Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Jan 2020: Tesla sympathy play
-Jan 2020: Rumors about a $1 billion cash infusion from GAC Group
-Jan 2020: Lots of funding news lately
-Jun 03 2020: Upgraded to buy at GS
-Jul 08 2020: sympathy movement from TSLA / EV sector
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: Very volatile day for such a large float, 567m traded!
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 13.75 level
Confluence: Half $, PM Level
Strike Zone: 13.75 - 13.5
Sizing (lots + emergency): 2 + 1
Risk (stop / Rs):
Review / Lessons Learned
Couldn't take as many lots due to margin reqs, had to use emergency lot and recycling to turn trade green as selling pressure was too high
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-08 13:41:55 | NIO | buy | $13.820 | long |
| 2020-07-08 13:41:55 | NIO | buy | $13.820 | long |
| 2020-07-08 13:41:55 | NIO | buy | $13.820 | long |
| 2020-07-08 13:42:22 | NIO | buy | $13.730 | long |
| 2020-07-08 13:43:17 | NIO | sell | $13.840 | long |
| 2020-07-08 13:43:30 | NIO | sell | $13.860 | long |
| 2020-07-08 13:46:01 | NIO | buy | $13.550 | long |
| 2020-07-08 13:46:01 | NIO | buy | $13.550 | long |
| 2020-07-08 13:47:12 | NIO | sell | $13.670 | long |
| 2020-07-08 13:51:08 | NIO | sell | $13.680 | long |
| 2020-07-08 13:51:20 | NIO | sell | $13.670 | long |
| 2020-07-08 13:51:20 | NIO | sell | $13.670 | long |
| 2020-07-08 13:51:20 | NIO | sell | $13.670 | 0 |
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