Easing Back In After Easter

It’s been a couple of weeks since I posted any trades here. As I wrote previously, we’ve had guests staying over the Easter break so I’ve mostly been away from screens, not trading and not posting. It’s good to take a break every now and then. It doesn’t have to involve travel, just a change of routine can help keep the mind sharp and motivation levels high. Doing the same thing day after day can become tedious. Trading properly is monotonous at the best of times. Taking time out can re-ignite the flame. Absence makes the heart grow fonder and all that.

I started easing myself back in towards the end of the week with a few trades. Here’s core stock NVDA, which I was keeping an eye on mainly because it had suffered huge losses the previous day. When that happens there is often a good amount of movement in the next session. The price might continue to fall as more people see the earlier drop and jump ship, it might bounce back as bargain hunters jump in, or it could just bounce around consolidating. It doesn’t matter which way it goes, all we as traders care about is that there is likely to be a lot of volume and some decent range, especially at the open as the latecomers join the party, all of which adds up to easy trades. Here’s mine:

Given the liklihood of early movement following on from the previous session, I had no hesitation taking the earlier entry. The drop was fast and ferocious, netting a $1,400 profit in around 5 minutes. The exit was when the price hesitated around the (second) target, the first having been blasted through without a second glance.