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Originally Posted by tonoy
NIO is frustrating for me lately. Bought it at 29. It seems to be stuck in the forties.
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Why is this frustrating to you? If this frustrated you u have a lot of pain coming in future that u will come before u can blink.
U are up 33 percent on a chinese (possibility of questionable data ) stock that is trading at pretty high premium. The consolidation is a good thing. Vertical rise is dangerous . This is not normal ...I think U experienced some possibly bubble movement and getting used to it thinking this is the norm.
Trust me - u will get hurt.
Think in terms of smaller gain . 20 percent over a year not a day. If u want u can trade options ..I am assuming the fruatratin coming from soon to be expired out of the money call ???
This is just experience talking ... U too will learn give it enough time lol. Frustrating on 33 percent gain in few months LOL.
Greed!!!