Old School NVDA was In Play this open after some potentially bad news from competitor INTC and a rumor on a new contract with Acer. NVDA gapped up. 15.75 held the bid on the open and NVDA started to do its thing.
15.87 offers cleared. 16 offers cleared. 16.10 offers cleared. 16.15 offers cleared. 16.25 see yah. 16.30 bye. 16.35 later. 16.40 nice knowing you. 16.45 brick wall.
NVDA had shown its strength so I started thinking about buying into a pullback from the 16.45 intraday resistance level. I bought too early. I bought 16.16. I should have bought below 16 and into the 15.70 80’s with a stop below 75c.
I should have given NVDA more room. Why? 1) The market was very weak. 2) NVDA failed near technical resistance. My buy was appropriate for if NVDA had been strong and it was just ready for a natural pullback. But I failed to properly factor in and calculate a better entry price because I did not appropriately consider the two factors above.
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Long 1/2 a lot of NVDA. Will add if it holds above 16.45. Flat 15.75-15.65.
4 Comments on “Buying Too Early- NVDA”
Although the new website looks a bit more polished, as an avid follower or your website, the previous one was a lot easier to navigate. The extra links of this new website might be a little much. I liked the fact that the last website was an on-going blog with the most recent one posted at the top of the page. It made it easier to look at past blogs also, if i missed a couple days trading.
Thanks for your conisderation in advance.
Although the new website looks a bit more polished, as an avid follower or your website, the previous one was a lot easier to navigate. The extra links of this new website might be a little much. I liked the fact that the last website was an on-going blog with the most recent one posted at the top of the page. It made it easier to look at past blogs also, if i missed a couple days trading.
Thanks for your conisderation in advance.
I agree with DJ. The new layout seems a bit much. Your last template was a lot easier to navigate through the various posts. The retweet button is a nice addition, I just added it to my Blog. Nonetheless, I appreciate the excellent job you guys do…
David_G
We are working out the kinks of the new design. We will make sure all the old features are available. Thxs for the feedback.