BBIG Trade on Sep 7, 2021 11:55 from maloneyjay1: Tradervue User Stock Trades.

Excruciating stop but good example of an afternoon consolidation play on a big name. This is an ideal setup, but the biggest takeaway here is that you cannot use ATR for stops as they are prone to getting taken out as the setup tightens and volatility decreases. You have to risk off of actual chart levels, so for example here that would be 7.70s.

*Reviewing this, and want to reiterate that for actual intraday setups, it's best to risk off the chart itself and not ATR derivations. I think these work great for more volatile opening bell setups but not during the middle of the day where you can have very wide ranges and more potential to get stopped out by a wild stop-hunt attempt. Really big shame on this. Compared to the volume earlier in the day, I do think this was a valid wash, but the best entry came around 2:00 Eastern.