Cathie Wood’s Ark Investment Management on Monday further raised its exposure in the U.S listed Chinese electric vehicle maker $XPeng(XPEV.US)$ , continuing its buying spree in the company that aims to rival $Tesla(TSLA.US)$ .
Ark Invest bought 31,178 shares — estimated to be worth $1.2 million — in the Guangzhou, China-based Xpeng.
Xpeng’s shares closed 5.67% lower at $39.44 a share on Monday and are down 17% over the past month.
Xpeng and other Chinese peer stocks such as $NIO Inc(NIO.US)$ have been under pressure lately amid $DiDi Global (Delisted)(DIDI.US)$ plans to delist from the New York Stock Exchange.
Xpeng’s homegrown Shanghai, China-based rival Nio on Saturday revealed a new sedan that would compete with Tesla’s Model 3.
Xpeng delivered more electric vehicles than Nio and Li Auto in November. The company has said it aims to sell half of its electric vehicles outside of China.
The maker of electric sedans and SUVs already sells electric vehicles in Norway and plans to ramp up investments overseas next year, including in Sweden, Denmark and the Netherlands.
ARKQ held 608,120 shares — worth $25.4 million in Xpeng, prior to Monday’s trade.
Tesla is the only other all-electric company in which Ark Invest has exposure. The investment firm counts Tesla as its largest holding and owns shares worth billions in the company via its exchange-traded funds.

$Tesla(TSLA.US)$ EM needs to sell all before 2022. 2 more weeks for him and this is why you keep hearing his selling news recently.
Grab more Xmas presents from EM now before 2022  $900 is a good price. Dont be too greedy expecting $800.
You all will know what will happen once he tweets this:
i have COMPLETED my selling

$Tesla(TSLA.US)$ Tesla is gone once and for all! The next fate is like Amazon in 2000

$Tesla(TSLA.US)$ If you don't buy it now, when?

Trading with the following in mind is crucial to being a successful day trader.
Understanding The Market Requires You To Understand Market Psychology
Stock market intraday patterns – all times are in Eastern Standard Time!
When day trading the US stock market you may notice certain patterns, based on the time of day, that occur more often than not. These patterns, or tendencies, happen often enough for professional day traders to base their trading around them.
9:30am: The stock market opens, and there is an initial push in one direction. Highly volatile!
9:45am: The initial push often sees a significant reversal or pullback. This is often just a short-term shift, and then the original trending direction re-asserts itself.
10:00am: If the trend that began at 9:30am is still happening, it will often be challenged around this time. This tends to be another time where there is a significant reversal or pullback.
11:15am-11:30am: The market is heading into lunch hour, and London is getting ready to close. This is when volatility will typically die out for a few hours, but often the daily high or low will be tested around this time. European traders will usually close out positions or accumulate a position before they finish for the day. Whether the highs or lows are tested or not, the markets tend to ‘drift’ for the next hour or more.
11:45am-1:30pm: This is lunch time in New York, plus a bit of a time buffer. Usually, this is the quietest time of the day, and often, day traders like to avoid it.
1:30pm-2:00pm: If the lunch hour was calm, then expect a breakout of the range established during lunch hour. Often, the market will try to move in the direction it was trading in before the lunch hour doldrums set in.
2:00pm-2:45pm: The close is getting closer, and many traders are trading with the trend thinking it will continue into close. That may happen, but expect some sharp reversals around this time, because on the flip side, man traders are quicker to take profits or move their trailing stop losses closer to the current price.
3:00pm-3:30pm: These are big “Shake-out” points, in that they will force many traders out of their positions. If a reversal of the prior trend occurs around this time, then the price is likely to move very strongly in the opposite direction. Even if the prior trend does sustain itself through these periods, expect some quick and sizable counter-trend moves.
As a day trader, its best to be nimble and not get tied into one position or direction. Many traders only trade the first hour and the last hour of every day, as these times are the most volatile.
3:30pm-4:00pm: The market closes at 4pm. After that, the liquidity dries up in nearly all stocks and ETFs, except for the very active ones. It’s common to close all positions a minute or more before the closing bell, unless you have orders placed to close your position on a closing auction or “cross”.
💰Wasnt sure where the “tips for day trading” event is or i wouldve posted this there. 🍻 @moomoo Event @moomoo Lily
Hope this provides some clarity to the workd of daytrading!
$Energy Focus(EFOI.US)$