Rate Of Return
Auto-Trade AceBought another batch at 73.4 yesterday. Thought it was over when it plunged in the night session, but it surprisingly pulled back before the market opened. Reduced position at 77, still looking for opportunities around 72-73. Looks like the 72-73 support level is indeed very strong. 🧐🧐
In Brother Zhao's trading, he emphasizes the lows, especially the lows that are repeatedly tested. Sharing the learning outcomes with everyone.
For example, $GraniteShares 2x Long NVDA Daily ETF(NVDL.US) at 73.86, from September until yesterday, has been tested for the 4th time, with rebounds occurring the first three times. Moreover, from a technical indicator perspective, it has already entered an overbought state. Additionally, I personally believe that AI hardware stocks have been unfairly sold off.
So yesterday, I placed an order at 73.85 for a short-term bet, set as all-day + good till canceled. Essentially betting on the probability of reaching this level and seeing a rebound. Yesterday, it coincidentally rebounded right at this level. Of course, if it breaks below this point and doesn't recover within three days, then the support is invalid, and we'll need to find the next support level.
The algorithm for short-term trading is based on statistics to capitalize on high-probability events, improving the win rate.
$NVIDIA(NVDA.US)
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