You wanna bet against NVDA? Go ahead. Not me, though.NVIDIA CorporationBATS:NVDAredwingcoachThis is now my 7th idea for NVDA. It's been a while, and I don't really know why. I guess maybe it seems tiresome posting ideas about the same stocks over and over again. But you know what isn't tiresome? Making money on those same stocks over and over again. The yellow circles represent the entries for my previous ideas. Those trades were made during one of the worst 4 month stretches for NVDA in a LONG time. It lost about 19% for buy and holders during that time. I won't make you go back and data mine the results of my trades in that span. Here are all 12 lots I traded in those 6 ideas: +8.1% in 6 trading days +9.90% in 5 trading days +14.50% in 3 trading days +4.89% in 1 trading day +0.74% in 1 trading day +0.50% in 1 trading day +1.80% in 1 trading day +2.30% in 2 trading days +3.40% in 1 trading day +8.80% in 1 trading day +2.60% in 9 trading days +12.31% in 4 trading days I trade equal dollar lot sizes so those 12 trades produced a total non-compunded return of just under +70% WHILE the stock was falling 19%. That's not self-promotion, that's a prelude to what comes next. I'm not afraid of the stock dropping from here. If I was, I would not make the trade. The reality is that the way I trade actually works better when stocks move sideways or are falling than when they are in strong uptrends. Since April, my algo has only generated 5 signals on NVDA. I've only traded 2 of them before this, but all 5 are marked with white arrows. Add those to the ones from previous ideas and we are looking at a total gain of +92% or so since November. While the most recent signal prior to this one is a loser SO FAR, it actually presents a better opportunity. Historically, the returns on the 2nd entry (adding to an existing trade) are MUCH better than the initial entry returns. Luckily, I didn't trade that most recent signal, so I get to try to grab more juice with less squeeze. I won't lie, if employment falters after that inflation read we got today, it could be the beginning of a rough period for stocks. But I also know that virtually nobody can predict macro with any degree of success, least of all me. I'd also rather hitch my wagon to NVDA than to the vast majority of stocks in a generally overpriced market. Add to all that the fact that they are pulling in over $500m a DAY in revenues, roughly 50% more than a year ago - and Wall St. is sad about that, apparently. The stock also is resting RIGHT on near term support and there is more close by, which makes me take this trade enthusiastically. A word of caution, though. If the whole market goes down, NVDA will too and that could lengthen the time it takes to close here. I only trade the stock, so time isn't really an issue for me. For someone trading short dated options, it would be a disaster if this runs for a while. My long entry price is 174.18 at the close today. I can and will add to the position tactically if good opportunities present themselves and I will update this idea whenever I add or sell lots. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.