Trade Alert - Short NVDA
Before I begin an explanation of this trade, a brief note to all of my followers:
I have been hinting at the fact that I may wade into trading stonks now for a while. Even though I have been profitable trading only crypto, only long, only non-leveraged, and only in a bear market now for the past year …it’s fricken hard. And quite frankly, a bit exhausting. I have passing up easy, no-brainer trades such as this for years now. Why? I really don’t know. I guess mainly to prove to myself and all of you that I could trade in the toughest environment and still be profitable. But I have done that. And now it’s time to open up the profit valves a bit and venture out into the stonk world. As you know, this is my first publicly disclosed stonk trade. I will be reporting all trades via my spreadsheet per usual for now (unless/until I find a better method). I will continue my dropstab portfolio as well, but that one is limited to longs on crypto only as you know, so check the spreadsheet for a full accounting of all my current trades.
LFG!
And now, about this trade:
Couldn't help it. Far too enticing to ignore. NVDA price will be attracted to that $317 level like a super magnet. Not only do we have a H&S pattern now in play, but we have that huge gap to be filled. I mean, trades like these don't come around every day! It's a no-brainer here.
Not fin advice. Pure entertainment only.
Stewdamus
