Making 20% a Day on NIO is Easy
One of the most popular stocks among day traders this year has been NIO. The traders in the Facebook group “Day Trading Stocks and Options” have mostly shifted from talking about Tesla, Nikola, and Zoom to focusing on NIO. It’s up 70% in the past month and 1,166% year-to-date.
Making money on NIO stock is just too easy, apparently. Many of the traders in this amateur group are convinced you can make 20% a day no problem.
Michael makes his investment decisions the right way: by asking random strangers in a Facebook group when to sell.
I am just glad he was able to get some clarity.