DKNG Trade on Oct 29, 2020 09:30 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

DKNG
Intraday Fundamentals
• Technical trader, deep multi week sell off
• Medium term IPO set up
Technical Stats
ADV 23M RVOL 1.15 ATR 3.45 Short 6.75M Inst Own 48.7%
Daily

Hourly

Intra

Trading Strategy

Reading the Tape
There is not a lot that I saw that made a difference in my decisions.
Trade Management

Trade Notes

I played this as a support play a little different than I would normally. This was trending up heading into the open and looking like it was going to extend and I committed to taking this long at VWAP. This was ok as it did break the pm high before entering the trade. This did not stay strong. After taking a partial, I had to add a couple of times to get this in a situation where it stayed a winning trade. All the adds made sense adding in at PM levels or PD levels where some catch or bounce could be expected. I was looking for 39.20 on the last bit. But, I lost my patience.
image


Execution detail:

Date/time Symbol Side Price Position
2020-10-29 09:30:16 DKNG buy $38.845 long
2020-10-29 09:32:13 DKNG sell $39.090 long
2020-10-29 09:34:02 DKNG buy $38.644 long
2020-10-29 09:42:42 DKNG buy $38.295 long
2020-10-29 09:43:34 DKNG buy $38.199 long
2020-10-29 09:45:02 DKNG sell $38.480 long
2020-10-29 09:48:11 DKNG sell $38.558 long
2020-10-29 09:55:29 DKNG sell $39.077 0


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