Do you have a stock that due to both technical and fundamental reasons\u00a0 has traded in pretty much one direction for weeks or months? I do\u2026for the last few months it\u2019s RIMM.<\/p>\n
I have RIMM on my screen everyday and I know exactly how it feels, moves and reacts. I play it virtually every day and use it like my own personal ATM . I am a day trader and I take very seriously the tools and trades I have in my arsenal.<\/p>\n
Maybe you can benefit by having an ATM stock on your screen daily. I expect to trade RIMM for a profit every time I trade it. I can spot the robots and use them to my advantage. I can tell real buying from short covering. I can spot the real seller in the tape early. Most of all I can tell when the chop fest is on and avoid trading in the name.<\/p>\n
There is something to be said for familiarity. One of the reasons I love 2nd Day plays is because I feel as if the stock is my friend on Day2. I know the levels and how it moves and I can be bigger in size with that comfort. Today I coined RIMM around a core and URBN as a Second Day play on the short side in an up market early. Some tools in your arsenal you will love better than others, use them often.<\/p>\n
Jeff Davis @Shaq48trading.blogspot.com<\/p>\n","protected":false},"excerpt":{"rendered":"