Help❗❗❗September takes its first victim | Should I just cut my losses on nvidia? 😢
Got some major bad vibes to share... 😔📉
There go my gains again❗😭
Should I buy some puts? 😣
Should I just cut my losses on nvidia? 😢
NVIDIA drop today is the largest-ever destruction of market cap! ![]()
Shares of Nvidia fell 9.5% today as the market frets about slowing progress in AI. The result was a decline of $278 billion, which is the worst ever market cap wipeout from a single stock in a day. ![]()
Is NVIDIA gonna keep tanking or what? ![]()
$NVIDIA (NVDA.US)$ Some my NVIDIA returns just vanished! 😱 Should I go short now or what? 🧐📉 Seeing many mooers in the community flexing their big returns from shorting makes me so jealous! 😩💸 Should I join the short squad too...? 🤔However, Nvidia's earnings report just dropped and they're killing it! Could this mean a bounce back is coming? 🚀![]()
What do you think?
@言焱Help! Do you think it's still prime time to hold those puts? 🤔 Should I switch up my trading strategy? 🎯📉 @102819499 @Long Doan @Daniel Jeya Raman Can you guys drop some advice? I'm kinda stuck and don't know what to do! 🤷♂️💭
I'm seriously wondering if it's time for the bulls to cut my losses and switch to bears. 🐂➡️🐻 Can you share your insights? Where do I start with? 💡
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·Active stock enthusiast ·Always learning and sharing ·Awesome speaker&listener
···Alll for good trading!
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Daniel Jeya Raman : Simple, keep some cash, and follow the trend. Do Iron condor, or strangle option method, of you wish to go for the gains. All the best to you.
xixixixihhh Daniel Jeya Raman : Whao！Thanks for u advice![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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xixixixihhh : I also lost a lot！![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Daniel Jeya Raman : I lost a lot in options, when I don't follow the market, > am trying my best to recover.
102819499 : I always do strangle. Great volatility is good for option. However trade positioning is critical to stay profitable. Some questions that you need to ask before you enter.
1) How much are you willing to lose in return for the profit you have in mind?
2) For strangle, how much does either the call or put need to rise for this strategy to break even?
3) With that, how much much does Nvda need to rise or drop ?
4) does the rise or drop % make sense within the expiry date ?
Oh ya and my rule of thumb is, you will never get to buy at the lowest and sell at the highest. Always do trade positioning (i.e buy/sell at different price range instead of queuing at a single price)
Ps: I am not an expert, just my opinion, and I have my fair share of losses too. All the best !
Trading Rockstar OP Daniel Jeya Raman : Such valuable advice!
Thanks a ton!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
xixixixihhh Daniel Jeya Raman : Luck to U！
Trading Rockstar OP 102819499 : OMG! Thank you so much!
I definitely need to learn your trading secrets! Do you dabble in any other trades? 
Rollingling : I wanna learn too!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Stella-K : I'll be using ETFs to hedge my losses from last night.
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