DKNG Trade on Oct 28, 2020 09:32 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Technical play..long??
• This has not given a bounce on any of the level,
• 32.50 is about a 50% pull back from all time highs
• Seems to be trading with the SPY regardless of news
Technical Stats
ADV 23.42m RVOL 1.23 ATR 3.50 Short 6.75% Inst Own 48.7%
Daily

• None of the support levels have held over the last two week with the exception of and the run back into 52
• Still looking real weak on the daily
Hourly

• Methodical step down on the hourly
Intra

Trading Strategy
• Long 35.20 if it gets there
• Work the open VWAP short or long if it break 38 to the upside or 37.10 to the down side
Reading the Tape
ON the HoD short where the charts was looking extended, I was watching the tape and seeing the volatility compress as it came into 39.30.
Trade Management

I took this at the longer term level after it gave a test of the PM high and looked like it would stay strong. A better entry would have been to wait for the retest of the early VWAP or the SMA. I would have some issues on the platform taking delayed confirmation. There was also an issue on delayed executions that ramped up my emotions. This put me on edge. I was not able to hold either of the trades I put on at the open. This set up for a solid test of 40 and could have met what I had game planned for.