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NorthCountry
Jan 8, 2021 12:20 AM

Holding on till Monday, then see what happens after that. Long

NIO Inc.NYSE

Description

Well everything is looking good so far. We appear to be in a up trend which is good.

If we have good news on NIO days this stock should go higher, however if the news is bad id say it could drop fast back to the 49 or lower.

Strategy - I'm holding till after NIO Days, and just to be on the safe side will be adding a stop loss tomorrow before the market closes, because if Nio days don't live
up to expectations the premarket trading on Monday could be heading lower. It should not go to low unless there is really bad news which I can't see happening, so my stop will be a strong support.

Well good luck traders see you next Tuesday.

For discussion only, also please don't message me asking what to buy or sell at I'm not a financial advisor and will not respond.
Comments
liji59
sounds a good strategy, can I ask whats your stop loss level?
NorthCountry
@liji59, I was in at 7 so my stop loss would be lower than if I got in at 50,, better to make some than lose your total gain
liji59
@NorthCountry, Thanks a lot! Be well.
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