On March 1, when Nvidia was at 800….. I said Nvidia 1000 in a couple weeks or sometime this month.
Maybe tomorrow (Friday) or next week at the latest.
That’ll be 25% in a week or maybe a week and a half.

Thank you.

Shoot! I didn’t know that was possible. Please send me that link or some info where I can also go back 3 months & buy NVDA with a guarantee it is going to go up 100%. Unfortunately, my broker doesn’t allow my to back date my trades 3 months…lol

In all seriousness, take or pass on any trade here that you like or don’t like but:

A) Regarding swing trades, we came into the year short QQQ right off the highs in Dec, covered & reversed it (and AAPL) from short to long right at the lows & now we have a partial/starter swing short on QQQ that is down a whopping 3% from the average of the two main entry points (60-minute minor & then major/Oct lows trendline) and again, that has been made very clear to only be a fraction/starter position with full position add-on still pending so 3% down on a partial position.

B) Any draw down on the current QQQ (or IWM) swing short grossly pales in comparison to the gains, many well into the double-digits on all of the other swing trade ideas posted so far this year including natural gas, silver & the miners, IEP, CARA, CVNA, and yes, even NVDA if you took the pre-earnings swing short & then closed it out on the short-to-long reversal trade the afternoon it reported.

I continually preach the benefits of diversifying in swing trading (taking different trades in different assets classes with uncorrelated securities). Again, the gains on those trades dwarf the few losers & as of now, QQQ is not a loser or at least a failed trade (that happens when a trade is closed/stopped out for a loss, just as a profitable position isn’t a winning trade until closed out for a profit IMO).

FOMO will blind some traders/investors. If I don’t see an objective long entry on NVDA, or any stock, at the time, I will either wait patiently for an objective entry (maybe a pullback to support or a bullish continuation/consolidation pattern breakout) or I will wait for an objective short entry. Stop worrying about NVDA or it the FOMO will consume you or buy it with a stop that you are comfortable with if you think it has more to run.

NIKL chart starting to look constructive but from the looks of it, I could easily see another thrust down before bottoming. Plus, I’d prefer to see a well-defined trendline or price resistance level in which to watch for an impulsive breakout/objective long entry.

Again, doesn’t look bad & could run without all that but for now, I’d rather watch. Plus, I don’t get a list of the components on my charting platform like I usually do when I type in an ETF. Therefore, I’d need to go to the ETFs site & get a list of the holdings & see some bullish/constructive charts on at least the majority of the top holdings. Thx for passing it along & feel free to bump me on it again soon if I don’t follow up again.

Waiting for trendline breaks to short has lead to losses last 15 months since there’s always a bounce at that point.