Shared by
Cklamb
DKNG
Intraday Fundamentals
• Tech trader, no fundamental catalyst
• Coming into NFL playoffs, NBA startup.. NHL still on hold
• Daily pulled back into the 47.50 area a resumable pull back for a move higher
Technical Stats
Daily
Hourly
Intra
Trading Plan
• Long 48
Reading the Tape
I would not have take something at a .25 level if I would not have seen some sings that this was holding.
Trade Management
Trade Notes
This was a not the best setup. I feel like when this comes off an early HoD and flushes VWAP that there is gong to be a run at VWAP. I would manage to attempt this at a.25 level that is something that I have been trying to avoid. However, it looks like I got a good tape read on this in the .20s trying to fill just below that and looking for VWAP or .50. It gave me neither and started to look weak after a small spike into .40 ish. Leading me take off the first half and stopping the second half for a small gain.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-11 10:37:06 | DKNG | buy | $50.255 | long |
| 2020-12-11 10:42:20 | DKNG | sell | $50.354 | long |
| 2020-12-11 10:45:35 | DKNG | sell | $50.310 | 0 |
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