One Clean Short on NVDA
Daily Trading Recap - 3/30/26
TLDR
No trades all morning, nothing worth forcing on a Monday
Small caps in play (ELAB, ASTC, BFRG) but all low quality with no clean setups
Shorted NVDA on the afternoon breakdown below the low of day range, covered at the close
Markets still weak with no capitulation washout yet
Trades I Took
NVDA
I didn’t touch anything all morning. It was Monday, the setups weren’t there, and I wasn’t about to force something just to be active. A few small caps were floating around (ELAB, ASTC, BFRG) but they were all low quality and none of them offered anything clean, so I was happy to sit on my hands.
In the afternoon, NVDA started setting up for a breakdown. It had been trading on the lower end of its range all morning, sitting under the big daily pivot at 170 and below Friday’s low. All the confluence was lined up, so when it broke the low of day range I shorted it and caught some continuation to the downside. Covered it at the close.
Takeaways
Patience worked for me today. It’s been a long time since I actually sat out the entire opening session. Monday mornings don’t owe you anything, and forcing action on low quality setups is how you start the week in a hole. The NVDA short was a good reminder that when the setup comes to you with real confluence, the execution feels easy.
Tomorrow’s Focus
Keep the same patience from today and only engage when the confluence is obvious.
Question for Readers
How do you stay engaged and sharp on days when there’s nothing worth trading all morning? Do you step away from screens or stay glued in?