We entered Xpeng (XPEV) in December 2020 and since then the stock failed to really perform. Having held the position for just over a year, Anne and I decided it deserves the axe.
The trade was exited with the slightest of profits but the reasoning to exit had nothing to do with money and everything to do with how it was behaving.
Two months after our exit, the stock is back to its IPO levels from September 2020.
Happy to be out of XPEV but it remains on our watchlist for a possible buy in the future.
Let’s go trade!