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The third horribly wrong thing is that the sentence uses the word “as” to say that these things happen at the same time. But they don’t. Eric has to approach and get within range before Joe can punch. Even if you had put them in the right order, that pesky “as” would still be saying they’re simultaneous when they aren’t. See how silly that looks: Eric approached as Joe threw a punch at him.
You know the drill by now. Yes, the reader can sort things out by mentally editing your hashed-up movie into something sensible. No, they should never have to edit your movie.