VXRT Trade on Aug 11, 2020 15:19 from beno: Tradervue User Stock Trades.

Fundamentals

N/a

Catalysts / News / Painting the picture

-$10m ATM on Monday March 2 2020
-Coronavirus sympathy
-Emergent to manufacture Vaxart's experimental COVID-19 vaccine
-Jun 25 2020: Signs Memorandum of Understanding with Attwill Medical Solutions Sterilflow, LP
-Jun 26 2020: COVID-19 Vaccine Selected for the U.S. Government’s Operation Warp Speed
-Jul 13 2020: Closes $90m ATM

Technical Analysis

-SPY pattern: Fade
-Intraday pattern: Runner, Double Top
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 11.5 level
Confluence: Half $
Strike Zone: 11.6 - 11.4
Sizing (lots + emergency): 1000
Risk (stop / Rs): 11.31

Review / Lessons Learned

Another stock that I got stopped out on today, I'm noticing that my behavior is to slam out right away as soon as my stop price is reached, but clearly this is working against me, instead, when my stopped price is reached, I should be on very high alert (and watching the tape very closely) to try and spot the moment where the trade will actually fail and take my loss there (using tape = better odds), I was too emotional from my morning loss to think this way...

Lessons Learned: Stop price reached = Watch tape for failure, use market structure low/high as stop