NVDA
1) Bought 50 after last weeks weak hands fiasco.
2) Added 25
3) Added 25
4) Got aggressive and added another 25. Typically, NVDA runs last at least two days, so instead of profit taking like I usually do. I added small. I was up 1300$ when I last looked at my mobile phone before getting busy with work.
** I was at work in the middle of a briefing and preparations for our air show. Within the span of the 2 hours I was busy. Citron Research's Andrew Left came out with a report stating that NVDA was being overvalued by the market. As always with Citron's short calls, the market panic'd and down NVDA went. When I came home, I saw 1000$ gone and I closed the position.
At the time, I felt so stupid for not taking profits and really tore into myself. But stepping away and looking back. I could not have predicted a report out by Citron so the add wasn't a bad thing. The thing I really needed to be learned was the minimizing risk during the time I wasn't babysitting the trade. I knew I was going to be busy, I SHOULD'VE downsized and taken at least half the profits. If this was a daytrade, I would've been easily out of the whole trade but since this was a swing trade, I didn't have a set plan to include me being away from the market.
From last week's weak hands, I turned into an aggressive bull. It's crazy how one imbalance can turn into another imbalance on the opposite side of the spectrum. Sigh, anyways.. 1000$ mistake to learn from... **
Shorted NVDA at 155 with a stop at 156 which was a good short since it's at 150 now. But I felt that I was too emotionally sickened by the large unrealized gains loss that I forced myself out to exit early. It could've gone either way but it's better to be safe than sorry.
** 10hrs late-- i noticed one other thing, normally in the past, i do use hard stops to lock in gains... i'm unsure whether it was because i was euphoric or just the fact i was using the dastrader mobile that the idea/thought didn't kick in. Trailling Hard stops have ALWAYS saved me from losing so much unrealized gains in the past.. not sure why it didn't come to my mind today.. **
Trump being Trump
1st Graph is the S&P 500
2nd Graph is MU
3rd Graph is AMD
4th Graph is NVDA
What's better to ruin someone's day than just ruining one stock? Well, my AMD position always like to mimic NVDA so there goes that. MU was holding on while being tugged down by NVDA. Unfortunately, bad news about trump crashes the market yet again and that's what all was needed for MU to finally start crashing down. Sigh, exited out of all my swing positions from the stupidity of the market.
