Shared by
quanphan135
The set-up: Momentum Fade
$NDVA – NVDIA CORP COM - Stock In Play bad earning
•Nvidia (NVDA) announced its fiscal Q2 earnings after the bell on Wednesday, missing on earnings per share and falling short on Q3 forecasts amid a slowdown in PC and gaming sales following the explosive growth the sectors saw in 2020 and 2021. Here are the most important numbers from the report compared to what analysts were expecting
•Net income for the company fell 72% year-over-year to $656 million. Shares of Nvidia were down more than 2% following the announcement.
•Nvidia also announced Q3 revenue projections that fell short of expectations, saying it will bring in $5.9 billion in the quarter. Wall Street was looking for $6.9 billion.
•Nvidia released its preliminary earnings on Aug. 8, warnings investors that the company was going to miss on its own expectations for the quarter as gaming sales continued to plummet.
What I did Right: I pick stock in play
What I did Wrong: Market was so strong, overall bullish, I tried to SHORT at vwap retest but failed.
Where I could improve:
Should respect more price action even it NVDA had bad earning.
Trade grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-08-25 09:49:43 | NVDA | buy | $170.670 | long |
| 2022-08-25 09:49:47 | NVDA | sell | $170.710 | 0 |
| 2022-08-25 09:51:26 | 26 AUG 22 175 PUT | buy | $5.750 | long |
| 2022-08-25 09:51:53 | 26 AUG 22 175 PUT | sell | $5.950 | 0 |
| 2022-08-25 09:53:58 | 26 AUG 22 175 PUT | buy | $5.900 | long |
| 2022-08-25 09:55:00 | 26 AUG 22 175 PUT | buy | $5.500 | long |
| 2022-08-25 09:55:42 | 26 AUG 22 175 PUT | sell | $5.050 | 0 |
Comments
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NVDA's price action is so hard to get a read on. I lost on it as well friend. Youre still a phenomenal trader.