Why are you buying?? Fundamentals and technicals are really really bad. Why not wait for the calm? The stock has not clear direction and seems you are buying blindfolded. I was a trully NIO believer before the earnings but after earnings, I saw nothing valuable in it (no factory, sued, lack of growth, small margins, and so on. Take profits and move on, there are other beautiful stocks to bet in less riskier. Keep your emotions out of the markets
Take into account that when a share drops, you’ll need more % to recover. Example, a share drops 10% from $10 to $9, then, to get back to $10, you’ll need a 11.11% up.