DKNG Trade on Nov 17, 2020 10:44 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

DKNG
Intraday Fundamentals
• ATH correction technical trader
• Tier 2 with target of 100 a share (loop capital)
Technical Stats
ADV 26.06m RVOL .6 ATR 2.81 Short 8.48% Inst Own 49.4%

Trading Strategy
• Long 43
• Long vwap if this breaks 44.50 and looks like it will stay strong
• 43.50 holds long VWAP if it breaks an holds maybe combine these two at the open
Reading the Tape
There is nothing specific on the tape. Each entry was taken with a stall on the tape after a strong flush.
Trade Management

Trade Notes
I got a 17 cent partial to start this trade. This made the bigger add around 43.50 a lot easier to take with some more size and preparing to take in more at PD HoD. I added on a stall right above .50 getting filled at .56 I hesitated on the next stall in the .30s as I was thinking that it may dip more and I was already sized well for a trade to hold through if it started to work from there which is more or less did. The exit on this made a lot of sense an the final exit could not have been much better
The tape help me get in on the VWAP support play. I was looking for about 50 cents and this fell short of that mark for a good couple of minutes before I tapped out of this. I was in a situation where I could have held this most of the day. So, this looks like I was trying to save some pennies and cost me more in profit.

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Execution detail:

Date/time Symbol Side Price Position
2020-11-17 10:44:26 DKNG buy $44.280 long
2020-11-17 10:55:07 DKNG sell $44.595 0


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