MRNA Trade on Jul 27, 2020 14:04 from CapitalMastery: Tradervue User Stock Trades.

Summary

Reactive scalp trade. Scaled towards $81, and covered on flush. Not a great trade though, as I didn't really have a stop in mind; plan was to trade my way out of it, if it didn't work, but that often gets me in trouble. Not the kind of trades I want to be taking.

Did Right

Stayed within sizing guidelines, and covered into flush. Also re-entered trade on backside once I noticed the pop had failed.

Did Wrong

Took a trade without a planned exit strategy, had to stock traded against me.

Improvements

If I don't know where I'm going to stop out at, then don't take the trade.

Next Trade

If MRNA gaps above $80, would expect a short tomorrow. Felt really weak today, despite the positive catalyst.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-07-27 14:04:35	MRNA	sell	$80.063	short
2020-07-27 14:07:11	MRNA	sell	$80.240	short
2020-07-27 14:09:16	MRNA	sell	$80.490	short
2020-07-27 14:10:50	MRNA	buy	$80.010	0
2020-07-27 14:16:38	MRNA	sell	$79.663	short
2020-07-27 14:16:41	MRNA	sell	$79.583	short
2020-07-27 14:18:41	MRNA	buy	$79.410	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959893&end=20200826&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959893&end=20200727160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959893&end=20200727144341&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MRNA&trade=17959893&end=20200727160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}