Monday, May 9, 2022

"The Art" and stops

2 trades today, FB and NVDA. On FB I minded my stop. On NVDA I gave more room. Why? 

FB trade I got in really fast/early. It dropped out and then reversed hard immediately. Adhered to my stop. Later it did what I wanted, but that was after a while of an actual uptrend and holding vwap, etc. I didn't know that at the time, so I could only act on the immediate full reversal bar.

NVDA, why did I hold puts for new highs? First of all I was in somewhat smaller and had a better entry, so I didn't have to trade it so tightly. Interesting!! That's something I don't show on the charts. NVDA is weaker on the daily and doing a more promising breakdown (so, why wasn't I in davka bigger? minding my risk). It still didn't feel good, but it wasn't crossing p/l thresholds. 

NVDA exit: I am working on trying to go smaller/hold longer, so when it got to the pl tgt, I tightened my stop but didn't trim. I was trading for a stock price target. It made the ~175 area target easily and did only a small pause before going to the 174 area target. Looking at bollinger band charts to try to help me $$volatility, and it stopped riding the 3sd band on the 5 also touched the 2band on the daily (source of the targets anyway). Captured much more on this trade than I would have with the 20% first target. But more info needed to rely on this.







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