MRNA Trade on May 22, 2020 10:38 from beno: Tradervue User Stock Trades.

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: Runner
-Intraday pattern: Fade
-Levels: 67, 68, 69, 70.5

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 67.5 by 67
Confluence: Gap Fill,
Strike Zone: 67.5 - 67
Sizing (lots): 4
Risk (stop / Rs): Hold below 67

Review / Lessons Learned

Only traded 3 lots in this name (only 2 max at once given time however) so I didn't get to full size, I keep forgetting how good my FT-15 setups and although this was my best setup today, I gravely mismanaged this trade.

Lessons Learned: Always get to pre-defined size, especially if PA within strike zone!