MRSN Trade on May 28, 2020 12:46 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

-May 08 2020 S-3 for $250m / May 15 effect

Catalysts / News / Painting the picture

-May 27 2020: Reports Positive Interim Data from the Expansion Portion of the XMT-1536 Phase 1 Study

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Runner, Big Pullback
-Levels: 16.5, 17.8, 19.5, 20, 20.5

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 19.5
Confluence: Half $
Strike Zone: 19.65 - 19.3
Sizing (lots): 3
Risk (stop / Rs): Hold below 19.3

Review / Lessons Learned

Didn't get to full size and had ample opportunity, did use recycling which I'm trying to do more of.

Lessons Learned: Get to full size, especially when PA is near bottom of strike zone (this is where R/R is best!!)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-28 12:46:52	MRSN	buy	$19.560	long
2020-05-28 12:48:40	MRSN	buy	$19.490	long
2020-05-28 12:48:40	MRSN	buy	$19.490	long
2020-05-28 12:49:20	MRSN	sell	$19.660	long
2020-05-28 12:50:12	MRSN	buy	$19.410	long
2020-05-28 12:52:42	MRSN	sell	$19.620	long
2020-05-28 12:53:05	MRSN	sell	$19.690	long
2020-05-28 12:55:49	MRSN	sell	$19.710	long
2020-05-28 12:57:14	MRSN	sell	$19.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MRSN&trade=15077751&end=20200528132314&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRSN&trade=15077751&end=20200528142414&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRSN&trade=15077751&end=20200528160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRSN&trade=15077751&end=20200627&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}