Friday, February 12, 2010

NVDA revisited


I did a cut loss for NVDA as planned and after that it goes up. This one of classic example of psychology of trading. I could ignore my cut loss plan for the next trading or stick to it because I would not be able to tell the futures. After analyze the NVDA chart, the stock was at Fibo 50% that acted as support level. I admit that it was missed by me. At that time I just want to keep my loss small.
It is not small profit that kills traders but big loss will.
The NVDA chart was taken today while market still open, the chart may be different when stock market close.

Best regards

Snip

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