Quest Capital HK - DraftKings Stock Turns Out to Be a Good Bet

In any form of chance, you take advantage of any possibility to improve your odds. There is still an element of chance in swing trading, but opportunities to gain an advantage occur more frequently.
QUARRY BAY, Hong Kong - July 6, 2023 - PRLog -- DraftKings stock has provided multiple opportunities for gains this year, making it a wager worthy of multiple wagers.

DKNG Stock as an Example of Swing Trading

This year, DraftKings (DKNG) stock has already been traded three times on SwingTrader. A previous column described its March follow-through day entry.

Taking a third off into strength (2) aided in keeping the trade profitable when it was ultimately closed after a 6% gain nearly completed a round-trip.

Despite the fact that the stock ended up recovering that day, DKNG stock fell further before finding support at its 50-day moving average line and could have easily been a losing investment.

DraftKings stock ended up making a positive move without us, but a significant portion of that was due to a 15% increase following its earnings report (5). Due to the fact that we do not hold through earnings, we cannot lament missing these types of maneuvers. If anything, we can heave a murmur of relief when the stock goes in the opposite direction with large margins down. These types of losses can nullify many of our modest gains.

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