DKNG
Intraday Fundamentals
• Technical trader,
• COvid uncertainty and sport lull
• Earnings later this week
Technical Stats
Trading Strategy
Reading the Tape
I would say that there was enough tight spread action on this as 39.50 that lead me to believe that this was a good place to start looking long. It gave the same spike to the low a couple of times and held just bounced the spread for a before making the stronger move higher.
Trade Management
This is not a bad spot to look for the a scalp back into VWAP. I played this risk to tight here and got got high ticked out of this at .83/ I needed to considertaking the HoD as the stop. This would have left me looking for a break of 40 instead of a test of VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-11 09:41:18 | DKNG | sell | $40.590 | short |
2020-11-11 09:45:05 | DKNG | buy | $40.830 | 0 |
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