Need to do an in-depth review of this trade. This one should have been an easy trade, easy profits, nice and chill. Instead I've been in and out twice over the course of a week.
After failing to get into NIO short using a spread, I ended up shorting shares. Overextended on the weekly charts, last week was an indecisive candle in the zone. I shorted with a stop above last week's peak, risking 2%.
8/8 NIO gapped down in the morning, which made it too tempting not to trail. Moved my stop to break even, but then tightened it up so I could take profits and get back in later.
I have an alert set to get back in if we keep coming down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-08-07 11:02:00 | NIO | sell | $14.720 | short |
2023-08-08 14:57:16 | NIO | buy | $14.140 | 0 |
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