Shared by
boldandnuts
A Top Reversal in $NVDA
$NVDA made a bigger move up and came close to my resistance levels I had marked down at 207.50 and 209.
I opened a starter above 207.5. A bit too soon as I placed a limit order without watching the tape.
Started to do so when NVDA came closer to 209 where I pretty much hit the high for a good average.
Mistake: not to add back after hitting a perfect partial at the low of the move into support.
Second Mistake: Taking off the trade at break-even instead of adding back size for the selloff.
Excuse: I was busy with TTD and in panic mode, not having much confidence left for another possible disaster in case NVDA would make a run high.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-09 10:37:00 | NVDA | sell | $207.800 | short |
| 2018-11-09 10:39:00 | NVDA | sell | $209.080 | short |
| 2018-11-09 10:44:00 | NVDA | buy | $207.570 | short |
| 2018-11-09 10:50:00 | NVDA | buy | $207.890 | short |
| 2018-11-09 11:00:00 | NVDA | buy | $208.450 | 0 |
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