DKNG
Intraday Fundamentals
• Working on 50% retracement from ATH.
• Long term level of support at 35 and 32
Technical Stats
ADV 24.06 RVOL 1.04 ATR 3.36 Short 6.68% Inst Own 68.4%
Daily
Hourly
• This is showing a step down almost daily.
• 35 is a longer term level that came in play on Friday
Intra
• Early PM low 35.50
Trading Strategy
• Look for longs off 35
• Consider 36 long if it breaks and holds on a subsequent test
• Opening VWAP set up if a PM low or high
Reading the Tape
I would say that there was enough weakness on the tap to get me out of the loser on this quickly as it did not seem to be changing as the level was trying to hold.
Trade Management
Trade Notes
Excellent loss... A good entry at the SMA a solid level in play level to work off. I entered with good sizing showing that I was not protecting the P&L. I probably should have hard stopped .96 or so. I did take a little more of loss than I wanted on market slippage.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-02 10:19:51 | DKNG | buy | $36.075 | long |
2020-11-02 10:20:35 | DKNG | sell | $35.910 | 0 |
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