NVIDIA Strikes Again – The Power of Patience in Trading

NVIDIA Strikes Again – The Power of Patience in Trading

Sep 5, 2024

Hello, traders! Barrie Einarson here with another edition of “What Makes This Trade Great.” Today, we’re diving into a recent mover, APLD (Applied Digital Corporation). Now, I like to call this one “NVIDIA strikes again,” and here’s why. To Subscribe: https://go.trade-ideas.com/SHQ
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NVIDIA’s Bold Move

Recently, it was disclosed that NVIDIA, the tech giant we all know, took a stake in APLD. While the exact percentage wasn’t clear, this news alone sent waves through the market. And here’s where it gets interesting – APLD isn’t your typical low-float stock; it’s got a whopping 120 million shares in the float. That makes today’s action all the more impressive, as we’re currently looking at a 68% increase!

AI Alerts and Timing

This trade was flagged by our AI at $4.84, and if you check out the chart, you’ll notice the blue arrow marking that very moment. Now, I know some of you might have seen the initial pop to $5.12 and thought, “I’ve missed it!” But here’s the beauty of trading with AI – it’s all about patience and strategy.

You didn’t need to jump in right away. The market can be choppy, and if you felt hesitant or wanted to wait for a clearer signal, that’s perfectly fine. In fact, if you held on and kept an eye on it, you’d have noticed a perfect setup forming about 30 to 45 minutes later. And boom! That’s when the real move happened – a steady climb that kept pushing to new highs.

The Power of Patience

This brings me to an essential lesson for all traders: Don’t rush your entries. The AI gives us a heads-up, but that doesn’t mean we have to pull the trigger immediately. Stocks like APLD can offer multiple opportunities throughout the day. Keep watching, wait for confirmation, and when the moment is right – that’s when you strike.

Final Thoughts

So, if you ever feel like you’ve “missed it” when trading, think again. The market has a way of giving second chances to those who stay vigilant and patient. With tools like our AI alerts, you’ve got an edge – use it wisely, and remember, it’s all about finding that perfect moment to make your move. Check out my homepage for more information.

I’m heading back to the trading room now. Keep your eyes on the market, and I’ll see you tomorrow!

Happy trading, everyone!