 Welcome back to another edition of a trade recap that happened today with NVIDIA. We're trying to show you why we entered, why we exited, and then in this particular case why we were a little concerned about data affecting the trade along the way. You noticed that last week NVIDIA was extremely strong with this 775 high that occurred even if the market was tanking and not really strong. So this gives you an idea that this ticker is extremely strong while the market isn't. So as I always say, when the market's going to pick up, get a grip and start moving back up, this one's going to move up as well. However, this morning we had news with China saying that they were cracking down the crypto miners and obviously with NVIDIA selling some GPUs for the crypto miners, this was not so good news for it. So we expected a drop at the market open and this is exactly what happened. And look at what happened, we started tanking right away. So the idea is to look for a bottom. And my idea of the bottom was the high I'll show you on the one hour chart here. Put this on. And this is the line that I saw that happened last week around Tuesday, where we had a high in the 721s. So basically, if I go back to five minute chart, I'll show you exactly what I mean. And this is the support we had when we entered the trade. We entered it a little early at 521 for the 750Cs. We expect this whole thing to move back up. The 750 is, let me show you exactly what I mean one. And 750 is this here, right? This line is around 750. So basically, if we were to get back to reclaim this on that first day, obviously this would have been a very profitable trade. It didn't quite happen that way because we started tanking even more. We entered, let me blow this up here. We entered in this area when we touched my yellow line, thinking we would jump up on this, but not. We kept on going down a little bit further. And to show you how deep we were, look at this MACD right here. And keep going down. This is the RSI that is below 20. I think it was below 15 at one point. So basically, this needs to rebalance. Rebalance to get back up to where we were. You look back to the one hour chart. It's not as dramatic. It shows you that we came down to the old resistance, dipped under with volume, picked it up. Obviously, while you're trading it, we went a little red on this one. I believe it got down to a low of 375. But still, it still remained above the, we put a line here so you can all see. So nobody sold past this point. Everyone was extremely bullish. Obviously, this was resistance. Nobody sold past this point and it started rising. We're still above that. I mean, we're not into selling territory. We're still above the 200 EMA on the one hour chart. So it's still bullish. So it was okay to hold. And let's get back to the five minute chart. When you're trading this intraday, obviously, when you're out of the money like we were at 750, you're looking for something that will either do a V-shaped recovery, you know, go like this and it could have gone like that. However, it didn't. It even tested the lows. Again, it did a typical NVIDIA a tiny bit higher than then before. And then it took off and then, you know, it was hesitating. And then it took off at the end of the day with volume, right? You see this volume rising. So what we wanted is to have momentum quickly towards our 750 target because otherwise, what happens is theta, the time until we get to expiration is getting narrower. And as we're not getting closer to our target, although actually the strike price, the how fast we're moving there will affect how fast your premium is going to move. Now we're not moving very quickly because it's hesitating back and forth a little up, a little down. So it took a while for us to get moving. The idea behind all this is to make money. If we're not in the right spot, I mean, we could have waited and hoped for tomorrow to be even a higher day. However, I'll show you, I'll show you something. Look at this chart that we have here as it has momentum and it's moving up. And look at this one. See the difference? Now we're in the 750C chart for the day. Look at it. We alerted in this area. We went down to the lower day, which I believe was 375. And then it's basically just flat. Even if the ticker went like this, this one is flat because we're not going towards our target, which is not target, but strike price 750, fast enough for it to move in that direction. So we decided to exit very close to the end of day here, which wasn't too bad. After all, we ended up selling at 713 from a 521 for a 35% trade. I'm extremely satisfied with that. Obviously, tomorrow is going to be another day. But the idea is this. Are you happy with 35%? Are you happy to secure 35% if you are? Well, that's good enough. We can move on. We can get back in tomorrow. But the idea is to realize that we're still out of the money. We had a low of 718 or so, and we ended up at 737-ish at the end of the day. And yet this whole thing is not moving very quickly, our premiums. So you have to, at one point, take a decision. Say, am I happy with this? Or am I waiting for something that will be more going my way tomorrow? I prefer to secure this. Play safe. We can always re-enter on the following day. So to recap, to recap is this. Nvidia was strong. Nvidia was strong last week and had strength, even though a spy was coming down. There was bad news, but it's only affecting China. So eventually we will get a grip on that one. So we look for a bottom on old resistance, old support that became support. And eventually we look for a target that is attainable, somewhere that is possible to reach. I believed at that time that 750 was possible. We never got that today. And this is the other thing. Spy went way up as we kind of hovered down. So sometimes you have to take a decision. We were strong, but we did not behave strong throughout the day. So we took the 35. We're super happy with this. So I hope you're learning out of this, folks. And let me know your comments.