NVDA opened at $116.00, -2.8% from the prior session. The high of the day came on the 9:30 AM bar at $116.21, and the low on the 3:45 PM bar at $107.29. The last 5-minute bar closed at $108.02, -9.5% from the prior close, with a range of 7.5% in one session.
Soft U.S. manufacturing data and worry about how long big AI spending takes to pay off hit chip stocks, and Nvidia lost more market value in one day than any U.S. company before it (Reuters, via Cyprus Mail).
Could you have traded it?
Play the day from the open in Market Replay with the rest of the chart hidden, and trade it the way you normally would. These are the questions I'd want an answer to by the close:
- The high came at the open. Did you short the first bounce, or wait?
- How many times did you try to buy a bottom?
- Short: where did you trail your stop?
- Did anything in the afternoon tell you it was turning, or was it just slowing down?
Watching the replay needs no account. To trade the day yourself it has to be inside your plan's history: Free replays the last 30 weekdays, Trader the last 365 weekdays, and Quant every day since March 28, 2023.