During a midday Tradecast I said, “You do not want to miss 2nd Day Plays.” These are the easiest set ups for new traders. Essentially a 2nd Day Trade uses the most important prices from Day 1 of when a stock was In Play. So if a stock reported, what were the most important prices from that Day 1? The next trading session we trade off of those prices.
One of our new traders created a 2nd Day Primer Sheet for the desk. This helps our traders not miss these easiest of set ups. Here is a peak of what that sheet looks like below.