No great picks this morning, but market in such a desperate place. Watch for a capitulation selloff? Go small. Wait for the "second setup".
Market traded hell'a whippy this morning. Keep careful eye on setups. Don't yank stops.
NIO was on tradertv.live watchlist for breakdown Not my usual setup, and hello? I didn't wait for the second setup. Not sure I love my entry. Tried to stay in. Didn't take small profit when it wavered. Didn't ever get to my target. Got out on reduced stop, and saved myself the agony, but still took a loss bc I bought into opening volatility (exaggerated price).
NVDA was an interesting trade. Continuation gap, also looking for a breakdown. But also, I was watching AMD, a brother stock. Lots of eyes on AMD for break below 100. Need to keep an eye on that while trading NVDA today.
I waited for NVDA second high to short. And used an uptrend connecting highs for initial stop. See another high a few min after my entry, but stayed below the uptrending resistance line (not shown). NVDA did break below previous lows, but AMD couldn't crack the 100 so I squeezed my stop so tight! I had a dream target of 202, but need to trade the facts and so glad I didn't hang around!
