Shared by
Cklamb
DKNG
Intraday Fundamentals
• Technical trader, deep multi week sell off
• Medium term IPO set up
Technical Stats
ADV 23M RVOL 1.15 ATR 3.45 Short 6.75M Inst Own 48.7%
Daily
Hourly
Intra
Trading Strategy
Reading the Tape
There is not a lot that I saw that made a difference in my decisions.
Trade Management
Trade Notes
This bounce at .80 and VWAP looked like it would hold and move to a new HoD with putting the higher high and the higher high. This all happened and then this held VWAP and .81 on the tape. It never got much stronger and was setting up for a bigger sell off. I go the partial off at a decent price but not enough to cover one for one on the risk. A nice attempt to catch a run before reclaiming a level with good controlled risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-29 10:20:30 | DKNG | buy | $38.880 | long |
| 2020-10-29 10:20:30 | DKNG | buy | $38.880 | long |
| 2020-10-29 10:21:11 | DKNG | sell | $38.950 | long |
| 2020-10-29 10:26:31 | DKNG | sell | $38.973 | 0 |
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