NVDA Trade on May 20, 2019 09:40 from MarcoG: Tradervue User Stock Trades.

Set-up : Down-trend Continuation
Symbol Name: NVDA
Side : Short
Size : 10
Entry : 151.55 (Below pre-market low of 151.75)
Takes :
Exit : 153
P/R :

Comments: I had on my watch-list TSLA, MU, QCOM and NVDA. NVDA as well as FB, MU, AAPL and 50% of the NYSE, NSDQ and ARCA was gapping cause of the SPY. Not a real catalyst on this stock.
TSLA dropped 5$ with no pull back so basically I didn't have any entry signal. MU chopped around for the entire trading session. QCOM same thing for MU and then there was NVDA :)

When it doesn't work, doesn't work! The summer season seems to be already arrived. Choppiness is what you see on most of the stocks. It's almost impossible to spot a decent move unless you trade on the 1 min right out of the gates. But this is not my strategy. I don't open positions above pre-market lows thus even if I wanted to short the 153.5 I didn't cause is breaking my rules, same for the 3min ORB and 5min ORB, if above pre-market lows or below pre-market highs I don't enter. This is let me miss soooo many trades but as-well protecting me from whip saw action at those levels.
In this period of the year is needed extreme caution and self control. It's true we make less money or not at all but first rule ever don't lose your capital or you won't even have the opportunity to learn!
A common thing in trading is that the trader loses money in the learning period. So he is learning but cause he is also losing money by the time he will be ready to trade professionally his capital will be gone! Give yourself time to learn considering for the first months only your losses and let the profitable trades run as much as you can!
This month I had already 3 scratch trades, all possible winners but I HAVE TO STICK TO MY PLAN!!

I have added to my trading routine back testing a MA's cross strategy that I have been studying lately. I am paper trading those positions before using real money. This would be a swing strategy for trades that would last at least 2, 5 days accordingly.
I will try to load some of them for me to track the progress.

Have a nice trading week everyone and keep it up!!!!!