{"id":46667,"date":"2018-03-02T12:46:08","date_gmt":"2018-03-02T17:46:08","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=46667"},"modified":"2018-03-02T12:46:08","modified_gmt":"2018-03-02T17:46:08","slug":"if-the-white-house-walks-back-tariffs-then","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then","title":{"rendered":"If the White House walks back tariffs, then&#8230;&#8230;."},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-45214\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\" alt=\"\" width=\"594\" height=\"597\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png 594w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together-150x150.png 150w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together-298x300.png 298w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together-300x302.png 300w\" sizes=\"auto, (max-width: 594px) 100vw, 594px\" \/><\/p>\n<p>Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum.\u00a0 After this announcement, the markets sold off hard and there were winners and losers.<\/p>\n<p>One of the really fun things traders can do our desk is play with technology.\u00a0 Two traders could be heard discussing building a basket of stocks and products to buy if the tariffs are walked back.\u00a0 They thought about what had been hit hardest to add to their basket and how to build.<\/p>\n<p>During our AM meeting we discussed this possibility as well the potential for follow thru to the downside.\u00a0 We asked our traders to review what did well and what got hit hard yesterday for trading opportunities today.<\/p>\n<p>During our 11AM Trader Development mentoring session, we again discussed what to buy and sell if the White House walked back raising tariffs.\u00a0 Some ideas (not meant to be comprehensive): Buy F, BA, GM, SPY, CMI, CAT.\u00a0 The idea is to review what has been hit the hardest and be ready to buy if a walk back occurs.\u00a0 Some more ideas: Short X, VXX.<\/p>\n<p>This is not a political statement, but a pattern recognition observation.\u00a0 The White House has a history of walking back statements of late.\u00a0 So this is something for which to prepare as a trader.<\/p>\n<p>*no relevant positions<\/p>\n<p><a href=\"http:\/\/smbu.com\/bella\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-46663\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/03\/bella-update.jpg\" alt=\"\" width=\"600\" height=\"300\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/03\/bella-update.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/03\/bella-update-300x150.jpg 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2018\/03\/bella-update-100x50.jpg 100w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum.\u00a0 After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology.\u00a0 Two traders could &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":45214,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5463],"tags":[30,50,5464,1354,1349],"class_list":["post-46667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bella-daily-update","tag-prop-trading","tag-proprietary-trading","tag-tariffs","tag-trading-coach","tag-trading-mentor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>If the White House walks back tariffs, then....... | 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\/if-the-white-house-walks-back-tariffs-then\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If the White House walks back tariffs, then....... | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum.\u00a0 After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology.\u00a0 Two traders could ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\" \/>\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=\"2018-03-02T17:46:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\" \/>\n\t<meta property=\"og:image:width\" content=\"594\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"If the White House walks back tariffs, then&#8230;&#8230;.\",\"datePublished\":\"2018-03-02T17:46:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\"},\"wordCount\":241,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\",\"keywords\":[\"prop trading\",\"proprietary trading\",\"tariffs\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"Bella Daily Update\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\",\"name\":\"If the White House walks back tariffs, then....... | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\",\"datePublished\":\"2018-03-02T17:46:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png\",\"width\":594,\"height\":597},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"If the White House walks back tariffs, then&#8230;&#8230;.\"}]},{\"@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":"If the White House walks back tariffs, then....... | 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\/if-the-white-house-walks-back-tariffs-then","og_locale":"en_US","og_type":"article","og_title":"If the White House walks back tariffs, then....... | SMB Training","og_description":"Today on the desk we discussed the importance of creating a plan for if the White House walks back its pronouncement to raise tariffs on steel and aluminum.\u00a0 After this announcement, the markets sold off hard and there were winners and losers. One of the really fun things traders can do our desk is play with technology.\u00a0 Two traders could ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2018-03-02T17:46:08+00:00","og_image":[{"width":594,"height":597,"url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png","type":"image\/png"}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"If the White House walks back tariffs, then&#8230;&#8230;.","datePublished":"2018-03-02T17:46:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then"},"wordCount":241,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png","keywords":["prop trading","proprietary trading","tariffs","trading coach","trading mentor"],"articleSection":["Bella Daily Update"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then","url":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then","name":"If the White House walks back tariffs, then....... | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage"},"thumbnailUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png","datePublished":"2018-03-02T17:46:08+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2017\/04\/traders-working-together.png","width":594,"height":597},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/if-the-white-house-walks-back-tariffs-then#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"If the White House walks back tariffs, then&#8230;&#8230;."}]},{"@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\/46667","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=46667"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/46667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media\/45214"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=46667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=46667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=46667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}