RETO Trade on Feb 22, 2021 09:34 from Trade_Hunter: Tradervue User Stock Trades.

Entry Point: $3.24 (700 shares), $3.13 (700 shares), $3.09
Stop Loss: $2.90
Profit Target: $3.40 (next resistance)

Reason for Buying: My first long position was truthfully speculative, and I had no good reason to take that position. Not realizing this at the time (RETO was my main stock on watch, I must have been too hopeful because of that), I double and tripled down at the VWAP, expecting a bounce.

Trade Summary: Didn't continue the bullish momentum and dropped consistently. Stopped out.

What did I do well? Not much to be honest. I atleast took the loss well and didn't let any emotions get involved in my trading afterwards.

What could I have done better? I didn't have a reason to enter this trade. I don't even have to get into the fact that the risk/reward was bad. I need to iron out with precision what defines a good entry and what set ups I will trade, and stop making irrational trades like this one. Ignored too many red flags and added to my position too quickly here. I need to wait until a stock has proven itself to be strong and bullish before taking on that kind of size. I think I had the right idea with starting small and feeling it out, but as I mentioned before I just ignored the red flags.

I also had the opportunity to profit on this one when it jumped up to $3.38 but I got greedy and didn't take it.