NVDA Breaks OutInvesting NVDA
It finally happened, again. Nvidia (NVDA) breaks out to a new all-time high! Long-term trend followers rejoice because it was on decent volume, +63 million shares traded. Could it go higher from here? Definitely. These long-term trend plays tend to keep going until something turns the entire market, or they cheat/lied. Then it all comes crashing down.
Long term holders (not trend followers) have been rewarded handsomely over the years. NVDA’s performance, relative to the Nasdaq, started to diverge around 2016. It’s price appreciated substantially more than the broader tech market and everyone rejoiced until mid 2018.
Crap if I remember what it was, maybe it was President Trump doing looney Trumpy stuff or maybe it was “your mom,” but NVDA blew it off. The lucky dipshit I am managed to pick up some cool shares in early 2023 before it split and made a small fortune. I got stopped at the end of the summer. C ’est La vie.
NVDA is one of those stocks that a lot of analysts freaks hate. Running all my usual “I’m using my secret algos to beat the market” processes that “lull me into doing stupid trades because I’m stupid” that don’t make sense anymore.
For a while, NVDA had a seasonal component. You’d buy in the Nov-Apr and make more money. Now? It’s all over the place, it doesn’t matter when you buy, just as long as you buy. We’re entering “Buy The Fucking Dip” territory and that’s going to make for great entertainment. Stay tuned folks!
Disclosure: No positions
Learn Stock Trading, Investing, and Risk Management
There are a handful of financial and trading books that have made a HUGE impact on my investments. If you want to trade and learn about money and risk management then I suggest you get the Van Tharp book. If you want just focus on long term investing, get the Random Walk Down Wall Street book.
Hell, get them both. I owe my wealth to what I learned in those books.