10 years of experience

1. **Research and Notes
- **Fundamental Analysis:** Study Nvidia’s financial health, including earnings reports, revenue growth, and profit margins. Check for recent news that might affect Nvidia, such as new product launches or regulatory changes.
- **Technical Analysis:** Use charts to identify key support and resistance levels, moving averages, and technical indicators like RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence).

### 2. **Define Your Goals**
- Set clear goals for your trades, such as a target profit percentage or a specific time frame (e.g., daily, weekly, monthly).

### 3. **Develop a Trading Plan**
- **Entry Strategy:** Identify signals for buying, such as a breakout above resistance levels or a favorable technical indicator.
- **Exit Strategy:** Set target prices for selling based on resistance levels or a predefined profit percentage. Also, establish stop-loss levels to limit potential losses.

### 4. **Risk Management**
- **Position Sizing:** Decide how much of your capital you will allocate to Nvidia trades. A common rule is to risk no more than 1-2% of your total capital on a single trade.
- **Diversification:** While focusing on Nvidia, ensure your overall portfolio is diversified to manage risk.

### 5. **Monitor and Adjust**
- Regularly review your trades to evaluate performance. Adjust your strategy based on what’s working or not working.

*Stay Informed**
- Keep up with market trends and Nvidia-related news to make informed decisions. This includes watching quarterly earnings calls, product announcements, and broader market conditions.
Example Trade Setup
- **Buy Signal:** Nvidia's stock price breaks above a resistance level with high volume, indicating strong buying interest.
- **Buy Price:** $500 (hypothetical example)
- **Target Price:** $550 (10% gain target)
- **Stop-Loss Price:** $480 (4% loss limit)
My own Practice Discipline
Stick to your strategy, avoid emotional decisions, and review your performance regularly. Remember, paper trading is a simulation, so use it as an opportunity to refine your strategy before committing real capital.