[isatrader]

I have a very stupid question about when to exit a trade. As my trades increase in profit so far I have a few doing well which include NIO do i just up my stop loss via the 52x ATR Average and then leave when the stop loss is hit or should I enter a trade with an ideal profit I would like to take in mind?

It depends on the time frame that you are trading, as you should have an exit plan before you open each trade and they should be consistent.

Generally if only swing trading for weeks or months then it can be good idea to exit the majority of stocks once a stocks has moved +20% to 25%. If however a stock reaches that target within three weeks of entry, then you should hold it for at least 8 weeks as it's showing excellent strength. These type of rules are for bigger stocks than NIO though, as those kind of percentages apply to $20+ size stocks. So you can use the 52 week ATR instead for small cap stocks, and so if it's moved 4x the 52 week ATR from your entry instead of 20%.

If you are intending to hold for longer, then moving up your stop loss to breakeven once the stock has had it's first pullback and then made a new high is a good practice to protect the position from going against you.