{"id":13409,"date":"2011-07-20T17:45:31","date_gmt":"2011-07-20T21:45:31","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=13409"},"modified":"2011-07-20T17:45:31","modified_gmt":"2011-07-20T21:45:31","slug":"why-i-was-leaning-short-rvbd","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd","title":{"rendered":"Why I was leaning short (RVBD)"},"content":{"rendered":"

RVBD opened and held the 32 bid after gapping down miserably on the open.\u00a0 It popped almost two points from 32 and then was dominated by an aggressive seller(s).\u00a0 As RVBD made a pass at the 32 level from where it popped on the Open I got long again.\u00a0 This is one of our favorite technical set ups.\u00a0 But when it broke below 32 I started leaning heavily short.\u00a0 Why?<\/p>\n

1) An aggressive seller stepped down from the intraday high back to the 32 level.\u00a0 The seller held all offers and immediately stepped lower when bids dropped.\u00a0 There was no nuance to the selling.\u00a0 Someone had a lot to sell and they were going low offer.\u00a0 This was an aggressive seller to me and may foreshadow more selling to follow.<\/p>\n

2) RVBD finally held the offer at\/below 32.\u00a0 On the open 32 could not hold the offer.\u00a0 Below 32 was shown on the bids but if you watched the prints and inside market carefully noone was able to hold the offer at\/below 32.\u00a0 Now it could.<\/p>\n

3)\u00a0 RVBD made a new low.\u00a0 31.85 had been the low on the open but now a new low had been created to the 70cish area.<\/p>\n

RVBD did not drop quickly as I had hoped below the new low.\u00a0 But this is not the only pattern after the new low for an end of the day close at the low intraday pattern.\u00a0 It is possible that a Buy the New Low Program could be turned on the squeeze the shorts below 32 (me) and the shorts below the new low (me) to above 32.\u00a0 And that is what followed.\u00a0 It is also possible that this was a failed breakdown but because of the above that was not as likely.<\/p>\n

So I shorted into the squeeze and used 32.35 and 32.50 as my stops.\u00a0 I held.\u00a0 When RVBD traded below 31.70 and was holding I thought I was about to profit handsomely and we would find lower ground quickly.\u00a0 This did not follow.\u00a0 31.50 is an important technical level on our longer term charts so that was to be considered.<\/p>\n

RVBD did not follow through with a deeper downmove but I am content with my lean short for the reasons above. \u00a0\u00a0 Tomorrow we will watch below 31.50 as a short, above 32, above 32.35 and above 32.50 as possible longs.<\/p>\n

\"\"<\/a>
\nBella<\/p>\n

One Good Trade<\/a><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RVBD opened and held the 32 bid after gapping down miserably on the open.\u00a0 It popped almost two points from 32 and then was dominated by an aggressive seller(s).\u00a0 As RVBD made a pass at the 32 level from where it popped on the Open I got long again.\u00a0 This is one of our favorite technical set ups.\u00a0 But when … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,7],"tags":[338,1863,190,1193,653,1354,1349],"class_list":["post-13409","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","category-reading_the_tape","tag-reading-the-tape","tag-rvbd","tag-short","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"\nWhy I was leaning short (RVBD) | 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\/why-i-was-leaning-short-rvbd\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why I was leaning short (RVBD) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"RVBD opened and held the 32 bid after gapping down miserably on the open.\u00a0 It popped almost two points from 32 and then was dominated by an aggressive seller(s).\u00a0 As RVBD made a pass at the 32 level from where it popped on the Open I got long again.\u00a0 This is one of our favorite technical set ups.\u00a0 But when ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\" \/>\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=\"2011-07-20T21:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\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=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Why I was leaning short (RVBD)\",\"datePublished\":\"2011-07-20T21:45:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\"},\"wordCount\":385,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png\",\"keywords\":[\"Reading the Tape\",\"RVBD\",\"short\",\"trader education\",\"trader training\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"Mike Bellafiore's (Bella's) Blogs\",\"Reading the Tape\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\",\"name\":\"Why I was leaning short (RVBD) | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png\",\"datePublished\":\"2011-07-20T21:45:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage\",\"url\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png\",\"contentUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why I was leaning short (RVBD)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why I was leaning short (RVBD) | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd","og_locale":"en_US","og_type":"article","og_title":"Why I was leaning short (RVBD) | SMB Training","og_description":"RVBD opened and held the 32 bid after gapping down miserably on the open.\u00a0 It popped almost two points from 32 and then was dominated by an aggressive seller(s).\u00a0 As RVBD made a pass at the 32 level from where it popped on the Open I got long again.\u00a0 This is one of our favorite technical set ups.\u00a0 But when ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2011-07-20T21:45:31+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"Why I was leaning short (RVBD)","datePublished":"2011-07-20T21:45:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd"},"wordCount":385,"commentCount":0,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png","keywords":["Reading the Tape","RVBD","short","trader education","trader training","trading coach","trading mentor"],"articleSection":["Mike Bellafiore's (Bella's) Blogs","Reading the Tape"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd","url":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd","name":"Why I was leaning short (RVBD) | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png","datePublished":"2011-07-20T21:45:31+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#primaryimage","url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png","contentUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/07\/rvbd.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/why-i-was-leaning-short-rvbd#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Why I was leaning short (RVBD)"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/13409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=13409"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/13409\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=13409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=13409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=13409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}