MRNA Trade on Feb 25, 2020 14:50 from beno: Tradervue User Stock Trades.

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Shared by
beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-Health officials say virus vaccine development has 'no glitches'
-Corona virus sympathy
-Feb 11: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing

Technical Analysis

-Levels: 20.50, 22, 22.50, 23.50, 24.50, 25, 26.50
-All day runner, backside started at 3pm

Original Plan / Strategy

First Test of 24 - 23.80 zone, confluence whole dollar

Review

Conviction wasn't high on this trade as MRNA was already over extended, so I only took the trade with one lot and I piked the sell big time. This was an A setup but my fears got in the way!!

Lessons Learned: Don't let fear get in the way of an A+ setup! trade what the chart tells you!


Execution detail:

Date/time Symbol Side Price Position
2020-02-25 14:50:13 MRNA buy $23.830 long
2020-02-25 14:51:31 MRNA sell $23.930 0


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