TQQQ Trade on Nov 10, 2022 09:54 from SonoFusion: Tradervue User Stock Trades.

I took this trade after I was stopped out of my previous TQQQ position. I saw the stock drive upwards after the little pullback and decided to wait and see if it pulled back a hair. (the risk amount to use previous 1-minute candle low didn't fit my goals.) I was able to get a decent buy-in on the next candle.

I then decided to double down on my position as the stock reached $20.61 and I felt that I had enough profit to risk giving some back. I should have paid more attention to RSI and how extended the stock was, I think a little bit of over confidence effected me. Unfortunately, I was then stopped out at $20.53. I still managed to gain 5.6R (typical R) and 1.4R based on my initial risk of this trade.

I have been trying to do better about increasing my R for my more confident set ups. In this instance the entire market was moving in the same direction it felt and SPY was in line with TQQQ overall direction.