Ride the Trend: The Trend is Your Friend

$NVIDIA (NVDA.US)$
1. Trading with the trend is a powerful strategy in technical analysis. Instead of resisting market movements, align your trades with the prevailing trend for a higher probability of success.
2. Types of Trends:
- Uptrend: Higher highs and higher lows (Bullish).
- Downtrend: Lower highs and lower lows (Bearish).
- Sideways Trend: Price moves within a range (Neutral).
3. Use moving averages or trendlines to identify and confirm trends. Enter trades in the direction of the trend and stay with it until you see clear signs of a reversal.
4. This week, I am focusing solely on NVDA call options, as the trend clearly indicates an upward trajectory. Since I take a conservative approach, I close my positions daily and start a new trade the next day. This strategy helps mitigate the risk of sudden news or unexpected stock price changes. I learned this lesson during the recent Middle East conflict, which caused abrupt price pattern shifts.