MRNA vaccine data is 94.5% effective!

MRNA vaccine data is 94.5% effective! I'm not going to try to develop an analysis on MRNA until people's emotions chill out in the market. This sure seems like ground hogs day, almost identical to last Monday. I'm actually writing this post to share a word of caution. Pay attention and watch out for a bull trap across many sectors, including MRNA stock. The time to get in long on this trade was Friday actually, lol. This morning prices will most likely be the peak for many stocks prices for the rest of the week. Be on the lookout for quick rotations to DIS, SPG & KSS and the like. Remember, after the elation today, we still have record breaking covid19 cases day after day heading into the winter and these vaccines won't be widely distributed for many months. And quite likely, just like last week, they'll be a rotation back to the stay at home stocks by maybe Wednesday. All in all, for me personally, I'm not going to try to catch a falling knife on dropping stocks or time an entry on spiking stocks this morning. I'm going to wait and see, let the euphoria calm down first. If anything, strangles are probably the best candidate on a lot of stocks, due to a lot of price movement. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

Trade active:

I got into a MRNA $125/140 strangle at 10:48am. It sure seems like all this movement will wind up or down way past these strike prices by 12/04. Good luck friends.

Trade closed manually:

filled +33% MRNA12/4strangle$125-140. bird in the hand risk management. lol