I got into big trouble on this one. I need to be out of this at the first add. I could have started looking to short again at 54. This did set up coming off a lower low and starting to fail above VWAP. I was a little to aggressive with the entry here. This can be good as long as I have a stop and stick to it. I was trying to save P&L thinking I could clean this up with a retest of 53. Aside from getting myself upside trying to save a dollar or two, I worked and fought for price working into a short that would end paying off. Like usual though, I did not hold enough to make the eventual run worth all the effort. I used a lot of mental capital on this. I am proud that I was still sane enough to understand that I could slowly work the loss down if I stuck with adding and taking off. Starting with any more size would have made this devastating.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-07 10:25:57 | DKNG | sell | $52.955 | short |
2020-10-07 10:27:12 | DKNG | sell | $53.195 | short |
2020-10-07 10:27:53 | DKNG | sell | $53.285 | short |
2020-10-07 10:29:05 | DKNG | sell | $53.285 | short |
2020-10-07 10:32:04 | DKNG | sell | $53.410 | short |
2020-10-07 10:33:52 | DKNG | sell | $53.575 | short |
2020-10-07 10:34:30 | DKNG | buy | $53.399 | short |
2020-10-07 10:35:09 | DKNG | buy | $53.150 | short |
2020-10-07 10:36:14 | DKNG | buy | $53.100 | short |
2020-10-07 10:40:53 | DKNG | sell | $53.825 | short |
2020-10-07 10:42:27 | DKNG | sell | $53.920 | short |
2020-10-07 10:44:29 | DKNG | sell | $54.225 | short |
2020-10-07 10:49:35 | DKNG | buy | $53.954 | short |
2020-10-07 10:52:22 | DKNG | sell | $54.350 | short |
2020-10-07 10:53:38 | DKNG | buy | $53.975 | short |
2020-10-07 10:55:29 | DKNG | buy | $53.810 | short |
2020-10-07 10:55:30 | DKNG | buy | $53.825 | short |
2020-10-07 11:06:28 | DKNG | sell | $54.130 | short |
2020-10-07 11:06:45 | DKNG | buy | $54.059 | short |
2020-10-07 11:15:26 | DKNG | sell | $54.445 | short |
2020-10-07 11:17:17 | DKNG | sell | $54.425 | short |
2020-10-07 11:18:43 | DKNG | sell | $54.500 | short |
2020-10-07 11:24:29 | DKNG | buy | $54.145 | short |
2020-10-07 11:33:27 | DKNG | sell | $54.480 | short |
2020-10-07 11:35:33 | DKNG | sell | $54.495 | short |
2020-10-07 11:36:52 | DKNG | sell | $54.650 | short |
2020-10-07 11:39:05 | DKNG | buy | $54.380 | short |
2020-10-07 11:45:33 | DKNG | buy | $54.225 | short |
2020-10-07 11:50:17 | DKNG | buy | $54.120 | short |
2020-10-07 11:50:46 | DKNG | buy | $54.016 | short |
2020-10-07 11:50:55 | DKNG | buy | $54.050 | short |
2020-10-07 11:50:58 | DKNG | buy | $54.050 | short |
2020-10-07 11:54:35 | DKNG | buy | $54.110 | short |
2020-10-07 12:10:15 | DKNG | buy | $53.365 | short |
2020-10-07 12:10:40 | DKNG | buy | $53.334 | 0 |
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