I only shorted NVDA and AMD, went long MU at the bottom.but yeah you are right i was pretty exposed, i probably just should have taken NVDA short and put more into it, cause that was the one i was most confident was going to go down, but AMD is always way too tempting for me if i can get the right position in it, because you can basically take as much size as you are comfortable with on AMD and you can always get out within 1 tick if something happens that you dont like, thats the reason why AMD always draws me in with size, lol, the levels on AMD are like 10-20k per level where as NVDA has 20 cent spreads, so you can just be alot more accurate with AMD.
The Super Terrific Happy Hour
- Thread starter Max E.
- Start date
I only shorted NVDA and AMD, went long MU at the bottom.but yeah you are right i was pretty exposed, i probably just should have taken NVDA short and put more into it, cause that was the one i was most confident was going to go down, but AMD is always way too tempting for me if i can get the right position in it, because you can basically take as much size as you are comfortable with on AMD and you can always get out within 1 tick if something happens that you dont like, thats the reason why AMD always draws me in with size, lol, the levels on AMD are like 10-20k per level where as NVDA has 20 cent spreads, so you can just be alot more accurate with AMD.
Careful any one following this thinking of shorting NVDA again, its holding over that 148 level from yesterday, after it tried to break down and now its putting in a higher low looking like it wants to go higher, thinking its about to blow the shorts up again and pop through 150. Im not touching it either way but shorts going to get torched looks like.
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Wow...good call (and strange daily candles on this one!). Hope you picked up the long. 150.70 as of now.
Didnt touch it, its always easier to analyze stocks when you arent in them and you got no bias lol, in a normal market thats exactly the kind of pattern id be looking at for a late day long, but this market is far from normal, and im having a pretty good day so no interest in getting in too a fight like that., But yeah of course since i did nothing it turned into a homerun.
...and somehow it misses the two I have open bullish positions on....FB and AAPL.
They are going now, all the tech is following NVDA's lead now. wouldnt be surprised if we grind up now into the fed decision, then who knows what happens, but the majority of the time Fed decisions get spun as bullish so this could be the bottom today.
Yeah, I'll let my options decay overnight, but I'm not going to hold these winners through 2pm tomorrow (maybe IBM--I'm bearish there)...too much downside and not enough upside.