TradingView
justinl619
Nov 19, 2020 6:59 PM

Bottom in - great hedge against Tesla and NIO Long

Nikola CorporationNASDAQ

Description

NKLA

Comment

Holy smoke!
$41 is a strong resistance as being the 61% fib line, as shown on my chart. We may consolidate there, but no reason to sell.
Comments
vik0q
I just los 500 dollars in this crap. :/ today is bearish
justinl619
@vik0q, If you focus on price action more than how much you are losing on paper, i think you would end up in a better position.
vik0q
@justinl619, dude I thought It was coming down when hit 25 and I bought at 26.80 and fkd up and sold at 25
whitejade
@vik0q, ???? Bearish you said? LOL
vik0q
@whitejade, no is not bearish, next week will go up, the problem is that I bought early in the morning and didn’t get the time to sell, bought too many shares.
vik0q
@whitejade, I suck at day trade
z1996jun
@vik0q, no worries, just takes a little trial and error, my recommendation would be to look for the trends, buy after it goes down and you've seen confirmation that theres momentum pushing it back up and then sell whenever you see confirmation of a reversal. personally Im usually looking for higher volume, bigger candles to indicate momentum.
vik0q
@z1996jun, I stopped doing day trading now I want to do swing trading and think on higher timeframes
Make_Money_Not_Friends
@vik0q just be patient
More