ARWR Trade on Oct 4, 2018 09:34 from allenak47: Tradervue User Stock Trades.

Summary
Went short after it looked like it was gonna drop as an ORB. I doubled the size once it actually started it's drop downwards.

Suddenly realized that each wick was actually a 1% move. Covered for huge profits, but if it had turned against me I would have exceeded my risk limits.

Entry Indicators
Downward drop with shooting start dojis in the last 2 minutes. Stock was already down for the day as well.
* Volume was confirming a downward move.

Stop Loss / Risk Reward
Stop would have been above 19.20, which is 30 cents from entry. Target was brea of LOD to 18.20 which was 60 cents. 2:1.

However, risked too much on this trade.

Setup Grade
B setup. Pretty nice setup but i didn't really wait for confirmation and kind of jumped the gun getting in initially

Case against this Trade
Risk was super high, candle stick wicks were super high. Did not control my sizing.

Lessons Learned
CONTROL MY SIZE. Watch out for these. USE THE RISK CALCULATOR if you have to!

Trade Grade
C - while I hit the trade, I violated my risk limits on this one. If it turned against me, would have blown up my day and possibly hit max loss in 1 trade.