Your list should always include colleges you know you can get into where you would be happy. I always suggest two reaches, two safeties, and 4-6 possibles. Your reach school is a reach because you probably won't get in. It does not matter if you are class valedictorian with perfect SATs because if you apply to a college with an acceptance rate of 6%, chances are you won't get in. Plan for this in advance. Have two reach schools you would like to go to if you got in, but at least 4 others you would be happy to be at. Go visit again, and make your choice. If you clear the waitlist, great. If not, you are still going to a college that is a great fit for you.