Today has been a crash for NVDA, but there's no need to panic.
Posted: Apr 20, 2024
- Market cap dropped by 10% in a day, prompting OP to sell NVDA and NVDL stocks - OP made profit from shorting and plans to buy back NVDA between 680-740 - Earnings call may be a tipping point for NVDA, expected to consolidate between 680-740 before that - OP's plan includes left entry, right entry, and short-selling strategies for NVDA depending on price movements - After considering potential market trends, OP decided to clear all long positions and wait for market stability or new trends to emerge before making new investments - OP's new plan involves closing all long positions on Monday, potentially buying a small short position, and being prepared to react to earnings outcomes with options trading.
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