NVDA Trade on Apr 1, 2024 09:30 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open

• Not much on the premarket jumping out at me other than TSLA and NVDA trading closely to the PD levels. NVDA testing the PDC and honestly it could have gone either way so my edge was to watch the opening market action and make a decision on which side was winning. Upon opening the price action held the PDC momentarily but lost it strongly and even below the PDLow. Interestingly the price action broke down very strongly and in the same candle squeezed out the short sellers forcing them to cover and drive the price back up to the PDC and higher to break the opening range to the upside. First entry on having seen this. Second entry on the following candle opening, breaking down as to lose the PDC again but same action with the squeeze back up to close towards the upside, clearly some very nice support and bears holding the area. Stop was below this range break around 902 and the minute after the price action let up and broke out. First partial on the break out, rest on break into the range again. (Based on my march month review many of the trades I take that break out of mini ranges just to break back into them usually reject immediately) In this case it didnt necessarily break into the range with significance to reject it, the mistake I made here really was not allowing sufficient wiggle room, otherwise the trade would have worked out fine after the minor pullback.

Reflection

- 3 indicators? Yes, candle movement mostly indicated upside support and downside resistance, tape flow also added support on the decision, I would do the same again.

- Scaling? Additional entry called for on the retract retest above PDC again, appropriate size.

- Partials? At first break out, rest at exactly the range rebreak -_-

- Risk management? Proper entry, proper position size, mistake here was a very exact stop.

- What went right/wrong? Trade idea and trade execution was fine, I had the right idea, placed too tight of a stop (appropriate placement but not enough wiggle room for volatility)

- Successful trade? Yes.