Day Trading Zoom Stock First Day Red & DraftKings Stock First Green Day
Channel: Mario Alvarado
Date: 2020-10-20

Hey what's up guys it's Mario and today's video I'm going to go over two trades. Day Trading first red setup on Zoom Stock and the second one is a first green setup on DraftKings Stock. I'm going to go over technical analysis as well as the thought process, how I manage my risk and a little bit of fundamentals, because you have to kind of when you make when you day trade you have to also think about the bigger picture. Like for example how are institutional investor trading, what are they looking at what are they thinking. That's very important alright guys let's get started so let me share my screen. So I am looking at the daily chart, the reason why I was interested in shorting Zoom Stock was because it was overextended. What I use to determine when a stock is overextended is actually the bollinger bands. Not only was it overextended but also the market was was weak, if you look at the nasdaq there was a huge selloff yesterday after the gap up. The gap up to me felt like it was in some sort of exhaustion and it was going to be sold off, especially since zoom gapped up and it was already overextended I felt like yesterday was going to sell off. 

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