NIO Trade on Dec 3, 2020 10:03 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: EV selloff again (SSR caution)
*Entry: Under VWAP,
*Risk: 1:3 - VS previous highs

Catalyst and News:

N/A

Fundamentals:

N/A

Technicals:

Double tap and fail of the 48.40s/50s level and weaker action post the usual EV sector rally.

Summation:

Entered at the retest of the 46.80s level this morning after the inital $3 blowoff from the open. Hit at the 46.70s (25s) and waited for the breakdown. Took pieces off here and there around the 46.20s resistance, and put out a small stop at the 45.30s expecting the final breakdown, and waited for more. The rebound happened as is wont to do, took off the rest at the 46.20s again. Could have covered better but otherwise okay. Looking for consistency, good calls, and recognition over everything in this market.

Takeaways:

Looks like breakdowns are starting to come here and there. Having a better idea of when setups are showing their hand and the market is turning. Taking where I should and avoiding being greedy. That's the way, and part of the process.

Don't freak about size. I think I'm starting to be okay with being small until I am consistent. Am less concerned about being wrong, and more focused on being cognizant and ready. Being truly prepared makes this substantially easier.