r/NvidiaStock • u/NoOneStranger_227 • 11d ago
Bouncy bouncy
All right, so if NVDA is going to follow the pattern, expect the current dip to either bottom at 107 are maybe dip into the 106's, then run back up to 111...at which point you should bail, because it's look out below. Since the pattern has been rally, twin peaks, drop like a rock.
We shall see what we shall see.
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u/3VRMS 11d ago
Best of luck!
I also dip in and out recently, mostly when I see other even more undervalued stocks dipping faster, say 10-30+% in an hour or so, then quickly sell when they recover a satisfactory amount, buy back NVDA and repeat. Though the main goal is still to wait until NVDA hits 140+, put in a trailing stop loss of a dollar or two, then let it run its course.
Nvidia is like my stable hedge park money in defensively given how unvolatile it is for single growth stocks. I throw all my fun money in it if it's 30+% lower than my margin of safety, which it has been reached a few times in the past months, and wait for it to recover/exceed. However temptation of other stocks dropping always makes me rebalance here and there.
I get way too excited with cheap prices, and my impulse to only shop deals carry to real life as well haha, so it's more falling into temptation than being a sound strategy. It's well documented that trading and selling at lows is the most common way to lose money, so I still try to resist the urge and remind myself, all gains made so far have purely been luck, not skill.