| The next technical analysis video for Nvidia Corp. stock shows that bulls can plan a series of buys and set buy orders at lower prices to target a reversal. I created a new approach. The 'Fibonacci Entry' Why? As the price falls, Fibonnaci orders are placed. 1 NVDA is purchased Then 2 NVDA stocks are bought at a lower price Then 3 NVDA stocks are bought at a lower price 5, 8, 11, etc. You decide the series' length. So are entry prices (which should reflect the price chart's reasoning, your echnical analysis, price levels, etc. Watch the video for a full explanation of average weighted entry price. Some traders may label me crazy, a gambler. Traders must follow the trend, wait for confirmations, etc. This game can be played in multiple ways. This approach is not crazy. You know crazy is? Trading without a stop. Or one that sucks so much that it is like being crazy. in this example, my trade plan aims to make 20% and risks 10%, that is a 2 to 1 reward vs risk ratio. No, I'm not crazy. Furthermore, Iin a volatile market, not a tight bull market, I think many traders wait for too many confirmations. L ate entrants risk being eaten. Nonprofessionals experience this often. Some pros say: "I'll buy NVDA stock only if it's cheap. if I missed the buy, then i missed it, but i only get in if the price is right (in my opinion it is "right" or attractive)." Some pros win with more technical verification. Definitely. This game has multiple rules. This technical analysis and trade plan within the vides reveals one of several ways to ANTICIPATE a shift in the price (reversal). Using lower entrance pries to average out a great average entry. "Excellent" means substantially lower than the current price, and still makes sense according to your technical logc and plan. "Excellent" doesn't guarantee a trade's success. Scaling in a possible Long for this chipmaker? In the comments section, I'll post updates as Nvidia stock swings forward. See https://www.forexlive.com/technical-analysis/nvda-technical-analysis/ Visit ForexLive.com technical analysis for some interesting perspectives. |
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