VXRT Trade on Sep 14, 2020 11:20 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
-Aug 10 2020: Filed IND for COVID-19 vaccine
-Sep 14 2020: announces FDA clearance of IND application for oral COVID-19 vaccine

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Bull Flag
-Other notes: Large float and hard to read direction

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 6.9 level
Confluence: N/a
Strike Zone: 6.9
Sizing (lots + emergency): 1000
Risk (stop / Rs): 6.87

Review / Lessons Learned

Kind of pissed at myself for stopping out, I was trying to keep my risk tight and was risking the low of the current down leg at 6.88 but it ended up hurting me in the end.

A stop shouldn't be triggered by small movements in price, if stopping it should be clear that opposite side is in control (market orders swiping several cents)...

Lessons Learned:

1. Don't be so anal about stops / loosen up your stops as to not get shaken out!
2. Small price movements shouldn't cause you to stop out, look for fast tape and market orders with order front running...