Good profits was made trading small positions in Nio. The company released results yesterday and it was bad as they experienced wider loss than expected. However 1 day before the results was released, the stock had some fatigue sings of unloading from the smart money while the retailers were still chasing it. Nio had been running for about 23-30% for the past 1 week and the stock was nothign short of stellar since the price kept rising and the volume was piling up.
Everyone including myself thought that the results would be good until on Tuesday where the last minute unloading occurred. It's a sign of bearishness and one should get out of the stock asap as true enough last evening when they released the earnings, the stock gap down -$2.00. Shorted before the results and the profits was great. I cannot stressed more on the importance of skills, knowledge and experience as it will bring you to new heights. Looking forward to the next US stock trade.
Ronald K - Market Psychologist - A Stock Market Opportunist
