1/13/2021 Sold XPEV at 52 today (bought at 45.4). I don’t like the price action and was expecting a gap up and go.

Category1 1 Minute

I’ll discuss this trade in more detail this weekend (with a chart if I remember).

The bottom line is I was expecting the momentum to lead to a big gap up today, but that didn’t happen. The risk reward at 52 isn’t quite good enough to target 70, so I’m waiting to re-enter if it drops back to the 45-48 range with a target near 70 and a wider stop.

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Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.

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