NIO Long

Updated
daily, Wedge breakout + retest

Long 4.35
Stop 3.5
Target 7.2, 9

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
NIO price 4.35 11/26/2024
BuyToOpen Jan2026 Call Spread C4/12 Limit 1.17 ( Delta 0.72 , 416 days )
ITM C4 has 0.35 value.
Wedge

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