commentary on what I'm doing and why. DYOR and only make trades that are sensible given your individual situation. And PLEASE don't over leverage, kids. It's asking for trouble, especially in a jittery market like this one.
Lots currently held:
Lot 1 - 133.23
