Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Corona virus sympathy
-Health officials say virus vaccine development has 'no glitches'
-Feb 11 2020: $500m IPO @ $19 per share
-mRNA-1273 coronavirus vaccine sent for testing
-March 16 2020: First human trial of COVID-19 vaccine
-April 15 2020: PT increase to 41, Making new ATH's
-April 16 2020: Wins $483 Million US Government Award To Develop Coronavirus Vaccine
-May 01 2020: Moderna and Lonza Announce Worldwide Strategic Collaboration to Manufacture Modernas Vaccine (mRNA-1273)
-May 06 2020: Weak earnings / lags estimates, FDA approves phase 2 of COVID-19 vaccine
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Runner
-Levels: 67.5, 69, 71, 73, 74
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 71 level
Confluence: Whole $
Strike Zone: 71.27 - 71
Sizing (lots): 3
Risk (stop / Rs): Hold below 71
Review / Lessons Learned
Could only take setup with two lots because of margin requirements, slowly scaled out and experimented with letting a small piece ride.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-20 11:05:56 | MRNA | buy | $71.140 | long |
| 2020-05-20 11:05:56 | MRNA | buy | $71.150 | long |
| 2020-05-20 11:05:56 | MRNA | buy | $71.150 | long |
| 2020-05-20 11:06:15 | MRNA | buy | $71.020 | long |
| 2020-05-20 11:07:09 | MRNA | sell | $71.270 | long |
| 2020-05-20 11:07:28 | MRNA | sell | $71.360 | long |
| 2020-05-20 11:07:51 | MRNA | sell | $71.390 | long |
| 2020-05-20 11:07:58 | MRNA | sell | $71.520 | long |
| 2020-05-20 11:09:49 | MRNA | sell | $71.260 | long |
| 2020-05-20 11:10:12 | MRNA | sell | $71.330 | long |
| 2020-05-20 11:11:36 | MRNA | sell | $71.390 | long |
| 2020-05-20 11:12:54 | MRNA | sell | $71.410 | long |
| 2020-05-20 11:14:10 | MRNA | sell | $71.720 | long |
| 2020-05-20 11:30:46 | MRNA | sell | $72.650 | 0 |
Comments
beno
Thanks, still a work in progress, let me know if you want to talk shop some time!
dpaleo
be happy to talk some time. Looks like you are using an SMB type template/playbook for ur trades?
Yeah I'm using a modified / shorter version of it, it usually takes me about 1 to 1.5 hours after the close to do all my notes and tracking; don't want it to take longer. I'm available to chat this weekend sometime, I'm on eastern / market time. Do you have Discord?
I think thats a good amount of time for review and prep for next day. Thats about the amount if time i use.
Dont have Discord (what is it?). I'm on eastern time as well but i m going to visit my parents for first time since Jan this weekend. Lets shoot for next weekend.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
nice trailer here after profitable scalp!