Chip maker Nvidia said revenue in its recently completed quarter more than doubled from a year ago, setting a new company record, and projected that surging interest in artificial intelligence is propelling its business faster than expected.
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Imagine being up 9% and not locking in profits. Well, that's what happened with the Nvidia stock and Nvidia investors if they didn't lock in profit. So check this out. Nvidia went from being up 9% after market hours.
You guys could see this right on over here. Uh, reported earnings yesterday and rightfully so. Nvidia had amazing earnings. They beat expectation for both earnings per share and for Revenue it gapped up to 5911.
Today went from 9% in the green all the way back down down to $480 a share and it's still selling off. And guess who shorted it today right here, right? It was all caught within our live trading session with the Lpp team. So if you're part of the Lpp team, feel free to check out today's live stream meals within the first 15 minutes of the market open. That I caught the majority of the sell off and boy was it good.
If you want to see how much money I made, I just shared it on my Instagram account and it's the third link in the description down below. make sure you follow. But that being said, lower lows, lower highs it looks like the market is still weak. The NASDAQ Market is not doing any better.
Look at all of this selling pressure. The Bears are to claim it back. The market has pretty much given back everything that it gained yesterday, right? Yesterday was a spectacular day for the overall NASDAQ Market But guess what? The bare Market's not over, right? The the bare session is not over. Uh, we have seen consistent signs of lower lows and lower highs and it looks like based off of what is happening today is getting us really well prepared for tomorrow's Jackson Hole meeting.
For those that are unaware. Jerome Pal who is the head of the Federal Reserve will be speaking during a conference in Wyoming and this is going to be at 10:05 in the morning which is 35 minutes after the Market opens. I will be live streaming it for free on this YouTube channel. So just another reason to subscribe.
But one thing that I do want to share with you is how significant this move is for the bears. but also why maybe the Bears should be very careful, especially with some volatility that might present itself right before the Jackson Hole meeting. So you know the NASDAQ Market is up. Um, what is it? It's down.
1.18% Sqqq goes up when the NASDAQ Market goes down so it doesn't look like a crazy day, right? 3.75 Like, what is that? H It's not a crazy day, but we have to give credit words too. It was down to $18 a share 1822 and right now it's trading at 1975. that is an 8.5% move. And this is the thing that I shared with our Lpp Traders and what? I just shared with them right now before this video.
Um, before I started filming this video and it's how overbought now is Sqqq and how oversold is QQQ right? So now it kind of brings up the question of like, well, how much more can the market sell off before it begins to actually recover And that's what I'm preparing for right now. It's pretty early within the day, right? It's been 2 hours since Market has opened. We have a lot more time and again. what is going to get factored in from the Jackson Hole meeting? It's not guaranteed that the market has to recover, but based off of that aggressive selloff, it's something that I'm staying patient for. I Set my alert right on over here. If we continue to sell off, I'm just going to continue to short the market, but I wanted to do it in front of you guys. If we actually begin to show signs of higher highs and higher lows above the em on QQQ then maybe we can go begin to go long, right? And it's only right. Only the people that freak out when the market sells off are those that did not prepare.
So I can guarantee you that there's going to be people complaining in the comment section and it's just because they're bag holding right? They didn't understand the importance of locking and profits. They got very hopeful. and guess what they paid the price today. Nothing is guaranteed in this market and you are remembered every single day.
So I Set my alert for the break above I Set my alert for the break below. Yes, we are oversold, but the cheap can always get cheaper. but of course, great upside potential, especially right before the Jackson Hole meeting. Will the market continue to sell off? Or will the market begin to recover? Who cares, right? Set your alerts instead of trying to predict always.
Let's just take time to prepare, right? So I really do appreciate you guys Time again if you guys want to check out how much money I made shorting a video I Traded in a video with $175,000 I was shorting it with $175,000 and it was a pretty significant move I Had a lot of fun with it and if you want to check that out again, make sure you guys check out my Instagram which is the third link in the description down below. I'll see you tomorrow for the Jackson Hole meeting. Make sure you guys subscribe to the channel, but if you want to watch me trade live as soon as tomorrow when the Market opens, that is exclusive for the Lpp team and that is the second link in the description down below. If you want to learn more about it like always, let's make sure that we in the year on a green up take it to the team.
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🎰 ♣️🎲🎰♣️🎰 ♦️ ♣️🎰🎲😜
Congrats u marry
Why u not trade in forex now
what was your profit on nvda
Do you ever trade the ETFs SOXS and SOXL?
heck yes. I've been a bear since August 16th. I thought I may have made the wrong decision after this week. but alas. the macro picture doesn't lie. cash. metals. inverse etfs. all day long.
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how are people able to sell after hours
What did he bank on it
I’m stil holding 320 shares of nvidia since it was $31.23per share,
Never understood why people are selling good companies for 5-8% of profit
Is Iwm got head and shoulders pattern complete for last 10 days trading?
you will lose again like yesterday..
yeah we saw you yesterday you lost your money
Investment 101: How to lose your money lmao
So what were your gains on your NVDA short today? I looked on your IG account and I see no mention.
Sold SQQQ at $19.31 today, because I was merely expecting a market gap fill, not a complete nose-dive.
Monster Trade going down and making 202 K in several weeks !!!!
I short the Nasdaq and I’m happy, 400 points
I never short nvda before earnings or right after.
SELL VOLATILITY DONT BUY! Both puts and calls got hosed as the pricing is just too high.
Jerome Powell never says anything. The Jacksome Hole will be a whole lot of nothing!
Ricky is a Baller with the SQQQ and TQQQ 🤟and NVDA
thank yyou for all videos specialy the live streams. can you make a video explaining your stand against amc?
WHY IM BUYING TODAY. THIS IS NOT A BEAR MARKET MOVE. ITS A FEDZILLA MOVE. AND NO ONE KNOWS WHAT THE HELL HE GOING SAY. EXCEPT THE SAME DAM THING HE BEEN SAYING FOR THE LAST 18 MONTH. WHY I HAVE DRY PIWDER.
Bulls in the afternoon…👍👍
Love that you were right on this one!
Should have sold my NVDA yesterday after the spike lol. Spent a day in a half watching it to make 100 bucks gah
Nvidia or Navidia