{"id":3112,"date":"2009-12-22T14:30:38","date_gmt":"2009-12-22T19:30:38","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=3112"},"modified":"2009-12-22T17:18:29","modified_gmt":"2009-12-22T22:18:29","slug":"trade2hold","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trade2hold","title":{"rendered":"Trade2Hold"},"content":{"rendered":"

As a trader our quest is to make trading opportunities our own. \u00a0We are all different. \u00a0We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. \u00a0As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. \u00a0But it is up to find these best ones for us. \u00a0Today in RIMM the market offered a trading opportunity, Trade2Hold, for you.<\/p>\n

The day after earnings 70.30 and 71.65 were important intraday levels. \u00a0To refresh your memory RIMM leaked below 70.30 and then tanked. \u00a0But at 68.60 a buyer held the bid. \u00a0This became a very important level in RIMM.<\/p>\n

On the day after earnings traders become very interested in a stock. \u00a0Volume rises. \u00a0You learn more about the potential direction of the stock over the next month than ordinary trading sessions. \u00a0The Big Boys battle and you can see who has control of the stock and in which direction that is.<\/p>\n

Since the day RIMM reported 68.60 was an alert set on my trading platform. \u00a0Then today it went off. \u00a0I had been keeping an eye on RIMM before this. \u00a0I did notice the weakness.<\/p>\n

RIMM blasted below 68.60 without hesitation, a sign of weakness on the tape. \u00a0I hit the bids and started a short position. \u00a0RIMM slowed so I covered. \u00a0The offer did not lift, as I spotted a panic sell program led by FLOW, so I reshorted. \u00a0RIMM slowed and then I covered again. \u00a0Normally I do not cover below such an important level quickly but the downmove had been steep, RIMM has a tendancy to reverse, and I needed more consolidation below the important level to hold the position.<\/p>\n

Well I finally got that. \u00a0RIMM could not trade above 68.27. \u00a0This was below the important level. \u00a0I got the consolidation I needed. \u00a0The next support level was not until 66.20ish (depends on your trading time frame), with a distinct possibility of finding 65 based upon the steep downmoves. \u00a0Trade2Hold.<\/p>\n

As I write I am still short. \u00a0Perhaps I will get stopped out of this trade. \u00a0 Perhaps RIMM will find 65 today. \u00a0Honestly I really don’t care. \u00a0My job is to make these trades when I spot the opportunity. \u00a0I cannot control the results. \u00a0What I have done is found this Trade2Hold set up that makes sense to me. \u00a0And I have incorporated it into my trading with success.<\/p>\n

So if you think this trade might work for you have at it. \u00a0If not, good job of considering it for your quiver. \u00a0This is the type of exploration as traders we must do.<\/p>\n

Best of luck with your trading! Don’t forget to follow us<\/a> on Twitter!<\/p>\n

Short RIMM<\/p>\n

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

As a trader our quest is to make trading opportunities our own. \u00a0We are all different. \u00a0We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. \u00a0As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. \u00a0But it is up to find these best ones for us. \u00a0Today … 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":[14,10,3],"tags":[162,50,268,18,362],"class_list":["post-3112","post","type-post","status-publish","format-standard","hentry","category-intraday-levels","category-mike-bellafiore-bellas-blogs","category-technical_plays","tag-day-trading-blog","tag-proprietary-trading","tag-rimm","tag-smb-capital","tag-trade2hold","no-post-thumbnail"],"yoast_head":"\nTrade2Hold | 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\/trade2hold\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade2Hold | SMB Training\" \/>\n<meta property=\"og:description\" content=\"As a trader our quest is to make trading opportunities our own. \u00a0We are all different. \u00a0We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. \u00a0As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. \u00a0But it is up to find these best ones for us. \u00a0Today ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/trade2hold\" \/>\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=\"2009-12-22T19:30:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-12-22T22:18:29+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.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\/trade2hold#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"Trade2Hold\",\"datePublished\":\"2009-12-22T19:30:38+00:00\",\"dateModified\":\"2009-12-22T22:18:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold\"},\"wordCount\":450,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png\",\"keywords\":[\"day trading blog\",\"proprietary trading\",\"RIMM\",\"smb capital\",\"trade2hold\"],\"articleSection\":[\"Intraday Levels\",\"Mike Bellafiore's (Bella's) Blogs\",\"Technical Plays\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/trade2hold#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold\",\"name\":\"Trade2Hold | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png\",\"datePublished\":\"2009-12-22T19:30:38+00:00\",\"dateModified\":\"2009-12-22T22:18:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/trade2hold\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage\",\"url\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png\",\"contentUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/trade2hold#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trade2Hold\"}]},{\"@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":"Trade2Hold | 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\/trade2hold","og_locale":"en_US","og_type":"article","og_title":"Trade2Hold | SMB Training","og_description":"As a trader our quest is to make trading opportunities our own. \u00a0We are all different. \u00a0We process information uniquely, have a different tolerance for pain, trade specific set ups better than others, etc. \u00a0As intraday traders we must have Trades2Hold, longer term intraday trades in our quiver. \u00a0But it is up to find these best ones for us. \u00a0Today ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/trade2hold","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2009-12-22T19:30:38+00:00","article_modified_time":"2009-12-22T22:18:29+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.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\/trade2hold#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"Trade2Hold","datePublished":"2009-12-22T19:30:38+00:00","dateModified":"2009-12-22T22:18:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold"},"wordCount":450,"commentCount":5,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png","keywords":["day trading blog","proprietary trading","RIMM","smb capital","trade2hold"],"articleSection":["Intraday Levels","Mike Bellafiore's (Bella's) Blogs","Technical Plays"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/trade2hold#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold","url":"https:\/\/www.smbtraining.com\/blog\/trade2hold","name":"Trade2Hold | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png","datePublished":"2009-12-22T19:30:38+00:00","dateModified":"2009-12-22T22:18:29+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/trade2hold"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#primaryimage","url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png","contentUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2009\/12\/RIMM-3-day-12-22-09.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/trade2hold#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"Trade2Hold"}]},{"@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\/3112","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=3112"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/3112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=3112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=3112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=3112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}