Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 198.54

-4.1%

Nov 4 3:59 PM EST

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From: Trader J	8/14/2024 10:04:11 AM
	of 56532

TRADE: Added another leg of CLF at $12.60. Sitting at a 52WL. I have two more legs I could add but waiting to see if this trade gets even better. As it hits screens for potentially making a new low, it could generate some more selling. This remains one of my primary position trades and I didn't think I'd see this price again. That said, the risk here is that I don't know what, if at all, the presidential race could impact price potential. It would stand to reason that any better infrastructure spending/outlook would benefit their market but I haven't looked at correlation here. This is simply one of those stocks I've developed a comfort with related to its price range. I have no time objective with CLF. It could be a one week hold or 6 mos. To date, I've never lost on the the trade.

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