Forwarding order: Nvda 112 reached the target of last week's...
Forward order: Nvda 112 reached the target of last week's pullback budget. Here I bought a small amount of stock to prevent empty stepping. But it has already started to fall below 100. Position management.
Nvda fell below 112, so the next step is to look at 106. Can't be too hasty. I tried buying a small amount today, but I will only buy a large position when it drops below 100. However, selling put options below 100 is an opportunity today.
5555-5560 is the support level for the market today. We need to hold on here. If we hold on here, there will still be a chance for the market to attempt a new high around 5670. If it falls below this level, the trend will reverse. Because today is the first day of September, there is a lot of portfolio repositioning, so the decline today should be considered normal. But as I've mentioned before, last week my SMCI and NVDA sell put options expired, so this week I have 70 percent cash to buy things. So now I'm waiting for the opportunity to go all in. It would be best if NVDA gives me the opportunity to go all in at 78, although the chance is small, but if it happens, I'll go all in.
Today, qqq is around 464-465 in a low range. After Labor Day, the volume is not large, so the fluctuations are easily manipulated. Today, I enter and exit. Happy trading, everyone. $Invesco QQQ Trust (QQQ.US)$
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AD999 : What will happen if we hold put options?