DKNG Trade on Sep 10, 2020 09:36 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Accel Entertainment Inc. shares were up 6% to $13.52 in morning trading.
• The distributed gaming operator in Illinois said earlier it entered into an exclusive agreement with digital sports entertainment and gaming company DraftKings Inc.
• Accel said its video gaming locations across Illinois will promote exclusive DraftKings content and programming across all Accel marketing channels, including the Accel's in-location digital display screens.
• DraftKings shares were up 3.6% to $38.35 .
• "Our agreement with DraftKings enables Accel to significantly expand our reach, not only in the locations where we already operate, but also with new potential partners as we look to continue driving growth," said Accel Chief Executive Andy Rubenstein .
Technicals
ADV 13.87m RVOL 1.29 ATR 2.90 Short 7.87% Inst Own 51.5%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Flush 40.28 short VWAP risking 41.80 PM high
• Look for a long at 40 later in the morning
• VWAP test on the side of the incoming action
Reading the Tape

Trade Management

Trade Notes
This was one of my best trades. It was outlined in the PM. I followed the plan willing to take the LoD. I peeled of some size and letting the plan work. It started working quickly and allowed me to use my entry candle as a stop as a swing low. I am calling this a VWAP support play. But, I did limit in at the SMA as it had a chance to give a flush and got a good fill at the right time. I did need to try and hold for more on the half off set up. That is the only deviation from how I am trying to play this set up.T he adjusted risk to the new swing low did allow for this. This would then offer some great short-term structure stops to keep me from giving to much back.
There was a lot of ways that I could have looked at this trade. I was expecting this to at least come back and test VWAP and even had set up for a long at that level. I figured I would try to short back into it. I handle the entry and the stop right. I think I should have been more aware of the potential break out trade.