Pat,
This one might be against the grain of what MissionWinners is composed of, but want to know your thoughts. Considering a post COVID world where sports exist, I think this has a lot of promise with sports being more prevalent, along with e-sports in the meantime.
I currently have a large position in DKNG (DraftKings) and it t is 75% higher currently than my average price of 19.50. I want to hopefully hang onto it for a few years if not longer. I want to let winners run, and don't understand what the point is to cut them off. I believe in their business, especially as sports start back up.
I am normally a swing trader and don't feel comfortable with how to manage such a large gain in a short period of time. Should this be a longer term position or sell some based upon my entry points and your analysis. Thanks in advance.
Thanks,
Keith
also, it is now 180% above 200d sma Bill O’neil’s rule was 200% max so this may be close to an upcoming sell off period.