Merlin’s Capital

Merlin’s Capital

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Merlin’s Capital
Merlin’s Capital
5/22 NVDA ER
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5/22 NVDA ER

Liquidity in markets, plus other ER's

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Merlin Capital
May 22, 2024
∙ Paid
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Merlin’s Capital
Merlin’s Capital
5/22 NVDA ER
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FORWARD

I’m sure you had no idea that today was NVDA ER today, since its a pretty obscure and elusive stock. You might not have even ever heard the word NVDA before.

That’s all ok, because the wiz has the download from the street on how they think it will play out, and am going to walk you through its ER as well as others today.

I’ve been busy, we got a new puppy, the wiz wife is pregnant, and there’s 2 businesses plus a substack to run.

My life hasn’t seemed to slow down at all lately. In fact, I’m trying to take a small quieter hiatus from twitter. I love writing my wizstack (most of the time) and my psychiatrist thinks getting a puppy should help me with my talking to muppets problem, so I won’t be going anywhere, except for the normal vacays...

Gwen says the dog is my emotional support for this round of pregnancy…which to be honest, I’d say I’m the pretty calm wiz here.

But, this summer with financial conditions continuing to loosen, it should be easy to long if we receive the all clear today from NVDA. Our mantra for this summer is “less is more.”

Less time trading, more returns

Less time in front of a desk, more mental health

Less time spent studying, more time spent living

That’s why we trade, and we’ve had HUGE wins this year. I think in the top 10 trades so far this year, we’ve been in a lot of them.

January > AMD to 200

February > CLSK 7 to 22

February > CRSP 75 to 93

March > GOOGL 132 > 155

March > DIS 110>123

Apr > SPY 530>493

Apr> XBI 92>81

Apr > XBI 82>88

Each month, we’ve posted huge moves, but they were all concentrated and disciplined. It’s been about patience in all of these plays. A lot of days of boredom. But boredom is good, especially with these who can make your entire month. We don’t want to be constantly gunslinging on our trades. There is a time and occasional place for some gunslinging, like the days I come back from trading and feel like a 400 year old wiz and not a 674 year old wiz. I also want to acknowledge briefly, for as magical as I am, I do get stuff wrong. My SHOP 0.00%↑ IHS call didn’t work out in the end at the end of March. But, it’s about having more on the scoreboard in the right column, managing your risk down, and not full porting every play, because the last wiz play went +1500% or something lol.

As most traders learn, long swings are the way. In fact, my corny joke is “everyone ends up swinging eventually” ;)

Markets are stagnant in the face of NVDA ER but Poised for a large move

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