NIO Trade on Aug 24, 2020 09:25 from spyrosz: Tradervue User Stock Trades.

2nd time I try the break-out of R1=$14.5 at NIO.

Nice daily + good premarket action with NIO about to open right in-front of R1=$14.5.
It started taking-off a few minutes before the bell, so:

got long filler size premarket, risking premarket pivot support=$14.35, expecting the push to R2=$15 and then R3=$15.5s.

Well, NIO exploded at the open and tested R2=$15, rejected the level and rolled-over back to R1=$14.5, with overall market (and esp. tech) being extremely weak at the open.
I thought that was a market gift to load more shares in-front of the break-out level.

slowly and very carefully got long more shares close to R1=$14.5, risking same stop $14.35s.

Well, market weakness kinda killed this 1st trade, as NIO broke below R1 and sold-off lower. Stopped out per plan.

However, I kept it on close watch and got back in very quickly, when I saw the squeeze back above R1=$14.5, risking LOD=$14.3.

NIO put a higher low this time, managed to reclaim VWAP and hold above.
Added a bit more, risking same stop as with other size, expecting the afternoon rally above R2=$15.

Well, we got there by the bell.
Still holding the whole size with offers at $15.3 and $15.9s.

(+) The executions on the 1st long trade were really on-point.
(+) Good risk management, saving risk for a 2nd attempt that ended up working perfectly.

Holy Molly +18% day...Very difficult to catch if not in from lower prices...
Sold maybe a bit too much size too early. Shoud have been way more patient taking profits here, after seeing the HUGE volume at the open and RVOL>>2.0.

Still have about 40% of original size on, next offer sitting at $20!!

2nd Day and another +14%...Holds well...Hoping for a blow-off top to send more.
Still holding about 30% of original size.

Shit, they announced a 2nd offering. -$2 post-market..Ouch:/

Sold some more after rejected ATHs and rolled over + TSLA extremely weak + QQQs weak as well. Better safe than sorry...
Still in with stop below $18.

Update 09/03/2020
All good things come to an end.