MRNA Trade on May 27, 2020 09:31 from beno: Tradervue User Stock Trades.

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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: Bowl
-Intraday pattern: Bowl
-Levels: 46, 49.5, 51, 53

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 50 by 49 level
Confluence: Whole $, Gap Fill
Strike Zone: 50 - 49
Sizing (lots): 4
Risk (stop / Rs): Hold below 49

Review / Lessons Learned

This was really good trade but I didn't get to full size, was missing 1 lot, I couldn't even get to 4 lots due to margin requirements, but could have gotten to 3 lots easily.

Lessons Learned:

  1. Always use predefined size, especially on your best setups! = FT-15 with lots of confluence!!!

Execution detail:

Date/time Symbol Side Price Position
2020-05-27 09:31:24 MRNA buy $50.270 long
2020-05-27 09:33:08 MRNA sell $51.490 long
2020-05-27 09:33:56 MRNA buy $49.700 long
2020-05-27 09:34:06 MRNA buy $49.700 long
2020-05-27 09:34:55 MRNA sell $50.690 long
2020-05-27 09:35:26 MRNA sell $50.670 long
2020-05-27 09:35:34 MRNA sell $50.690 long
2020-05-27 09:36:36 MRNA sell $50.610 long
2020-05-27 09:37:09 MRNA sell $50.890 long
2020-05-27 09:39:13 MRNA sell $50.550 0


Comments

2020-05-27 17:37:05
 

Good trade opening drive .trade .

2020-05-27 18:03:07
 

Hey Trips22! Thanks for comment, if you ever want to chat about trading let me know!

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