Trading Journal
“First learn to trade then the money will follow!”
NVIDA TRADE
Today, I added another 1/6 to my short of NVIDA, as the price action looks like it is playing out as expected on the 4 hour timeframe even though the price has slightly recovered. The recovery of the price enabled me to get a better entry than my initial 1/6 short (purple line number 1).
Re-assessing my watchlist, there does not appear to be anything eventful; other than the opportunity present to add to the NVIDA Trade.
Learning Point
- The 4 hour timeframe appears to provide me with a more accurate reading on what is going-on currently, therefore, also what is likely to happen, with the price action concerning the daily timeframe.
Next Action
- Consider entering a short tomorrow when the markets open in relation to LUV (another airline play)
- Update trading spreadsheet with latest trades.
IVG (Involgize)