The literature on stream fish movement offers diverse views on the patterns (restricted vs. nonrestricted), causes (competition vs. habitat use), and consequences (mobile fish of lower vs. equal fitness) of movement. We tagged 320 young-of-the-year Atlantic salmon (Salmo salar) (30.1–55.3 mm), using relatively noninvasive tagging (elastomers) and recovery (snorkeling) techniques, to test these alternative views. Most fish (mean = 63.8%) stayed in the study sites (10–120 m) throughout their respective study season (28–74 days). Of the resighted fish, 61.8% moved less than 1 m up- or down-stream and only three fish moved more than 10 m, causing extremely leptokurtic movement curves. Movement and site fidelity were weakly affected by habitat use and competition. Fish originally found in slow water moved farther than fish from fast water, whereas fish found at high population densities were more likely to disappear than fish from low densities. Finally, mobile fish grew as fast or faster than more sedentary fish, supporting the idea that movement can be advantageous and is not just a by-product of density-dependent population regulation.