TAN Trade on Jun 13, 2022 11:56 from spyrosz: Tradervue User Stock Trades.

Looking for good r/r long opportunities after the fast & furious 3-day sell-off.
$TAN showing extreme relative strength vs overall market after the $55 double-bottom.
Did $55 to $80 in a straight line, and now it was pulling back towards $67s support pivot following market weakness.

-- Got long Tier 0 in-front of $67.5, risking 50% vs tight stop $66, remaining 50% vs stop $65s, both stops within 1xATR=$3 range, SO NOT GOOD...
-- Expecting buyers to defend the level and for $TAN to bounce, ideally filling the daily gap $71-73
-- 1st target daily gap-fill, then upper boundary of channel=$78s

06-15-2022
Sold small in-front of the daily gap. Held bulk for gap-fill as per plan.

06-16-2022
Gross action, reversing the whole strength yesterday, now below $67.5 support pivot heading lower. Deciding to tighten stop for whole size below $66. Got stopped out.

Many red flags here:
(-) All stops are within 1xATR range. This is recipe for getting stopped out before idea even starts to play out. Avoid at a minimum.
(-) Set stop, follow plan, do not micro-manage. Had left initial trade to play out, I would have 50% of initial size in the trade and I would be selling at 1st target today...Instead, I sold size into the bottom --> Excellent:))