I report to you at the pinnacle of trading success, closing +62bps in a session wrought with ruin for most traders. Like Pax Americana, it appears we are heading lower now, shareholders of $NVDA subjugated to immediate ruin.
Before you declare $NVDA to be a buying opportunity, understand that the stock is still up 10% for June and the NASDAQ itself higher by 5%. We can COLLAPSE 5% into the final days and still have a good month, in the broader sense of things. What I am suggesting to you is that the micro has nothing to do with the macro. If we are to outperform as traders, we must know when to pivot out from risk when markets go lower. It really is that simple.
If you can correlate with the up tapes at 0.9x and counter correlate when markets go through squalls, perhaps you too can pen a blog and possess the testicular fortitude to demand readers heed warnings and advice at risk of their own ruin.
Into tomorrow, I have a low beta portfolio hedged with $SQQQ and $UVIX, on the off chance that is $NVDA drops again tomorrow, people will start to lose their fucking minds.
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