Day Trading & Investing NIO Stock Alibaba Stock BABA Stock & Airbnb Stock ABNB Stock Long Day Trades
Channel: Mario Alvarado
Date: 31/12/2020

Hey what up guys this is Mario, back again with another trade video. I hope you guys had an amazing holiday. Today I am going to go over day trading & investing in NIO Stock Alibaba Stock BABA Stock & Airbnb Stock ABNB Stock for Long Day Trades. NIO Stock has been setting up on the daily chart. NIO Stock has been consolidation for the last month or so around the 42 level. The 50 day moving average finally caught up to the price of NIO Stock and also NIO Stock has consolidated into Bull Flag on the Daily Chart. Besides all this the Chinese EV stock like XPEV Stock and LI Stock is also bouncing off the 50 moving average and they look like they are ready to make a move. Tesla Stock TSLA Stock is also moving and trending and about to hit 700 so the electric vehicle sector looks ready to make a move. I day traded NIO Stock after it consolidated around 46, unfortunately I got STOPPED out, but I still went Long on my Long Term Investment account so I am up close to 5% on my NIO position. The next trade that I made was Alibaba Stock BABA Stock, and the reason why I traded it was because Alibaba Stock BABA Stock had a huge selloff after the Chinese governments is hammering down on giant Chinese tech companies like Alibaba Stock BABA Stock over monopoly practices. I bought Alibaba Stock BABA Stock on a pullback to the midpoint for a really good risk to reward trade. The stock that I day trade Long was Airbnb Stock ABNB Stock, because it has been selling off for the last 5 days. Yesterday Airbnb Stock ABNB Stock  testing the 150 level and had a bounce, so today I was looking for a second day move or low hanging fruit trade long. I went Long Airbnb Stock ABNB Stock at the midpoint hoping to test the 150 level to take profits, but momentum did not hold and I got STOPPED out. Overall, even though I took too loses on NIO Stock and Airbnb Stock ABNB Stock, my profit on Alibaba Stock BABA Stock was bigger and I was able to be profitable for the day. I hope you guys learn something from this video. Don't forge to smash the like button and subscribe to this channel.



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