Great news, you’ve made it through another week of trading. And what a week it’s been. Stocks suffered their worst week since March. A green flicker against the sea of red should have some of our readers smiling. If you followed our trade alert for NIO, back on July 2nd, your investment has grown more than 220%, stacking on an amazing 40% in October alone.
If you’re one of the lucky ones who invested in NIO along with us this summer, you may want to consider pulling profits. One of the most important aspects of our job as investors is profit taking.
Of course, it’s nearly impossible to time a stock perfectly. NIO may well have more room to run in the very near future. A good strategy might be to pull your principal investment here. That way you can keep one hand in the pot, at the same time, freeing up some cash for future investments.
Next week may likely bring some epic buying opportunities elsewhere in the market. Stay tuned for our upcoming weekend watchlist, you don’t want to miss this one. And, as always, make sure you’re up-to-date next week with our free daily trade alerts.
If you’re interested to learn what a few of our community members are doing with the NIO profits, you’ll want to check out this article. Find out which EV stock Bloomberg projects will “skyrocket ,1000 times over.” We’re giddy over the technology. This is an EV that charges in just minutes — not hours. And the best part… It’s currently trading for just a few bucks per share.
