Classic Straddle Pattern, I totaled misread.

١٦ نوفمبر ٢٠١٨

Feeling a lot of pain this AM with a very bad chart read yesterday. A collapsing triangle pattern is a classic opportunity to run a Straddle as a breakout is certain, but direction is uncertain. That's where Fundamental Analysis comes in. With the chip sector in bear market territory and AMD missing on the quarter earlier, and the crypto currency market in decline and the earnings of ATVI and EA down, this should have been an easy guess to the downside for NVDA which operates in all those spaces. So, I am calling myself out for being really stupid yesterday and getting faked by the pump. The trade yesterday was super, in at 200, out at 205. But it's all going back today. Deep Sigh.