MRNA Trade on Jul 27, 2020 11:05 from CapitalMastery: Tradervue User Stock Trades.

Summary

Chicken shit scalp trade. I knew the move to $80 wasn't sustainable, and given that it was a re-test of opening high, should have given it more room. But... It was a reactive short scalp, so took exits on pull into 1min 20ma, in case it decided to trend off it.

Did Right

Spotted the move, and instinctively knew it was a short from my screen time thus far.

Did Wrong

Didn't re-short the subsequent pop.

Improvements

Really should have re-shorted the subsequent re-test; especially since I had a clear HOD to risk off of.

Next Trade

Not expecting too much out of MRNA unless we get another catalyst, but if it gaps up above $80, I'd think a short is in store.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-27 11:05:38	MRNA	sell	$79.840	short
2020-07-27 11:07:27	MRNA	sell	$80.110	short
2020-07-27 11:12:35	MRNA	buy	$79.760	short
2020-07-27 11:12:35	MRNA	buy	$79.760	short
2020-07-27 11:13:14	MRNA	buy	$79.669	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959892&end=20200826&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959892&end=20200727160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959892&end=20200727114014&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959892&end=20200727134314&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}