NVDA Trade on Nov 12, 2018 09:36 from boldandnuts: Tradervue User Stock Trades.

Gravatar

Shared by
boldandnuts

 

Searching for a Bottom in $NVDA
I traded around a base position in NVDA but should have just taken all off whenever I saw fit. Really did not expect the market to sell off for the whole morning. 

My levels for support were 201 195 193 and 189. The 189 finally held in the afternoon and was my most important. At the beginning of the day I did not expect it to even get there.

For a starter I used the spike and bounce of 196 and took a quick profit into 198. 

$NVDA did not head higher and sold off further. Below 195 I added back for an average of 195.50 where $NVDA found resistance and reversed lower. My target of 196 was not touched.

At the next support of 193 I was impatient and added too early for an average of 194.64 and possible resistance of 195. Here I took of bigger part with small profit and VWAP 196.75 in mind as target.

195 held and NVDA sold below 193 where I added back again for an average of 193.58. $NVDA remained weak and tested 194 twice. When it looked like it would drop again I took off half again. 

$NVDA respected the 193 level and formed a Backside-Trade that I did not add back at. Failure! Not even on the 2nd retest as I did not trust it and stuck to my small position. 

$NVDA ran up to test 195 where I took a partial. 

Impatient as I was I did take off the rest when it seemed to drop 194 as well on a small pullback. My exit turned out to be really good as $NVDA failed to make it higher and just put in a lower high to sell off into 189.


Execution detail:

Date/time Symbol Side Price Position
2018-11-12 09:36:00 NVDA buy $196.780 long
2018-11-12 09:36:00 NVDA sell $197.880 long
2018-11-12 09:43:00 NVDA buy $194.800 long
2018-11-12 09:51:00 NVDA buy $193.400 long
2018-11-12 09:55:00 NVDA sell $194.930 long
2018-11-12 09:55:00 NVDA sell $194.690 long
2018-11-12 10:03:00 NVDA buy $192.780 long
2018-11-12 10:18:00 NVDA sell $193.605 long
2018-11-12 10:28:00 NVDA sell $194.830 long
2018-11-12 10:32:00 NVDA sell $194.200 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in