Shared by
JRockTrades
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NIO had a mini-breakout from the $38.25 level and was stalling out around $39. I wanted to trade it back to the breakout area and have some position left for continuation if it happened. Had a minor execution error when I covered 30 shares at $38.44, wasn't ready to make that trade yet, but not a gamechanger.
Selling against the $39 level, which was the previous afternoon high. I could have been a little more patient and fought for a couple more pennies on the entry, but very limited risk on this trade. My stop was $39.10. Traded this down over $1, which was better than expected of a result.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-08-17 10:49:37 | NIO | -100 | $38.872 | -100 |
| 2021-08-17 11:02:44 | NIO | 30 | $38.580 | -70 |
| 2021-08-17 11:03:34 | NIO | 10 | $38.510 | -60 |
| 2021-08-17 11:10:57 | NIO | 30 | $38.440 | -30 |
| 2021-08-17 11:23:13 | NIO | 10 | $38.250 | -20 |
| 2021-08-17 11:31:18 | NIO | 10 | $38.020 | -10 |
| 2021-08-17 11:46:05 | NIO | 5 | $37.935 | -5 |
| 2021-08-17 11:55:37 | NIO | 5 | $37.780 | 0 |
Comments
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Nice trade man ✅