DKNG Trade on Dec 18, 2020 09:45 from tjmiller2001: Tradervue User Stock Trades.

VWAP Bounce. Bad trade idea. A high-quality VWAP bounce wouldn't start the day with so many red candles, then go big green, then dip for my entry. A good VWAP bounce setup would open green and pull back on lighter volume. This move wasn't clean enough to warrant an entry.

Entered on a dip down to VWAP with a 3:1 RR. Entered before I had any reason to expect that level would hold. In reality, the move down was so fast, I should've sat on my hands here and waited for things to calm down. Not reasonable to expect this name to move all the way up to 56.40. Bad levels set. It dropped quickly and I was slow on my exit. Even though there was a key level and VWAP below, SPY wasn't supporting an uptrend. Would've been a big loss with options.