NIO Trade on Nov 20, 2020 14:26 from beno: Tradervue User Stock Trades.

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: Fade
-Intraday pattern: Consolidation
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test short of 49 level
Confluence: Whole $, 1m-jl
Strike Zone: 48.8 - 49.2
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold above 49

Review / Lessons Learned

Managed trade poorly and left like 3R+ on the table, I should learn how to stick to my strike zones and not stop out unless they are breached cleanly! B/E here

Lessons Learned: It is clear that my trade management is still lacking and that is the cause of my under performance. Need to learn to take the draw downs as they come and stick to stops that make sense!