Nvidia is still a strong company to invest in and the recent dips provide opportunities to build up your position and for those who have previously missed the boat. However, being one of the biggest companies by market cap, one should not expect the same explosive growth of the company that it has experienced in the recent quarters.
$Tiger Brokers(TIGR)$ the main goal to trade is to make profits. If a trade is not going your way, it does not mean the trade is wrong. Close the trade and take a loss if the rules you took to open the trade no longer applies. Waiting to break even to close might not come in a very long time and the money could be used in another trade.
It is never too late to buy Nvidia stock unless you no longer see any prospect in the growth of the company and it's stock. If you are looking it only for the short term, you might want to wait for a correction before jumping in.
Is It Too Late to Buy Nvidia Stock?
Nvidia is a big AI winner right now, but how much further can the winning streak go?
$ZIM Integrated Shipping Services Ltd.(ZIM)$ I bought ZIM due to its unique position in the industry. Being a volatile stock at current position, it also allow reaping of options premium by selling the options.
$Tiger Brokers(TIGR)$ There is a difference between expenditure (spend) and investment (invest), there is also a difference between trading (speculative) and investing (speculative but for the long term). Trading is like buying 4D, you win some, you lose some. Investing is like buying a business, you win over the long term if you do enough homework. Allocate your money mainly for investment and keep some for trading when opportunity arises.
If I have a long term view of the companies, I will be adding more to the position. If I am holding for short term gains, I would let go and wait for a better price to continue.
When choosing to invest in dividend stocks, look at the following: 1. Does the stock price grow over time? It won't be good if you are receiving dividends but losing more price movements of the stock. You might need to liquidate your stocks at certain times and risk losing the overall value. 2. Does the dividend grow over time? It would be good if the dividends you receive can beat the inflation rate and even better if they can double over time.
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Support and resistance levels are subjective depending on how you draw the lines. 164 does not look like a strong support/resistance level no matter how I read the charts. Prefer to look at the 10s for support and resistance, aka 150, 160, 170 where the options strike prices are at.
Tesla Stock Breached Support. This Is Where It's Headed
Tesla stock closed below key a support level Monday, leaving investors wondering where shares are headed next into the company's key first-quarter earnings report.Tesla stock dropped 5.6% Monday, losing almost $10 and closing at $161.48 following news that Tesla would lay off more than 10% of its 140,000-strong workforce. The S&P 500 and Nasdaq Composite fell 1.2% and 1.8%, respectively.The drop Monday took Tesla below technical support levels at about $164 a share. Support and resistance are terms used by traders and technical analysts. They represent levels where investors have been willing to buy, or sell, stock in the past.Breaking through a support level leaves investors looking for the next level where declines might stop. Fairlead Strategies cofounder Katie Stockton said $148 a share represents another level of support.Stockton isn't making a fundamental call on the stock. She looks at stock charts to suss out where shares can go over the short- and medium-term. Moving averages,
Another way to look at the "competition" is that most are losing money for each of the EV cars sold and whether they can continue to do so to gain market share.
Tesla Stock Plunge: Is TSLA Heading for a Complete Reversal of Its 2023 Gains?
TSLA stock is down Friday after Tesla cut back on production in China. This is only one of many problems facing the EV maker.