The boat has lost its steer
No matter how good NVDA is, this will go down.
I have lost all hope in the U.S Markets. 940 one moment, and 925 another moment.
Consodilation from March to May. 3 long months.
I guess I need to wait until July and quit putting my hope in NVDA altogether.
It is not easy to work 8-5 everyday, without any assurance of financial freedom.
Even more depressing when your family relies on you, your future solely depends on you.
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I am a fan of the bulls. Not a big fan of the shorters and shorting.
Keep your negative thoughts off me. Thanks.
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Cisco seller : I have faith earnings will be buy rumor sell news ride it up this week
White_Shadow : it's not earnings yet, that's what you should be waiting for
DieHardTrades : If you know then you must be making a boat load of money. Or maybe you should learn not to buy calls when rsi is above 80 like it was! And that’s when you should buy puts, when RSI is below 30 that’s when you should buy calls… it’s so easy. Learn to do credit spreads. It’s so easy to make money off of nvda on credit spreads because of the wide bid and ask spreads. Don’t buy at the top and then get all butt hurt that nvda pulled back.
DannyK99 : close the app and come back 3 years later
Daniel Jeya RamanOP DieHardTrades: Thank you for your opinion.
Daniel Jeya RamanOP DannyK99:
DieHardTrades Daniel Jeya RamanOP: I don’t mean to sound like a jackass. Learn how to do a put credit spread(bullish) and a call credit spread(bearish) and do them only when Rsi is between 70-80(call spread) or RSI 25-35(put spread) and go like 2-4 weeks out. And close them out when you hit 10-50% gains. Rinse and repeat. It’s the most successful thing I’ve learned how to do. I only risk about $900-$1000 for my max lost. You don’t ever have to worry about assignment. Just close a few days before and you’re fine. I only hold these a day or two because nvda has big swings. I will close my put credit spread right before earnings because I never play earnings. Never will. Ask me anything and I can help teach you.
Daniel Jeya RamanOP DieHardTrades: I have checked the options methods, choices in the app, may I know whether you build the options yourself?
DieHardTrades Daniel Jeya RamanOP: For example, I am selling the 915 put and buying the 912.5 put to cover myself. So yes. You have to build it yourself. Very easy. All I need is nvda to pop up to 930 or more for a nice 10-15% gain, small wins is all it’s about. I will ditch if I’m at or close to 20% loss if I feel that nvda won’t recover, I’ll bail and reassess, that’s actually pretty rare though.
hocf DieHardTrades: Sorry, just to understand why'd you buy a call spread when RSI is already high (overbought)?
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