Shared by
spyrosz
Very weak daily, looked set for the move lower towards $55.5-56 area.
NFL news already priced in and....they sold it.
Weak action premarket, bleeding, trading below R1=major daily support level (now resistance)=$58.
Premarket plan was to short the opening pop to R1=$58, expecting a brutal rejection there, and a move lower through opening print to S1=$55.5
Opened really strong and popped right into R1=$58. Filler size offer got hit, risking R2=minor resistance pivot from previous day action=$58.5, expecting a rejection and a roll-over...
Got stopped out very quickly and way too easy. Where were the sellers - trapped longs???
Sat tight to watch price. Looked really bullish, having remounted R1 on volume and holding above.
(-) Impulsive 2nd attempt as it crossed below R1 for a sec should have been avoided. Gave it a sec but once started holding clearly above $58 I bailed.
2mins after market turned south and DKNG got hit as well losing R1=$58 and holding below.
Got short Tier 0, risking HOD=$58.8, wanting to cover right into target S1=$55.5
Remained really weak and played beautifully.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-19 09:31:12 | DKNG | sell | $57.910 | short |
| 2021-04-19 09:32:45 | DKNG | buy | $58.550 | 0 |
| 2021-04-19 09:48:47 | DKNG | sell | $57.880 | short |
| 2021-04-19 09:48:50 | DKNG | sell | $57.910 | short |
| 2021-04-19 09:59:49 | DKNG | buy | $58.250 | 0 |
| 2021-04-19 10:09:27 | DKNG | sell | $57.790 | short |
| 2021-04-19 10:09:29 | DKNG | sell | $57.790 | short |
| 2021-04-19 10:53:00 | DKNG | buy | $56.720 | short |
| 2021-04-19 10:53:00 | DKNG | buy | $56.720 | short |
| 2021-04-19 11:09:27 | DKNG | buy | $56.308 | short |
| 2021-04-19 11:09:36 | DKNG | buy | $56.288 | short |
| 2021-04-19 12:06:53 | DKNG | buy | $56.000 | short |
| 2021-04-19 12:13:30 | DKNG | buy | $56.180 | short |
| 2021-04-19 12:45:37 | DKNG | buy | $55.810 | short |
| 2021-04-19 12:47:53 | DKNG | buy | $55.660 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!