I was watching DRYS this morning for a spike to short into. Last night in my watchlist I said how I want to see DRYS morning spike and short risking the $3 multiday resistance level. As I was watching it this morning I saw it get toppy around 2.71,and was debating to enter short at 2.68. I analyzed how the trade could play out: (1)If could spike past 2.71 and go to 3 and get me out and I lose .3 about, (2)I could be right, but there is afternoon support at 2.51 from yesterday and then 2.34 support after that so the most I could make is .15-.3. This play is where you really have to fight your emotions because I really wanted to get in for the potential gain because it was working the way I planned, but I had to take a second to note the potential loss. Although it would have worked out perfectly it would not of been a good trade to make because my plan had fault in its risk vs. reward. It would have been much better if it spiked near 2.80s or 2.90s. So the lesson is to always make sure your risk vs reward is right no matter how good a setup looks because your emotions might be telling you to get in, but you have to focus on the plan you have made, and only take the best risk vs. reward setups. I am not mad or angry that I did not get in, but I am glad that I learned from this so I always make sure my potential losses will not equal or exceed my potential profit.