Shared by
Beghilhorst
One of the stocks I always follow and regularly trade, NIO was particularly in play due to positive news.
As it ran up PM I took a Gap&Go trade at the bell, but instead of making a quick scalp I scaled out half, only to have the other half stopped out. Should have moved my stop to break-even. This trade could have easily been a green one.
Two minutes later it surged up and broke HOD, with a slight fomo entry on my part as it got extended fast. I had a conservative stop at 23.73, so this position served as a bit of a base. The stock retraced around 50% and set up for a pullback entry. Since I know NIO a bit, I felt confident in adding and once the stock found 9 SMA support it had a very nice run, in which I took partials along the way during the first run up.
Very happy with this second trade, especially with the add that really helped the profits in this trade (over 2R).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-14 09:30:17 | NIO | buy | $24.075 | long |
| 2020-10-14 09:30:33 | NIO | sell | $24.180 | long |
| 2020-10-14 09:30:48 | NIO | sell | $23.920 | 0 |
| 2020-10-14 09:33:54 | NIO | buy | $24.270 | long |
| 2020-10-14 09:37:08 | NIO | buy | $24.210 | long |
| 2020-10-14 09:44:24 | NIO | sell | $24.615 | long |
| 2020-10-14 09:46:17 | NIO | sell | $24.855 | long |
| 2020-10-14 09:50:59 | NIO | sell | $24.935 | 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!