I made a big mistake today getting into this trade. I Missed my entry around 37.70's. All I knew is that the stock already broke through its 52week low on Friday and does about 70000 avg volume, the 52week low was around 39.00 and in the last 5 days was trading around 45. I knew I got a bad entry when I was getting more shares than I wanted. The stock has a 8-10 cent spread. I'm just not understanding my risk and reward if I'm short @ 37.28 how much should I risk if the trade goes against me? Would this be a gamble trade if I held it just a bit longer? If I missed my entry should I wait for a better setup? what do you usually do when you get in on a bad entry? Do you usually just wait for a pull back?