ARNA Trade on Jul 12, 2017 10:17 from jakerock23: Tradervue User Stock Trades.

ARNA was looking very weak and $25 was a key support level. It got my attention when it broke $25 and I waited for the backtest of $25 to enter at 25.14. It almost immediately pulled back below $25 so I thought this trade was working; put a stop at 25.52 as that was the 50% intraday level and it was above VWAP. To my dismay my stop didn't even work so I had to panic cover at the top of the squeeze...figures. In hindsight, I should've waited for a vwap retest (25.28 area at the time) as that would have provided a better risk to reward. Honestly, the risk:reward in this trade was pretty bad which is probably why I got scared out and didn't give it enough room to work...had I been more patient for a better entry this would've been a good trade as a PT of 24.50 level would've been appropriate.