{"id":3684,"date":"2010-02-08T17:29:23","date_gmt":"2010-02-08T22:29:23","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=3684"},"modified":"2013-05-18T19:20:25","modified_gmt":"2013-05-18T23:20:25","slug":"a-trade2hold-has-exit-if-it-trades-against-you","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/a-trade2hold-has-exit-if-it-trades-against-you","title":{"rendered":"A Trade2Hold: HAS Exit (if it trades against you)"},"content":{"rendered":"<p>Who knew I was short the strongest stock in the market? \u00a0The stock gapped up. \u00a0Then buyers stopped paying the offer. \u00a0The stock broke its intraday uptrend. \u00a0And I shorted two lots with a Trade2Hold. \u00a0Well that didn&#8217;t work out.<\/p>\n<p>HAS, Hasbro, reported before the Open and beat on revs and the bottom line. \u00a0Apparently someone is buying toys again. \u00a0On the one year chart there was no resistance. \u00a0HAS started an intraday downtrend. \u00a034.30 held the offer on the tape. \u00a0I added more to my short position from 44c.<\/p>\n<p>I entered stops of 31c, 36c and 60c got up and went to take care of a personal matter. \u00a0When I returned I was completely flat in HAS. \u00a0Well that is not good.<\/p>\n<p>The teaching principle for this trade? \u00a0For Trades2Hold we must set stops if the stock trades against us. \u00a0When trading multiple lots we need multiple stops. \u00a0I close out almost all of my positions manually but with Trades2Hold I will use stops. \u00a0For a Trade2Hold you cover only when there is a Reason to Cover. \u00a0And one such reason is if the stock trades against you, hitting a price that you set as your stop.<\/p>\n<p>There was too much bid buying on the way down. \u00a0Stocks like HAS that gap up almost never buy so much stock on the way down. \u00a0They drop out and the tape foreshadows the weakness generally. \u00a0My short position ambition was bigger than my trading senses.<\/p>\n<p>Overall this was a good trade. \u00a0I opened an excellent risk\/reward short. \u00a0But HAS wasn&#8217;t weak enough on the tape for me to be short two lots.<\/p>\n<p>Later I learned that I had started this short in the strongest stock in the market. \u00a0Brilliant Bella! \u00a0Above 34.60 I did start a long position and a tweet exchange with @sellputs about its chances of trading well through 35. \u00a0@sellputs wasn&#8217;t optimistic. \u00a0 I held not seeing any weakness on the tape yet cautious of price. \u00a0HAS closed strong, but well below 35 and is on my radar for tomorrow-especially above 35.15.<\/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>Long HAS<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3691\" title=\"HAS 2-8-10\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10.png\" alt=\"\" width=\"570\" height=\"390\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10.png 570w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10-300x205.png 300w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bella discusses where he exited his Trade2Hold short position in HAS today.<\/p>\n","protected":false},"author":144,"featured_media":3691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,7],"tags":[635,636,637],"class_list":["post-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mike-bellafiore-bellas-blogs","category-reading_the_tape","tag-has-trade2hold","tag-reason-to-sell","tag-stop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Trade2Hold: HAS Exit (if it trades against you) | 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\/a-trade2hold-has-exit-if-it-trades-against-you\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Trade2Hold: HAS Exit (if it trades against you) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Bella discusses where he exited his Trade2Hold short position in HAS today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/a-trade2hold-has-exit-if-it-trades-against-you\" \/>\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=\"2010-02-08T22:29:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-05-18T23:20:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10.png\" \/>\n\t<meta property=\"og:image:width\" content=\"570\" \/>\n\t<meta property=\"og:image:height\" content=\"390\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/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\/a-trade2hold-has-exit-if-it-trades-against-you#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-trade2hold-has-exit-if-it-trades-against-you\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"A Trade2Hold: HAS Exit (if it trades against you)\",\"datePublished\":\"2010-02-08T22:29:23+00:00\",\"dateModified\":\"2013-05-18T23:20:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-trade2hold-has-exit-if-it-trades-against-you\"},\"wordCount\":372,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/a-trade2hold-has-exit-if-it-trades-against-you#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/HAS-2-8-10.png\",\"keywords\":[\"HAS. 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