Shared by
Runner73
This was a Change in Fundamentals play, vehicle delivery was up about 100% YOY, it was so extended on the daily chart, so for beginning I took it long for initial up move when I realized that stock is holding 70 cents on the bid, sold it when it was overextended, but the main play was to the short side, stock is stretched to the upside on daily chart, and need to pullback a bit on biger timeframe, so I waited when stock lost VWAP, waited for retracement below VWAP, took it short, was stopped out, but when stock broke above VWAP I saw weakness on the tape and short it again with small risk, was shorting it for the entire day
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-02 09:37:11 | NIO | buy | $33.720 | long |
| 2020-11-02 09:45:04 | NIO | sell | $34.640 | 0 |
| 2020-11-02 10:12:05 | NIO | sell | $33.560 | short |
| 2020-11-02 10:17:32 | NIO | buy | $34.060 | 0 |
| 2020-11-02 10:20:19 | NIO | sell | $33.890 | short |
| 2020-11-02 10:35:43 | NIO | buy | $32.970 | short |
| 2020-11-02 11:01:23 | NIO | buy | $32.740 | 0 |
| 2020-11-02 13:06:11 | NIO | sell | $32.740 | short |
| 2020-11-02 13:27:32 | NIO | sell | $32.700 | short |
| 2020-11-02 13:41:47 | NIO | buy | $33.100 | 0 |
| 2020-11-02 13:48:06 | NIO | sell | $33.230 | short |
| 2020-11-02 13:57:29 | NIO | buy | $32.710 | 0 |
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