NVDSNice to meet you. SEOVERIGN - This is SeoVerign.
ETF that follows NVIDIA by -1.25X.
Upload a new idea in conjunction with the idea that NVIDIA expected to fall.
NVDS trade ideas
Inverse NVDA ETF at Major SupportComplimenting the possible topping pattern in NVDA, NVDS is now at major supports.
As a general rule of thumb when a 1.61 of the last upswing breaks the 2.20 zone is a good target. It can go a bit further but this is where the trade becomes more risky.
In times the 2.20 acts as support the 1.61 is retested and often the 1.27 spiked out.
Note, this happens a lot even in bear trends. Meaning NVDA could be overall due to go significantly higher and a pullback from this level would still be implied.
The case for NVDA being at make or break levels is improving. Optimism is high with the recent earnings beat and 15% gap up, but these are things you can find at various big highs.
Being a bear has a lot of risk to it when we can make big gaps up (I had a short from 730 go from a big profit gapped to being down. Entries lower did far worse). It's only worth doing with capped risk puts you can happily lose or if you have very good methods of stopping out and managing positions (And even this has the gap risk if unhedged).
But the case for the bear trade here is good. We're at a confluence of big resistance levels. It's just imperative to position in such a way that accepts the gap risks.
$NVDS - Bear ETF of NVDANVDS is a bear ETF that goes opposite of NVDA.
In a sideways channel range, while NVDA is very extended. This would be a great way to hedge a portfolio against a pullback in relative strenght.
NVDS long / NVDA short. We all watchin this..NVDS inverse head and shoulders / NVDA head and shoulders. Frothy nonsense with AI / seasonality / short squeeze / blah blah blah. Short the tech ponzi and long the inverse. Trade of the quarter. Only need 1 good one. Tight stop. Take time on options.
NVDS | How I Short Nvidia | LONGUnder normal market circumstances, the adviser will maintain at least 80% exposure to financial instruments that provide one and a quarter times inverse leveraged exposure to the daily performance of NVDA. The fund is an actively-managed ETF that seeks to achieve on a daily basis, before fees and expenses, -125% performance of NVDA for a single day, not for any other period, by entering into one or more swap agreements on NVDA. It is non-diversified.
