Finally took profits on $NIO. Was holding way too long for this exit

https://preview.redd.it/kiy1vae0a5fh1.png?width=557&format=png&auto=webp&s=fff9b1504b1b32b17ae63c081f7df349d67f1cec

Been watching NIO bleed and recover and bleed again for what feels like forever. Trimmed the position recently, figured the risk/reward just wasn't there anymore with the sector still facing headwinds.

Chinese EV space has been a macro minefield. Policy tailwinds one week, geopolitical noise the next. Hard to stay convicted when the thesis keeps getting interrupted by stuff outside the company's control. Pulled up the chart history on moo moo and honestly the pattern kept flashing warning signs I was choosing to ignore.

NIO's fundamentals story isn't dead but the near-term overhang is real. Delivery numbers, margin pressure, competition from BYD eating into every segment they're trying to defend. Bears have been right on the timing even if the long-term bull case survives.

Took the exit. Not thrilled about where I got out but sometimes flat is a win in a name like this.

Anyone still holding NIO through this or did most of you flush it a long time ago?