Looking back on this, it was such a boneheaded entry. I'm a VWAP trader and here I was simply buying a dip on something in an uptrend. No trendline or easy to recognize level of support nearby.
Just being greedy and looking for something that's not there. More of a gamble than a trade. Not even close to an A+ setup. Stick to what you know for now.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-15 10:04:31 | 18 SEP 20 50 CALL | buy | $1.650 | long |
2020-09-15 10:06:22 | 18 SEP 20 50 CALL | sell | $1.360 | 0 |
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HI
Another hint.
When a stockprice in the early beginning of a tradesession rise so much it will come back ~50%. Check this out. In this trade it would be a RR 3:1. Also happend on the 16th of September in DKNG.
Hope this helps