DKNG Trade on Jan 19, 2021 09:36 from Cklamb: Tradervue User Stock Trades.

DKNG
Intraday Fundamentals
• Working towards 2nd quarter high ranging between
• Tight spread, liquid, and good ATR
Technical Stats
ADV 22 M RVOL .45 ATR 3.01 Short 5.5% Inst Own 46.1%
Daily

Hourly

Intra

Trading Plan
• A possible long starting at 52.50 giving a point, if you can hold for an SMA support set up off this level better otion
• 53.40 is the late afternoon low and a reasonable flush below the pm low to consider long the PM low if the level and the tape hold
• Long a spike to 53 and target 53.50 expecting the move into 52.50
Reading the Tape
There were a few stalls that I hit well here. I was trying to build or I could have gotten a few more cents on a couple of the adds when I was building in with what I was seeing on the tape and the adds.

Trade Management

Trade Notes

I believe that this is not a bad scalp. I do think that this should have been an initial scratch trade taking this off when it went flat after the run up I got. I am okay with playing off a round level when the PM low is something like .50 in a stock like this. I got 20 cents on the partial and added on a small tape read that allowed me cycle off another 18 cents leaving me with a half a tier. I would get a couple nice tape read adds that I tried to hold even though I had opportunities to taka couple of 20ish cents run keeping at even. I felt like this would set up and hold 52.40. Leaving me dealing with full flush of the 52 giving me the last add 51.70 as this held 51.59 on the tape a couple of times. I was patient on holding this back above 52 and started taking off when BE would have been the LoD. I used the tape and the 52.40 level to exit a bit more trying to hold a tier into a possible break of 52.40. I would take half that off at a bounce of the SMA and then when it flushed 52. I think 51.99 would have been a place to set a hard stop in hindsight.