exactamundo lol.
this actually made me feel good. I went in with a plan, I didn’t chase, I said if it comes to me great, if it doesn’t, that’s great too.
let’s see if I get the other 50 at $225
NVDA
- Thread starter KGTrader4
- Start date
exactamundo lol.
this actually made me feel good. I went in with a plan, I didn’t chase, I said if it comes to me great, if it doesn’t, that’s great too.
let’s see if I get the other 50 at $225
That’s an interesting question and something I have struggled away. But there’s no room for emotion I try to get that out of it so I am sticking to my plan if it gets down to 225 I’ll buy another 50 if it doesn’t I’m happy to own the 50 Shares at 2:35 and watch go to my 270 targetMixed emotions
Do you want the price to increase or decrease.
Feel free to critique the strategy for the trade or anything else keeping in mind I’m a noob
I'm not a big fan of averaging down. Once a stock moves in my direction I hate to see a profit turn into a loss.
I have found the best trades take off right away.
Take a look at your risk reward from todays price. How much are you willing to risk to gain the amount left to get to your target.
That’s a good point and we’ll taken. I hate owning a small position on anything but I know that’s not a bad thing
your point is excellent I need to look at it and will report back
%%That’s a good point and we’ll taken. I hate owning a small position on anything but I know that’s not a bad thing
your point is excellent I need to look at it and will report back
Paul Tudor Jones had[most likely] a yellow post it note on his computer; losers average losers
Main thing kg trader when we make a mistake correct it; actually i lost a bit on SDS Fed trade day, but thats ok/ made more on SPXL, then+ TQQQ today + SSO etc.
ALSO/ i would never confuse a scale in buy with averagin' down; the big difference is one is a battle tested plan done by man + many; some average down a revenge trade or mistake.
I actually meant to buy DXD once this year + bought DDM/ LOL; but thats the great thing a about scale[always start small] in buys / if a loss is cut its not on after keeping adding on with no battle tested plan.
IF one was ultra a hi % winner + no or low % do that, you could keep''always'' putting on larger as the trend extended, but huge loss when it turns. If this makes no sense, dont worry it will/eventually.
I meant long + strong Fed day, sorry for spellin' mistake[ +SPXU fed day]
That’s a good point and we’ll taken. I hate owning a small position on anything but I know that’s not a bad thing
your point is excellent I need to look at it and will report back
decided I’m gonna keep the order for 50 a$225 in as GTC. As Murray said, there’s a diff between averaging down and scaling in (the latter was my intention). More important, there’s strong support around $215-220, so I’d be ok owning another 50 @ $225 with a stop at $215 ish.
I'm afraid I don't see any support around 215-220.
Think about where everyones stops might be.
Lots of volume at that point so if a whale wanted to hunt stops where do you think he might drive the price down to?
If price gets back to your entry, bail and wait to see where it goes. You think price will get to 225 or lower then buy some at that price. Protect your capital.
I look for support and resistance at the highs and the lows of a swing. Thats where price changes direction.