Daytrading the strong stocks
You want stocks that are "acting well", printing upward with reasonable
volume, where prints on the offer move the offer, where prints on the bid
don't rock the stocks, etc. Good stocks have a certain look and feel. If a
fund is buying xyz, there is not way to get around putting the prints up
and acquiring the stock. Tape watching shows this and should lead you
acquiring the stock. Some daytraders focus in too much on market makers's
moving around, changing position, which is critical, but not complete. You
need to look at times/sales/quotes and how the stock reacts relative to
the orders coming onto the trader's desks at the mms.
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