ARWR Trade on Oct 15, 2014 14:36 from Mari_BOWS: Tradervue User Stock Trades.

So-so trade, made profit. Could've made more.

Setup on daily: Oversold Pullback. In addition 200 MA support on weekly time frame.
Setup intraday: Intraday Breakout (Flat Top).
Reasons to enter: price broke over all MA-s on daily and was consolidating above 9EMA near HOD. I bought when it broke HOD.
Concerns: price looked extended for the day. I thought I entered too late. On hourly time frame I saw previous highs (resistance) ranging from 6.06 to 6.19.
Stop: $5.95 - slightly under 9EMA.
First target: $6.19 - at what I thought to be a resistance level.
R/R 1.2:1 not good!

Mistakes I made: Firstly, I entered the trade thinking my R/R was 2:1 when it really wasn't. Secondly, I sold half of the shares into the first $0.04 spike for no reason. I set my stop at the buy price for the second half, but I became too nervous and sold the shares at 6.14 anyway. I thought that the stock was too extended and that it would drop, but instead it exploded to the upside.