DKNG Trade on Nov 3, 2020 09:32 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• This is finally looking like it has found a temporary bottom with 35 being the support level that looks to hold
• Some short interest has come out of this name
Technical Stats
ADV 24.1, RVOL .74 ATR 3.22 Short 6.68% Inst Own 48.70
Daily

Hourly

Intra

Trading Strategy
• LONG 36 and be ready to hold for weeks
• 36.50 if it breaks and holds at the morning, do not start as heavy here
Reading the Tape
I read it badly.

BAD TRADE.. revenge set up. If I wanted play the break to the downside, I needed to wait for a retest of the level, a short at the SMA, or VWAP. This would have let me read the tape and settle back in after the opening loss. I was pushing this morning. I added to much here and too close in price on most of the adds. This loss would be easier to swallow if I had thought the trade through prior.