Day 19 Trading with Ricky

Day 19

The stock market was quite lively all morning, thanks to the buzz surrounding NVIDIA's disclosed investments in Arm Holdings, SoundHound AI, and Nano-X Imaging. The news, particularly regarding Nano-X Imaging (NNOX), was electrifying as it soared from $8 to $14! However, such catalysts tend to inject a dose of volatility into the stock, making it a tad tricky to time entry accurately.

For instance, the stock would rapidly rise, enticing those chasing green candles (which was quite tempting today), but without any significant pullback candles. Subsequently, the stock would experience a downturn, followed by consolidation, only to repeat the pattern. Consequently, I realized that the best course was to sit tight and await the next surge. Sadly, this epiphany came at the cost of a substantial loss, particularly with JXJT, where the low volume stung me hard.

Thankfully, my approach with NNOX, coupled with a rather foolish green candle chasing trade I made with DXF, managed to put me back in the green. Today was truly a blessing, especially considering that the trade with DXF could have spelled disaster! Nevertheless, I made it through the day unscathed, safeguarding my capital. With tomorrow heralding a fresh trading session, I bid my fellow traders goodnight.