DKNG
Intraday Fundamentals
• Technical trader. Tight spread, good ATR, liquid
• Pulled back to 47.50 yesterday and
Technical Stats
ADV 27 M RVOL .89 ATR 2.89 Short 7% Inst Own 46.7%
Trading Plan
• Long an opening flush unless the VWAP opener sets up with time to work it
• Short 48 on a spike stop at .50 clear at 47
Reading the Tape
I can say the tape led to one or two entries here that worked well. Even
Trade Management
I started shorted this a VWAP for a loss and a good hit of VWAP. I started thinking that because 47.50 failed this was working it's way to a test of 45 a stronger level that I have marekd for a few months. I would clear the second of these shorts for a great make up trade into 46.22. I would not have the presenc of mind to work this back as I did not stay open midnded.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-08 10:12:43 | DKNG | sell | $46.560 | short |
2020-12-08 10:13:41 | DKNG | sell | $46.680 | short |
2020-12-08 10:13:53 | DKNG | buy | $46.760 | 0 |
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