MITO Trade on Mar 3, 2020 10:03 from Buffalomutt22: Tradervue User Stock Trades.

I initially bought for the break of 4.50 but it ended up being a double top. I should have sold instead of averaging down, but I also like averaging down on stocks like this since there is usually a lot of momentum like witnessed on this stock after I sold out of my position. I sold out of my position for a loss since I am not too familiar with swing trading strategies. I sold out just under my average so it was a smaller loss. Could have held and sold when it was spiking up to 5.00, I need to learn how to interpret short squeezes and swing trades better.

Main mistake was not noticing the declining volume.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-03 10:03:49	MITO	buy	$4.450	long
2020-03-03 10:04:51	MITO	buy	$4.300	long
2020-03-03 10:05:32	MITO	buy	$4.070	long
2020-03-03 10:08:23	MITO	buy	$4.000	long
2020-03-03 10:10:07	MITO	buy	$3.830	long
2020-03-03 10:15:52	MITO	sell	$4.050	long
2020-03-03 10:15:57	MITO	sell	$4.100	long
2020-03-03 10:16:12	MITO	sell	$4.100	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MITO&trade=13169493&end=20200303104212&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MITO&trade=13169493&end=20200303124112&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MITO&trade=13169493&end=20200402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

MITO Trade on Mar 3, 2020 10:03 from Buffalomutt22: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax