TYME Trade on Feb 3, 2021 09:50 from DaveP: Tradervue User Stock Trades.

Frontside TYME Feb3

9:30-10 trading rules
Trade 1 lot, exit on Reason2Sell.

IN PLAY?
PM notes: 8am covid patent news, pop to $4 from below 2, 16M shares traded 64M float, downtrend, below VWAP - not in play
After TYME broke out of its opening range it appeared on my up since open scanner, and my new high alert.
TYME held VWAP, and was making a higher low. I then considered TYME to be IN PLAY
I entered long a low volume pullback above VWAP and 21 EMA.
I exited on stop orders, manually trailing price.
after price broke, tested, and held 4.75 bid/ask was around 4.83/4.96 when I entered the stop for 4.72, and was stopped out. 1min volume was around 4M.
I want to exit on limit orders instead of stops. I use stops because I am fearful of leaving money on the table if my limit is hit and price continues its uptrend, I am also fearful of losing money if price moves quickly away from its high.
As I wrote this I realized that I did not sell on a Reason2Sell but I raised my stop to where I was comfortable between my two fears.
Make the decision. Is there a Reason2Sell, if no keep stop away from noise, if YES fight for best price with limit order, then reassess after the local high if the stock has gone backside, or if there is opportunity to reenter.