{"id":2174,"date":"2009-10-07T12:50:58","date_gmt":"2009-10-07T17:50:58","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=2174"},"modified":"2009-10-07T12:50:58","modified_gmt":"2009-10-07T17:50:58","slug":"stj-second-day-play","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play","title":{"rendered":"STJ- Second Day Play"},"content":{"rendered":"<p>Yesterday I traded STJ for most of the day. \u00a0I learned that 33.60, 34.25, and 34 were important levels. \u00a0Essentially STJ traded in a range for most of the afternoon yesterday 33.75-34.25. \u00a0Then into the Close STJ broke down and traded down to 33. \u00a0So what can we learn from yesterday to help us today? \u00a0I have a play for you. \u00a0More accurately I have a play for you which I stole from Connor. \u00a0What is the point of being a partner if you cannot co-opt ideas from the traders on your desk? \u00a0Let&#8217;s discuss.<\/p>\n<p>STJ was weak into the Close. \u00a034 is a level. \u00a0STJ traded up quickly on the Open with an unusual High Bid stepping up to 33.95. \u00a0STJ opened and Piker High Bid stepped to 33.75c. \u00a0The bids were hit. \u00a0Then Piker High Bid stepped to 33.85. \u00a0I hit the bids. \u00a0Then Piker High Bid stepped to 33.95 where Connor and me hit some more bids. \u00a0What the hell was that Piker High Bid thinking?<\/p>\n<p>34 is the resistance level which we clearly learned from yesterday. \u00a0On very little volume STJ is trading near resistance after it closed weakly. \u00a0Piker High Bid gifted us an awesome risk\/reward opportunity up here at 33.95. \u00a0Thank you Piker High Bid.<\/p>\n<p>I had 4 lots and I scaled out of my position down to 33.40. \u00a0I am holding some as STJ finished weakly, 33.85 is now monster resistance, and STJ is still in a downtrend. \u00a0But I would like to see some more weakness below 33.40.<\/p>\n<p>If a stock gaps up on light volume to a resistance level from yesterday get short. \u00a0If resistance lifts then cover. \u00a0But this is an excellent risk\/reward opportunity which we exploited. \u00a0I offer this for you to consider for your trading playbook.<\/p>\n<p>Heading out to the Yankees game tonight with my dad. \u00a0 It doesn&#8217;t get much better than a night at the Stadium (even with the insane windy conditions today in NYC), with the Yankees in the playoffs, and talking baseball with my dad.<\/p>\n<p>Best of luck with your trading. Don&#8217;t forget to <a href=\"http:\/\/twitter.com\/smbcapital\">follow us<\/a> on Twitter!<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-2176\" title=\"STJ 10-07-09\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\" alt=\"STJ 10-07-09\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday I traded STJ for most of the day. \u00a0I learned that 33.60, 34.25, and 34 were important levels. \u00a0Essentially STJ traded in a range for most of the afternoon yesterday 33.75-34.25. \u00a0Then into the Close STJ broke down and traded down to 33. \u00a0So what can we learn from yesterday to help us today? \u00a0I have a play for &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\" class=\"more-link\">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":[1,10],"tags":[366,30,18],"class_list":["post-2174","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-connor-murphy","tag-prop-trading","tag-smb-capital","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STJ- Second Day Play | 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\/stj-second-day-play\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STJ- Second Day Play | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Yesterday I traded STJ for most of the day. \u00a0I learned that 33.60, 34.25, and 34 were important levels. \u00a0Essentially STJ traded in a range for most of the afternoon yesterday 33.75-34.25. \u00a0Then into the Close STJ broke down and traded down to 33. \u00a0So what can we learn from yesterday to help us today? \u00a0I have a play for ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\" \/>\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=\"2009-10-07T17:50:58+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\" \/>\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\/stj-second-day-play#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"STJ- Second Day Play\",\"datePublished\":\"2009-10-07T17:50:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\"},\"wordCount\":348,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\",\"keywords\":[\"connor murphy\",\"prop trading\",\"smb capital\"],\"articleSection\":[\"General Comments\",\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\",\"name\":\"STJ- Second Day Play | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\",\"datePublished\":\"2009-10-07T17:50:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"STJ- Second Day Play\"}]},{\"@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":"STJ- Second Day Play | 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\/stj-second-day-play","og_locale":"en_US","og_type":"article","og_title":"STJ- Second Day Play | SMB Training","og_description":"Yesterday I traded STJ for most of the day. \u00a0I learned that 33.60, 34.25, and 34 were important levels. \u00a0Essentially STJ traded in a range for most of the afternoon yesterday 33.75-34.25. \u00a0Then into the Close STJ broke down and traded down to 33. \u00a0So what can we learn from yesterday to help us today? \u00a0I have a play for ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2009-10-07T17:50:58+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp","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\/stj-second-day-play#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"STJ- Second Day Play","datePublished":"2009-10-07T17:50:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play"},"wordCount":348,"commentCount":3,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp","keywords":["connor murphy","prop trading","smb capital"],"articleSection":["General Comments","Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play","url":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play","name":"STJ- Second Day Play | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp","datePublished":"2009-10-07T17:50:58+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/stj-second-day-play"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/10\/STJ-10-07-09.bmp"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/stj-second-day-play#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"STJ- Second Day Play"}]},{"@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\/2174","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=2174"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/2174\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=2174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=2174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=2174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}