MRNA Trade on Dec 16, 2020 10:38 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Continued heaviness under VWAP, and continued fails after intial falloff
*Entry: Starter with pops into VWAP as trend held
*Risk: 1:3

Catalyst and News:

Continued falloff from emergency FDA approval. News of Pfizer's manufacturing difficulties may have also been related

Fundamentals:

N/A

Technicals:

Heavy since yesterday. No guarantees of continued failings but a good sign.

Summation:

Saw continual heaviness after the small swipes up into the fails. Took a small size, preparing to add in later if it showed further weakness. Was keeping under levels for most of the time, saw the turn into the 138s as a chance to size up but waited to confirm. Saw the strength start building, so got out. First cover at the 137.50s got blown through so out at a minor cut.

Takeaways:

You've gotta be ready at the 9:45 mark. If the trade is there, take it. If not, don't. Don't waste time convincing yourself there's something when there isn't.