The selloff from last week's poor consumer sentiment continued today, which was not what I had expected, especially after I played the open correctly. At least in the tech sector everybody was sad and I mean everybody. The overall market seemed to be very mixed, but tech which is where I largely reside got clobbered. Only after the day did I fully realize how much this weekend news about Trump wanting to restrict investments really impacted to tech sector.

Live by the sword, die by the sword.

The strategies that I normally employ did not serve me well with such a volatile sector. I had intended to try to rally as much capital to buy Shopify (SHOP) if it dipped, but red arrows in a lot of other places torpedoed that approach. SHOP bottomed out at about $110 before recovering to $115. Missed opportunity.

I stayed clear of Super Micro (SMCI) today. Last week I was able to bet against them, and probably could have done so again today as they slid, but I just don't know what happens to options if they fail to meet their February 25th (tomorrow) deadline. A deadline is the last opportunity to submit something, I think if they had something to file they would have submitted it today...very suspect.

Not sure how to head into tomorrow after the beating today. The approach I have taken with many of the trades I have been making is observing what I might call "routine" fluctuations and being smart about entries and exits. With a landslide across the sector that strategy is much harder to make profitable. If I would have left Nvidia (NVDA) alone today, I would still have losses, but they would not have been so pronounced.

I am increasingly concerned that there is probably nothing that Nvidia (NVDA) can release in earnings this Wednesday (26th) that will undo the losses to the tech or semiconductor sector since last Friday.

Rough day.

Log

• Woke to what I considered really positive news from Apple. They're going to be expanding manufacturing into TSMC's (TSM) Arizona facitily which I expected to be good for my TSM calls. I was wrong, they didn't even start up at the open.
• I saw some opportunities with Nvidia (NVDA) pre-earnings fluctuation I was not prepared for the amount of selling that would continue after the open. I was able to turn some things around early in the session with positive results.
• NVDA ended up having a terrible day going down 3% (ouch) which soured my more optimistic strategy. Instead I ended up realizing a pretty hefty set of losses as a result.