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Familiarize Yourself with the Most In-Play Stocks, and Ride Them Into the Ground

Steve Levay
Feb 25, 2013, 11:48 AM


You always hear me talk about the 3-d printing stocks, 3-D Systems (NYSE:DDD), Stratasys (NASDAQ:SSYS) and ExOne (NASDAQ:XONE) every day in my game plan and throughout the day in our Momentum Chat room on the Virtual Trading Floor.  There is a reason they are in my game plan every day.  A stock that moves 3-5 dollars in a day, every day, needs to be part of your plan all the time as well.  Our job as traders is to find stocks that move and give us a nice average true range (ATR).  What I have done is basically taken that idea to the extreme.  I look to trade them EVERY DAY if possible, and I will continue to do so until volatility dries up.


The reason for me trading the same stocks every day is simple: I believe the more familiar you become with a stock(s) the better your will trade it(them). You start to know how they move, when they will move and if there's news in one of the stocks of the sector, you pretty much know what to expect in the other stocks in that sector as well.  I have traded the 3-D printer stocks religiously now for four months.  It's not a coincidence that I have had one my best stretches since 2007-2008.  I see great moves and great money making possibilities every day.


Your job as a trader is to find these stocks and become an expert on how they trade and when there is the opportunity to make the good trade.  I will milk these stocks for every penny I can until I can't make money in them anymore.  Why get away from what works?




*DISCLOSURES: Steve Levay is long VHC calls, short SSYS, XONE.

Last Updated ( Monday, 25 February 2013 13:04 )