DKNG Trade on Aug 12, 2021 09:48 from mrideout: Tradervue User Stock Trades.

Daily:

Price levels: 55.48, 53.35, 52.38
Inst. Ownership: 55.40%
ATR: 3.06
AVOL: 11.6M
VOL: 15M
Float: 368.64M
Short float: 8.00%

Intraday:
On daily chart, price had been in an uptrend. Price opened at the 52.38 level, and initially sold off, but formed a double bottom on the 1 min chart. I got long on the first 1 min new high, which rallied back to vwap and sold off again. Stopping me out.

areas of improvement
- Price created two dojis back to back on the 5 min chart, and you entered just after. This was fine. This coincided with the 200 ema on the 15 min chart.
- Your stop could have been a bit tighter at 51.70, but good job stopping out none the less.
- When price formed the hammer candle on the 15 min chart at the 200 ema, and then created a new high, you should have gotten involved again. Just cause you stop out once doesn't mean the trade thesis is invalid. Price rallied the remainder of the day to 54.50.