Why I Got Short The Strongest Tech Stock

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#NVDA #techstocks #daytrading
Discover how short-term traders can take advantage of both upward and downward trends in stocks, and learn why it's important to follow the trend within the timeframe of your trades. In this article, we'll explore the recent price action of Nvidia and how it presented a potential short trade opportunity, along with the factors used for confirmation.
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[@smbcapital]

Grab your spot at SMB webinar: bit.ly/3LPLV6Y

[@wayne5120]

These videos are extremely underrated. I have been trading for 15+ years and SMB are one of the few real trading educators out there. There is so much get rich quick garbage out there preying on new traders. Thanks for the great videos a lot great information for new and experienced traders alike.

[@proletariat9467]

Agreed, this strategy alone is sound and used by professionals continuously. But people want flash not bread and butter.

[@dan6831]

As always, quality no B.S. education. If wanna be traders invest in their education with SMB, I hate to say it but I will: you cannot fail. BUT you have to put in the work, lots of it. I started with SMB 3 years ago and follow their rigid disciplined strategy and I am doing fine. Thanks to Bella, Steve and Jeff and many others.

[@mbellafiore19]

appreciate your comments Dan!

[@mathewwilson9776]

Nice, lesson from Steve to end the week. Thank you!

[@craigh5631]

Excellent video! I like how you said take the good move not looking for a killing. I traded & scalped Msft today caught it short once and long into close as it showed strength on a number of criteria. Thanks for more great content !

[@lone-wolftrader3913]

Those are some of the best videos nice and easy walking through the trade bit by bit

[@justinshepherd7390]

Steve, Thanks for this analysis on NVDA!.. it's a huge help as I've been watching it for a similar short opportunity

[@OnceUponACatalyst]

Love the breakdown and analysis from Steve here. Nice video!

[@jameswatt8841]

Thank youuuuuuu I also shorted this today, and yesterday..when it all went down, but my thought process was not nearly as good as this. Great lesson. Wow.

[@pvpnkittens]

That was super informative, thank you

[@eljuanramon]

He is talking about garret if you wonder the trader!! Thank you SMB for the video!

[@tradingpoker1324]

Great video. Especially about the support and resistance levels. How do you determine inflection point?

[@manisholi7241]

Great video from Steve as always

[@razzy1476]

Great video… does it open above or below the inflection point makes sense for a quick short!

[@KT-zx9jr]

Good clip and discussion. Thanks Steve.

[@fangfang7101]

Thanks for the explanation! I sell NVIDIA tomorrow. I observe it’s trending down. I get used to long a stock and almost forget I can short it .

[@gb18f50]

Thank you for the insight. I like to trade NVDA a lot so this one was especially interesting.

[@gardnerdavis]

Excellent video . Thank You .

[@chr971]

Hi Steve, thanks for the video. Will you prefer such setups as secondary setups? For example, if there are no good setups with R:R lining up for the day, hence we should trade it as secondary? Or irrespective of other opportunities it was worth trading? Thanks in advance.

[@joshuatan9002]

Thank you for the videos!

[@MorningViewz]

Loved it, thank you!

[@reallyeasy5088]

Great Video!

[@elmamo2000]

Does everyone at SMB calls it Nevidia? Great video, though! You guys are awesome and very underrated. Glad I found this channel.

[@proletariat9467]

This is how I trade intraday, LH, LL, using S/R points for income, I was doing this very thing from that 275 as on the left that large number was a floor and reaction high during the big money print, to me that is a ton of supply of stock to hit the market that has waited a long time for break even. Indeed pigs can fly and fly and fly, but the counter trend scalp is a great trade intraday, great video, you present a very clear strategy well. It's funny I haven't been on youtube for some time and notice this video, if a trader can execute just this strategy they can be profitable on a regular basis, this setup is extremely common, but perhaps too boring for many traders.

[@tonychimenti7268]

Steve are you referring to Cam Pivot Points in your video?

[@_ChipDouglas_]

Looks even better using Camarilla pivots. Hour before open it was stuck in a range between S3 and S4. Once it closes under R4 its all over.

[@sbespn3820]

Does SMB Realtime show every equity trade you guys make?

[@davidalpheaus3352]

@smb capital if I wanna do multiple timeframes and execute/manage on the 15 and 5 . Which higher timeframes what higher timeframes should I do my technicals I wanna use the 15 or 5 as my version of the tape

[@jeffislearning]

"momentum position at 270, not much information, 1/4 maybe 1/2 position, full position when it holds below vwap" would that always be the case for a red day short? can't i risk the high with full position once it goes red?

[@goldenXbrown]

Hit me nail to the head. I was working with 242.5 and was profittable for awhile, until my account blew up when i took it to a swing and had the bias that it would fall eventually. Oh well.. lesson is to cut losers ASAP

[@AresHeroSC]

Thanks Steve! How are you generating your S1,S2, S3 and R1, R2, and R3 values? They seem semi-arbitrary. I also noticed that the spacing between your R values was $2.50 opposed to $2.00 for your S values. Is there a reason for this?

[@antestor206]

My exact question. How do you guys at SMB decide what are the levels?

[@billyblack3816]

Everyone is screaming "Short NVDA", be careful.

[@KanyeReborn]

Who else is saying that?

[@smbcapital]

Cramer! haha

[@d.s.8733]

I think it's just a tad early to short NVDA, I'll be paying close attention to $272.14 because it's been so strong and we're coming into April a very bullish month.

[@nayanjyotisaikia2]

1st view from India from a beginner

[@maximeaudet6773]

I really liked this video as it goes through lots of small important details (planning, entries, exits). One suggestion would be to do a video on how to define support/resistance levels. Has SMB done this yet?

[@Michaelquu]

I doubled my account on this trade. I did AMD but same thing, so that counters the blow up guy. RIP rookie

[@CijoSaj]

most traders where aligned wth smh weakness and amd nvda was easy short upon daily candles.. no point on these analysis.. i mean new plan and hard trade setup needed.

[@culo2309]

Nvidia did his job, now is too risky if you have a lot of money that is your problem

[@DG10-youtube-channel]

You guys shiuld mayhe change this background

[@JenMarco]

Did you get short on NVIDIA because Jim Cramer said he likes it?

[@user-pd3el2lo3x]

Too late bruv i already blew my account up over the past two weeks

[@Augie-]

Your risk management needs work. Go back to the screens and comeback better.