After a sharp sell off on Nasdaq last Thursday, Nick ("Tradernick") shared a buy position on the index with VIP discord users. At the 15004.01 mark Nick saw a break & retest that looked to be a forming a new trend. Additionally NVDA earnings were very optimistic for tech stocks which made the dip look even more appealing. He set his stop loss at 14872.38 in the case the index broke past lows. Unfortunately, after a couple hours the trade was stopped out for a small loss. However, Nick remained bullish on NASDAQ and continued to keep an eye on its movement.
The following day, Nick saw what looked like a new bottom forming for NASDAQ and took a new position with the same bullish bias he formed the day before. Keeping his stops tight again in case the trade didn't go as planned.
Throughout an extremely volatile day, Nasdaq just barely missed Nick's stop loss before changing direction.
After a few days of uncertainty with the pair, Nasdaq finally made a strong movement to the upside proving Nick's analysis to be correct. Throughout the week, the index continues to go higher and higher. Checkout the crazy progression of this trade:
August 28, 2023
August, 29, 2023
August 31, 2023
This NASDAQ trade has become a massive winner for Nick but we would be lying if we said all of his trades work out this way. In fact, this month as a whole has been a negative month for him. All traders have highs and lows and we are no exception to that!
Overall, this year has been a positive one for Nick with only a few short drawdowns. Want to see Nick's trades live? Join the VIP discord to get notified
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