NVDA Short Trade Update
#nvda #short #nvidia
Those following me on this trade, know that I pulled my stops until CoB Friday. Reason: I have been waiting for a drop to occur on the SPY chart. I knew it was coming and I wanted to see that occur prior to stopping out of this short trade. Today we got that expected drop (see SPY chart below) and it looks like NVDA might follow ...or lead (see NVDA chart above)- however you look at it.
I am recognizing that I had still set my stop too tight. So, upon Friday's close, I will re-analyze and re-adjust my new SL or maybe just close out the trade pending price action? I'll keep you up to date here for your entertainment purposes.
Stewdamus
