DKNG Trade on Mar 29, 2023 09:33 from kgauvin25: Tradervue User Stock Trades.

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kgauvin25

 

Sleep: 4/10
- Very tired when woke up
- In bed about 30min later than wanted
- Kept lights on way too long and on screens too late
- Need to adjust for tonight

Market Summary:
- Indice Misalignment continues, SPY above 400 remains key until then market not supporting longs
- Gap up into major level = tough to buy
- If SPY can really get going look for rel strong names

$DKNG - Consumer Breakout, Daily Wedge, MD
- announces DK Horse app has launched in 12 states with additional launches expected for the Kentucky Derby on 5/6
- MC 7.5B, ATR 1, AV 13m, Beta 1.8

- Plan: Through 18, Inside Day within Daily Wedge

- Execution:
- So I avoid just taking this right off the open
- Hammer starts to form looking at about 16 cents risk
- 8 EMA was rel there and so yes I was cheating a bit before the actual $18 Level Break, however getting real good R/R
- Light speed was kinda freezing and I was hesitating
- Easily 600 shares for this (due to cheat), but I waited and so had to take less size
- I up ticked in and was now in at $0.08 worst price with less size
- So it began to push on my favor, noticed a big big seller at $18 and was struggling to break
- Now I am getting really mad knowing had I gotten better price I would be have gotten risk covered on the pop above 18
- So I was now prepared to be stopped out
- Huge buying came in and broke the level and I got my risk covered
- Then put an offer at 18.5 which looked like daily Res and moved my stop up to the 9:45am low as this broke on massive volume
- My offer got hit and I was planning to trail remainder
- I trailed this last piece to the 10:15am low as confirmed lower High had come in with 8 EMA catchup
- I was not big enough to have more trailed on the 15min so had a feeling if I get stopped out this might still have a chance
- I ended up getting stopped out of my trailer and realized I was right as if I had some for 15min would still be involved for bigger move

- Rewatch:
- Never created If/Then as Hammer was forming so no wonder I was unable to get in
- Could have gotten in around 17.89 for 15 cents risk, 8 EMA was there
image


Execution detail:

Date/time Symbol Side Price Position
2023-03-29 09:33:47 DKNG buy $17.960 long
2023-03-29 09:48:22 DKNG sell $18.170 long
2023-03-29 10:08:07 DKNG sell $18.490 long
2023-03-29 10:34:33 DKNG sell $18.300 0


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