DKNG Trade on Nov 11, 2020 09:41 from Cklamb: Tradervue User Stock Trades.

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Shared by
Cklamb

 

DKNG
Intraday Fundamentals
• Technical trader,
• COvid uncertainty and sport lull
• Earnings later this week
Technical Stats

Trading Strategy
Reading the Tape
I would say that there was enough tight spread action on this as 39.50 that lead me to believe that this was a good place to start looking long. It gave the same spike to the low a couple of times and held just bounced the spread for a before making the stronger move higher.
Trade Management

This is not a bad spot to look for the a scalp back into VWAP. I played this risk to tight here and got got high ticked out of this at .83/ I needed to considertaking the HoD as the stop. This would have left me looking for a break of 40 instead of a test of VWAP.
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Execution detail:

Date/time Symbol Side Price Position
2020-11-11 09:41:18 DKNG sell $40.590 short
2020-11-11 09:45:05 DKNG buy $40.830 0


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