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
-Aug 27 2020: $75M share offering at $17 per share
-Nov 02 2020: Deliveries up 110% M/M, JPM upgrades to buy & $40 PT
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Runner
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 39.75
Confluence: N/a
Strike Zone: 39.85 - 39.5
Sizing (lots + emergency): 250 (wanted to get bigger but couldn't due to margin)
Risk (stop / Rs): Hold below 39.5
Review / Lessons Learned
A++ trade, got as big as I could, was heavily restricted on size due to margin. +1R only, Next time I'll hold for a 15m chart structure target instead of only micro structure.
Lessons Learned: On really good FT-15 setups, hold half for longer and take advantage of 15m chart structure targets!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-11-05 13:37:50 | NIO | buy | $39.930 | long |
| 2020-11-05 13:37:50 | NIO | buy | $39.930 | long |
| 2020-11-05 13:43:54 | NIO | sell | $40.050 | long |
| 2020-11-05 13:43:54 | NIO | sell | $40.050 | long |
| 2020-11-05 13:46:25 | NIO | sell | $40.170 | long |
| 2020-11-05 13:53:50 | NIO | sell | $40.320 | long |
| 2020-11-05 13:54:15 | NIO | sell | $40.230 | 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!