{"id":546,"date":"2009-04-29T21:04:22","date_gmt":"2009-04-30T02:04:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=546"},"modified":"2009-06-03T11:07:52","modified_gmt":"2009-06-03T16:07:52","slug":"the-advantage-of-in-play-stocks","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-advantage-of-in-play-stocks","title":{"rendered":"The Advantage of In Play Stocks"},"content":{"rendered":"<p>I have written extensively since our blog began regarding &#8220;In Play&#8221; stocks.\u00a0 During earnings season there are many In Play stocks to choose from each day.\u00a0 Traders should choose no more than two or three of these stocks each day to focus on.\u00a0 This is the case because you can make a lot more money trading one or two stocks well than trading many stocks poorly.<\/p>\n<p>Prior to the start of earnings season I was trading FAZ almost every day.\u00a0 But I made it clear to our desk that once earnings season began my focus would change to stocks with fresh news.\u00a0 This is where a skilled trader&#8217;s edge exists.\u00a0 The increased order flow in stocks with fresh news create greater liquidity, intraday volatility, and great risk\/reward setups that are EASILY recognizable.<\/p>\n<p>During the past 7 trading days I was able to find a new In Play stock each day. \u00a0 My worst day during that period was finishing up over 2K.\u00a0 Certainly my <a href=\"http:\/\/www.smbtraining.com\">trading skills<\/a> played a large part in my success each day but a larger contributor to my success was proper stock selection.\u00a0 Some of the stocks I have traded recently include RIMM, AAPL, QCOM, AXP, GS, MS, and AMZN.\u00a0 Take a look at the chart of QCOM below from the day it released earnings.\u00a0 Even a novice trader would probably have crushed QCOM if they were aware of the resistance levels at 42.60\/43.\u00a0 Take a look at the AMZN chart below.\u00a0 How difficult do you think it was to make money when it traded above prior resistance of 83?\u00a0 Not very.<\/p>\n<p>Tomorrow I will trade V which released earnings after the close.\u00a0 I will <a href=\"http:\/\/twitter.com\/smbcapital\">twitter<\/a> key levels before the market opens at 9:30.\u00a0 I will blog later in the day about how it traded during the Open and offer some advice for what to look for during the Close.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/04\/qcomearnings.bmp\" title=\"qcomearnings\"><img decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/04\/qcomearnings.bmp\" alt=\"qcomearnings\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/04\/amznearnings.bmp\" title=\"amznearnings\"><img decoding=\"async\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/04\/amznearnings.bmp\" alt=\"amznearnings\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have written extensively since our blog began regarding &#8220;In Play&#8221; stocks.\u00a0 During earnings season there are many In Play stocks to choose from each day.\u00a0 Traders should choose no more than two or three of these stocks each day to focus on.\u00a0 This is the case because you can make a lot more money trading one or two stocks &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-advantage-of-in-play-stocks\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,15],"tags":[30,18,301],"class_list":["post-546","post","type-post","status-publish","format-standard","hentry","category-steven_spencer_steves_blogs","category-trading_theory","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Advantage of In Play Stocks | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-advantage-of-in-play-stocks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Advantage of In Play Stocks | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I have written extensively since our blog began regarding &#8220;In Play&#8221; stocks.\u00a0 During earnings season there are many In Play stocks to choose from each day.\u00a0 Traders should choose no more than two or three of these stocks each day to focus on.\u00a0 This is the case because you can make a lot more money trading one or two stocks ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-advantage-of-in-play-stocks\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-04-30T02:04:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-06-03T16:07:52+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/04\/qcomearnings.bmp\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" 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