If you’re questioning about taking profits, then it’s time to take profits.
TravelingBlueWater on
Yes
Embarrassed-Virus579 on
We usually get greedy and hold til it goes red, you should learn how to do that by now if you stay on this sub long enough.
FlexxSquad on
I’m taking profits no later then wed. You do you! But that’s a nice win and taking profits is never a loss
Iclouda on
A wise man would tell you to take profits but wouldn’t it be cool if it went up more? 😎
chewbaccashotlast on
For me, of course. But I don’t play earnings unless owning stock or shorting it.
suddenly-scrooge on
I feel like earnings for NVDA have become too obvious of a play, so I sold (it was like 10% of my portfolio). That’s partly or mostly because I’m trying to dial back my risk at the moment so ymmv, if I was in a dice rolling mood I probably would have held
Business_Reindeer571 on
Long term
PckMan on
If you have to ask then yes.
caprishouz on
But what If it goes up another 73% 👀👀
Furina-OjouSama on
don’t push your luck smh
NotHereFirst on
Here is my question tho. Will NVDA have anything bad to say? Will their numbers be lower? Are companies using AI more or less?
xOP-pioneer on
Once you start wondering about taking profits, TAKE EM
Pure-Distribution-51 on
Yes do it. I did the same with micron last earnings. I was up $4000 then down -$1000 the next day. Don’t let greed take over.
caprishouz on
I’m more interested on your entry point! That’s a nice entry. On August 5th you could’ve gotten for $500 less. It’s as if you waited for some sort of confirmation of an uptrend prior to entering this position.
Did you? Or just random?
slimlickens29 on
Why not sell one and let the other one run
sorrychangedmyname on
After BROS shut the bed with an earnings report where they beat EPS and were expanding, I’ll forever take my profits before a report and just be happy with what I got.
Arkanslaughter on
Your expiration is December. They’ll literally have another round of earnings before this thing expires. I have no doubt it will achieve ATH by then. But everyone has their own risk tolerance.
JoJoPizzaG on
I took half of my position off. If NVDA burns and die, I still don’t loss much.
Money_Ball_3396 on
Good enough to screen shot good enough to cash 💰
Prose_Practice on
Sell one and let the other one run til December
Philly_3D on
Hold. If you didn’t risk more than you could afford to lose, then you hold. Earnings cause a spike and then go up even more. The news is going to be good. Look at the carts as to what has happened over the last 2 earnings cycles.
EscapedConvictOnAcid on
I would roll the dice and go for it. Just me though
Jhco022 on
Nah hold. $3k won’t help you quit Wendy’s.
x7331 on
Roll it
scarr34 on
I’ve been burned letting it ride many times.
Fearless_Equale on
Let it play out. Plenty of time.
coffeebro32 on
Ya can’t go broke taking profits.
relaxwhyyousoangry on
People saying take profit aren’t looking at expiration. Take profit on one and let the other run. It’s going to $140-$150 at some point between now and that expiration.
hashtagBob on
What app is this?
heyitsmemaya on
You need to determine your own risk level. I don’t mean that snarky but eventually it will help you become a better trader.
For me for example, I might close this and take profits most of the times. However if I’m really high conviction and can stand to lose I’ll “roll the dice” as you say.
Eventually you’ll get comfortable with what you’re comfortable with. Then you may want to make a game or rule out of it. “If options increase >= x%, take profit” or “if down -y% or more, cut losses”, again as a general rule.
I will tell you most of my biggest gains and biggest losses come from not following my own rules, lol
But, I definitely 100% attribute my long term average growth and gains to following a kind of rule that makes sense for me.
When I first started I said I would be okay losing $100… then it became $250… then it became $1,000. That’s not to say I’m happy to lose $1,000 but after that point I have a hard decision to make that the market is moving against me and maybe I need to cut losses or I need to stop buying.
Obviously options are a little different due to the effective built in end date of the exercise / assignment. You may hear people say “Close your options at 50% gain and roll them” which can be effective. There are some complex ways to think about this using theta, delta and other financial concepts but they aren’t always necessary if they override what you’re willing to lose.
Lastly, I’ve been known to enter a position and have it gain as little as 3% overnight and just take profits. Why? Because of volatility and it being a gift that I can re enter again.
Hope this helps—
Xoxo
Maya
Improbably_Possible on
O-ohhh take the money and run!!!
Past-Squash1125 on
Why do you want to sell Nvidia?
Key-Pomegranate-2086 on
Yes take, your contract position is extremely expensive.
Ok_Garbage7339 on
You guys profit?
alejofdez10 on
Sell one and keep the other, if it goes to 0, at least you only lose 500ish bucks instead of the whole 4k
kav172 on
sell one. that takes 87% of your original risk out. You cap your downside, while maintaining good exposure to potential upside.
This is assuming you have no specific thesis regarding NVDA. If you have reason to believe that the stock will appreciate or depreciate after earnings that the market is not aware of right now (which i highly doubt you do), then trade accordingly.
Difficult_Fig_1582 on
Definitely take the gain
ManBearPig_1983 on
Sell you shit, bruh.
ItsSevii on
Absolutely. Cash out while IV is up
richze on
Looking at my last nine months of trading : almost every loss looked like this at some point. I rarely regret taking 30% gains and walking away but watching a position go from +30% to -90% keeps me up at night.
Sell it and buy some NVDS lotto puts.
illini2002 on
Profits
bteeling on
Im in a similar boat but with $130 calls 9/20 expiration. They’re up just over 100% and I’m thinking of taking either all profits on Wednesday or all but one and letting the other run.
nohiddenmeaning on
Noone ever got broke because they took profits.
EfficientPizza on
Hold and win 
Hold and lose 
Take profits early 
bobafettbounthunting on
Depends. If it’s more than 2 weekly paychecks, then yes.
46 Comments
If you’re questioning about taking profits, then it’s time to take profits.
Yes
We usually get greedy and hold til it goes red, you should learn how to do that by now if you stay on this sub long enough.
I’m taking profits no later then wed. You do you! But that’s a nice win and taking profits is never a loss
A wise man would tell you to take profits but wouldn’t it be cool if it went up more? 😎
For me, of course. But I don’t play earnings unless owning stock or shorting it.
I feel like earnings for NVDA have become too obvious of a play, so I sold (it was like 10% of my portfolio). That’s partly or mostly because I’m trying to dial back my risk at the moment so ymmv, if I was in a dice rolling mood I probably would have held
Long term
If you have to ask then yes.
But what If it goes up another 73% 👀👀
don’t push your luck smh
Here is my question tho. Will NVDA have anything bad to say? Will their numbers be lower? Are companies using AI more or less?
Once you start wondering about taking profits, TAKE EM
Yes do it. I did the same with micron last earnings. I was up $4000 then down -$1000 the next day. Don’t let greed take over.
I’m more interested on your entry point! That’s a nice entry. On August 5th you could’ve gotten for $500 less. It’s as if you waited for some sort of confirmation of an uptrend prior to entering this position.
Did you? Or just random?
Why not sell one and let the other one run
After BROS shut the bed with an earnings report where they beat EPS and were expanding, I’ll forever take my profits before a report and just be happy with what I got.
Your expiration is December. They’ll literally have another round of earnings before this thing expires. I have no doubt it will achieve ATH by then. But everyone has their own risk tolerance.
I took half of my position off. If NVDA burns and die, I still don’t loss much.
Good enough to screen shot good enough to cash 💰
Sell one and let the other one run til December
Hold. If you didn’t risk more than you could afford to lose, then you hold. Earnings cause a spike and then go up even more. The news is going to be good. Look at the carts as to what has happened over the last 2 earnings cycles.
I would roll the dice and go for it. Just me though
Nah hold. $3k won’t help you quit Wendy’s.
Roll it
I’ve been burned letting it ride many times.
Let it play out. Plenty of time.
Ya can’t go broke taking profits.
People saying take profit aren’t looking at expiration. Take profit on one and let the other run. It’s going to $140-$150 at some point between now and that expiration.
What app is this?
You need to determine your own risk level. I don’t mean that snarky but eventually it will help you become a better trader.
For me for example, I might close this and take profits most of the times. However if I’m really high conviction and can stand to lose I’ll “roll the dice” as you say.
Eventually you’ll get comfortable with what you’re comfortable with. Then you may want to make a game or rule out of it. “If options increase >= x%, take profit” or “if down -y% or more, cut losses”, again as a general rule.
I will tell you most of my biggest gains and biggest losses come from not following my own rules, lol
But, I definitely 100% attribute my long term average growth and gains to following a kind of rule that makes sense for me.
When I first started I said I would be okay losing $100… then it became $250… then it became $1,000. That’s not to say I’m happy to lose $1,000 but after that point I have a hard decision to make that the market is moving against me and maybe I need to cut losses or I need to stop buying.
Obviously options are a little different due to the effective built in end date of the exercise / assignment. You may hear people say “Close your options at 50% gain and roll them” which can be effective. There are some complex ways to think about this using theta, delta and other financial concepts but they aren’t always necessary if they override what you’re willing to lose.
Lastly, I’ve been known to enter a position and have it gain as little as 3% overnight and just take profits. Why? Because of volatility and it being a gift that I can re enter again.
Hope this helps—
Xoxo
Maya
O-ohhh take the money and run!!!
Why do you want to sell Nvidia?
Yes take, your contract position is extremely expensive.
You guys profit?
Sell one and keep the other, if it goes to 0, at least you only lose 500ish bucks instead of the whole 4k
sell one. that takes 87% of your original risk out. You cap your downside, while maintaining good exposure to potential upside.
This is assuming you have no specific thesis regarding NVDA. If you have reason to believe that the stock will appreciate or depreciate after earnings that the market is not aware of right now (which i highly doubt you do), then trade accordingly.
Definitely take the gain
Sell you shit, bruh.
Absolutely. Cash out while IV is up
Looking at my last nine months of trading : almost every loss looked like this at some point. I rarely regret taking 30% gains and walking away but watching a position go from +30% to -90% keeps me up at night.
Sell it and buy some NVDS lotto puts.
Profits
Im in a similar boat but with $130 calls 9/20 expiration. They’re up just over 100% and I’m thinking of taking either all profits on Wednesday or all but one and letting the other run.
Noone ever got broke because they took profits.
Hold and win 
Hold and lose 
Take profits early 
Depends. If it’s more than 2 weekly paychecks, then yes.