after testing the waters with AMD beginning a couple of years ago, more recently i migrated into NVDA (with some SMCI). All buy and hold strategy.
this seems to work ok in a bull type market. I’ve probably made > $400k in the last month alone. I could have made more if i had not briefly lost my nerve in the last few days leading up to the NVDA quarterly report.
but what to do in a down market? i’m trying to learn about options and futures for use in down markets (any tips on how to start welcome). book recommendation? i have options trading for dummies on the top of my reading list right now.
on NVDA and SMCI, I am setting stop loss limits in place at 90%. I’ve seen fluctuations of up to 10% and beyond. What are good stop loss limits for these? should i use something besides stop losses as safeguards? different values/percentages?
I’ve got entirely separate pigeonholes for fighting inflation (traditional external managed account) and wealth preservation (gold and silver coins). I don’t mix the three categories.
“briefly lost my nerve”
So ...you have felt the tingle .. the call of the wild ..
the thrill of victory the agony of defeat.
I can’t give you advise ... I can only tell you what I’m looking at... a few basics for me ...
I don’t shoot at bullseyes (average in and out)
I don’t hunt unicorns (don’t count on big red or green candles to save my butt)
Be able to articulate why I am doing what I’m doing
IF you read back through my posts over the last 2 weeks, you’ll see pretty much what and why I’m doing what I’m doing..
But ..... right now
I’m in sqqq at 11
feb 23 11 call
feb 23 11 put
over weight on call side
I’m riding the short Qtrain..... sounds cool right
If we get a big move up on the NDX I’m hedged to cover my expense of a bad call
But if we get a drop in the NDX my sqqq will follow and my calls will “magnify” the move.
Right now there are a lot of red unicorns running so I look like brilliant ... but ...
remember to never get financial advise from cranky old men on the internet ... for ENTERTAINMENT only
ooops ..there comes another green one ...