A1 Trading Company

August 31, 2023

TraderNick's Nasdaq Trade Soars Higher

A1 Trading

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.

A New Bottom for Nasdaq?

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.

Nasdaq Soars to the Upside

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

Full Transparency

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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DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
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