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
-Aug 11 2020: Earnings: Revs up 146% Y/Q and up 171% Q/Q, Deliveries up 322% Y/Y
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Gap & Crap
-Other notes: Straight liquidation in the morning
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 14.4
Confluence: Gap Fill, Prior Close
Strike Zone: 14.5 - 14.2
Sizing (lots + emergency): 1250
Risk (stop / Rs): 13.99 / Hold below 14
Review / Lessons Learned
Got shaken out right at the bottom, tape was going fast, PA made 13.8 bottomed then retraced above 14, it went back to test the 13.8 low and that's when I got shaken out..
Lessons Learned: If stock bottomed below your stop but quickly retraced above it, use that market structure low as risk!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-11 09:33:49 | NIO | buy | $14.600 | long |
| 2020-08-11 09:34:03 | NIO | buy | $14.530 | long |
| 2020-08-11 09:34:06 | NIO | buy | $14.490 | long |
| 2020-08-11 09:34:06 | NIO | buy | $14.490 | long |
| 2020-08-11 09:34:06 | NIO | buy | $14.490 | long |
| 2020-08-11 09:34:59 | NIO | buy | $14.340 | long |
| 2020-08-11 09:34:59 | NIO | buy | $14.340 | long |
| 2020-08-11 09:34:59 | NIO | buy | $14.340 | long |
| 2020-08-11 09:35:26 | NIO | buy | $14.180 | long |
| 2020-08-11 09:35:26 | NIO | buy | $14.180 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.830 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.832 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.830 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.830 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.830 | long |
| 2020-08-11 09:36:14 | NIO | sell | $13.830 | 0 |
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