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 12 level
Confluence: Whole $, PM Level
Strike Zone: 12.3 - 12
Sizing (lots + emergency): 2 + 1
Risk (stop / Rs): Hold below 12
Review / Lessons Learned
Took my starter lot in 12.3's because thats where market structure starter, added another lot near 12, it struggled to bounce but ended up bouncing huge. Still trade of the day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-08 14:51:18 | NIO | buy | $12.320 | long |
| 2020-07-08 14:51:18 | NIO | buy | $12.320 | long |
| 2020-07-08 14:52:53 | NIO | buy | $12.090 | long |
| 2020-07-08 14:52:53 | NIO | buy | $12.090 | long |
| 2020-07-08 14:52:53 | NIO | buy | $12.090 | long |
| 2020-07-08 14:53:58 | NIO | sell | $12.340 | long |
| 2020-07-08 14:54:08 | NIO | sell | $12.370 | long |
| 2020-07-08 14:55:43 | NIO | sell | $12.340 | long |
| 2020-07-08 14:55:57 | NIO | sell | $12.420 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!