1. Price momentum - $TRIP has been on an absolute tear in 2013 and is easily one of the leading stocks of the current uptrend.
2. Sector momentum - $TRIP and its entire group ($PCLN, $OWW, $AWAY) have been hot in 2013.
3. High short float - Although $TRIP has a 100mil+ share float about 14% of this currently held short. This could fuel an explosive move should the stock rip into new all-time highs forcing shorts to cover!
4. Fundamentals - The stock has reported solid quarter over quarter revenue and earnings growth in its two most recent quarters.
5. Technicals - Finally the chart has formed an outstanding technical set up just off all-time highs while the market have corrected over the past couple weeks!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
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MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
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I sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
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Although I made a decent gain on this trade; I missed out on a lot of upside!
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