Trump and China is discussing a deal now, it is official. What price target do you think we might have if there is a deal, and a good one. And the chip restriction is softened? Can we see 150 ?
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Trump and China is discussing a deal now, it is official. What price target do you think we might have if there is a deal, and a good one. And the chip restriction is softened? Can we see 150 ?
I made $4,108.58 (100.28%) this month on options and I work in finance. Been trading for 5 years now and was not super successful on options but made a lot during recessionary periods. To my point it doesn't take a genius to follow momentum on the downtrend when there is clear directional movement or to get a good entry when stuff is on sale.
1. This ain't for everyone and you will lose before you get an edge. Can you stomach it?
Only 10% of people who day trade are profitable. Only 1% of people stay profitable over a 2+year period. If you win 51% of the time (assuming you hedge equally on all trades) you are profiting and compounding those gains. Now why would you compound that with so much risk for so little return? This is why people have ROTH IRAs, high yield savings accounts, 401k, etc. You can bet on the market going up over a 10 year period with on average 10% compounding returns. Obviously, there were fluctuations in that period because that's how the market works. My friend has went from $20k to $1m in 5 years with green overal YTD but he trades momentum in seconds in bull markets. The past 2 months he has lost $120k. Loss is only relative I guess. I wouldn't stress over $120k if I had another $880k in the bank.
2. Understand risk tolerance
Not going to explain it you can look it up. Just don't bet your life savings on stuff like it's a casino.
3. You cannot predict anything
Nothing is for certain. You can have the most logical sound idea but you cannot deny the chance of anything happening to affect price action.
"Markets can remain irrational longer than you can remain solvent"
-Gandhi
Did you anticipate Trump lifting tariffs at the exact time and date when he leaked it on TruthSocial unless you were an insider trader? Everyone loses, even the most experienced traders, the only difference is they win more than they lose.
4. Start looking at other tickers
I had 2 weeks of green days until the price action got choppy I lost 2 straight days on
5. Develop a thesis and stick to it. If it fails, adjust accordingly
What works for some people may not work for you. If what people claim on here is true even off 10% gains when hedging $100k at a time is huge but to small portfolios it's chump change for the risk involved. If you can't have unlimited day trades be patient and wait for the right setup and play. I had to stomach violent price action way out of the money in the red until the catalyst I was looking for came. The catalyst I was looking for at the time was so blaringly apparent which in this month's case was tarriffs and the implications it has on bearish sentiment. I see guys on here, yahoo and reddit all spitting their bias at each other and it would chip away at my risk tolerance but I had confidence in my plan. The confidence was developed through source checking information and ultimatley intuition. Intuition is your edge, where luck plays a huge role in your success unless you're confident and always wrong. If that's the case do not trust yourself, if you do trust yourself give yourself a damn good reason to.
1. Increasing trade tensions and market volatility
2. Affecting currency exchange rates
3. Influencing commodity prices
4. Impacting export-oriented and import-reliant industries
Investors should stay informed and consider diversification to mitigate potential risks.