DKNG
Intraday Fundamentals
• Tech trader, tested 47 his a few day and spiked before a market sell off yesterday before closing near the LoD
Technical Stats
ADV 28m RVOL 1.31 ATR 3.09 Short 7% Inst Own 46.7%
Trading Plan
• short an opening test of VWAP for a scalp into 47.50
• If this continues to flush the 47.50 level think short until 45.75 and a longer term pull back into 44
• Intraday resistance longs after basing set ups
Reading the tape
NA
Trade Management
Trade Notes
This was the follow to the prior trade. I was looking for this to start a minor trend down and had both VWAP and PD low. This was not a bad setup. I should have set a stop on this as this was a pretty weel defined set up and a break of the early high was where I was wrong and should have stopped out when it broke instead of adding. I did have this worked back to break even due to the add at 49. But, I tried to work the last bit back into VWAP before it would finally take me out of the trade at what I could have stopped out for.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-12-10 09:38:53 | DKNG | sell | $48.390 | short |
2020-12-10 09:40:42 | DKNG | sell | $48.795 | short |
2020-12-10 09:41:57 | DKNG | sell | $49.030 | short |
2020-12-10 09:43:22 | DKNG | buy | $48.809 | short |
2020-12-10 09:43:37 | DKNG | buy | $48.720 | short |
2020-12-10 09:45:35 | DKNG | buy | $49.115 | 0 |
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