NVDA Trade on Oct 24, 2018 10:03 from boldandnuts: Tradervue User Stock Trades.

Missing the Party in $NVDA

Together with my bias for a bounce and rally in the market I had NVDA on watch to follow.

My Levels for that were 217 (former day low), 214 pivot and the gap entry at 204.
Above I had 224 and 227 as areas of resistance marked. Especially 224 was of interest as $NVDA rejected that level in the prior session on several occasions.

My first entry was way too early. After 217 broke I had 214 in mind, but when I saw what looked like 215.50 hold, I bought a starter. Just to see it sell off further.

As I thought I would not get filled at 214 I moved my order to 214.50 and caught pretty much the low with 216 in mind as target1 and an average of 215.19.

$NVDA spiked above 216 and I took off half and luckily another half off as it broke 216.

Now I had a real test of 214 in mind and already placed a limit order here to eventually move it to 214.50 and a double bottom. Bad call!

$NVDA dropped straight below 214 and with another pivot above 213.60 I added more for an average of 214.38 and 215 target on 38 shares.

$NVDA dropped further until it looked like it found support above 213. Another add for an average of 214 and target of 215.

$NVDA did not find a bid. It dropped further with the market as a whole. My position was still ok with a total of 53 shares and I wasn't worried as my average was still good and far from VWAP and final target.

210 was the next line in the sand, but when the selling speed increased in $NVDA after a short stop at 212.50s I used the drop of 212 for an entry and caught the bottom!
At the time I watched the level2 closely and saw the bids and offers stop below 212 for a moment and when the offer came back above 212 I got a good fill by moving my bid order up cent by cent until filled. Average now 213.50. Target1 to reduce size below 214.

As there was resistance at 214 and $NVDA stopped there I took two partials. Just to lock in some profits and wait for an eventual retest, lower high and backside trade.

With my Exits I hit the highs of 214 and $NVDA sold off, but did not make it down as far as I wanted to feel comfortable for another add. I had below 212.50 in mind. $NVDA however found support at a level it recently respected just below 213.

The next Target in Mind was 215. When I saw it hesitate at 214.50 I took another partial, just to stop out the last piece on a fakeout before $NVDA made another attempt for my target at 215.