Shared by
boldandnuts
Scaling in and out of $NVDA for a Bottom
Same procedure in $NVDA. $NVDA was really weak however.
I had 198 193 for support and 204 and 207.50 for resistance marked. Here I also did not like the chop out of the open and did not take the short at 207.
When it came close to bounce off 200 I watched it and retest to sell below, find support and opened a starter as it broke back above 200. Great Entry. Took partial at 201 the local high beore it sold off further.
$NVDA sold off further to test previous days close at 199.31 to the cent. I added back on the way above 199.50, but took profit too early at 200.50, but more at 201. Unfortunately i did not take off all.
$NVDA eventually really sold off to find a bottom at 193. With many attempts higher. I trade well buying into the lows and covering into pullbacks without that final pullback into VWAP :-(
Managed the trade very well and very calm :-)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-11-14 10:15:00 | NVDA | buy | $200.036 | long |
| 2018-11-14 10:19:00 | NVDA | sell | $200.960 | long |
| 2018-11-14 10:27:00 | NVDA | buy | $199.627 | long |
| 2018-11-14 10:28:00 | NVDA | sell | $200.450 | long |
| 2018-11-14 10:29:00 | NVDA | sell | $200.890 | long |
| 2018-11-14 10:38:00 | NVDA | sell | $201.830 | long |
| 2018-11-14 12:15:00 | NVDA | buy | $197.850 | long |
| 2018-11-14 12:22:00 | NVDA | sell | $198.824 | long |
| 2018-11-14 13:00:00 | NVDA | buy | $196.166 | long |
| 2018-11-14 13:01:00 | NVDA | sell | $197.000 | long |
| 2018-11-14 13:10:00 | NVDA | sell | $197.280 | long |
| 2018-11-14 13:44:00 | NVDA | buy | $194.529 | long |
| 2018-11-14 14:02:00 | NVDA | buy | $193.380 | long |
| 2018-11-14 14:15:00 | NVDA | sell | $195.290 | long |
| 2018-11-14 14:15:00 | NVDA | sell | $194.860 | long |
| 2018-11-14 14:20:00 | NVDA | sell | $195.141 | long |
| 2018-11-14 14:32:00 | NVDA | buy | $195.550 | long |
| 2018-11-14 14:34:00 | NVDA | sell | $195.900 | long |
| 2018-11-14 14:36:00 | NVDA | sell | $196.050 | long |
| 2018-11-14 14:48:00 | NVDA | sell | $196.340 | 0 |
Comments
boldandnuts
Actually, no. If you split it up, it was a total of 5 trades to the long side, but many executions. I grant you that.
The trade has been positive with around 30cent of gross profit per share traded.
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That is a lot of trades. Overall green or red how much?