{"id":12810,"date":"2011-06-30T23:05:15","date_gmt":"2011-07-01T03:05:15","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=12810"},"modified":"2011-06-30T23:05:15","modified_gmt":"2011-07-01T03:05:15","slug":"so-simple-yet-missed-by-so-many","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/so-simple-yet-missed-by-so-many","title":{"rendered":"So Simple Yet Missed By So Many"},"content":{"rendered":"<p>I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade?<\/p>\n<p>YOKU recently was beaten down with the rest of the Chinese stocks. It finally started to move sideways and then had a clear break to the upside on Tuesday. It broke out from 32.50 and had a monster move to 37.50. Yesterday it trended all the way back down to 32.60 before bouncing 1.5 points into the close.<\/p>\n<p>Today it dropped like a rock to 32.62 and then reversed fairly hard to 33.50 and consolidated for another 30 minutes before it had a second up leg to 34.80.<\/p>\n<p>I think most traders miss these trades for a couple of reasons. One, they just don&#8217;t understand how favorable the risk\/reward is on buying a stock when it returns to an area where it broke out from. Two, often a stock will look like garbage on the tape when it is returning to a breakout price and traders may wait for some confirmation that the stock isn&#8217;t going to steamroll them the second they get involved.<\/p>\n<p>Here are a couple of tips to make this trade easier on your nerves. Only go in with a quarter position size as it approaches the breakout price. And only start to build the position size once the trade has moved in your favor and had a chance to consolidate. \u00a0As a rule of thumb you want at least 25 minutes of consolidation prior to building up your position.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/yoku-return-to-breakout-june-29-and-30.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12813\" title=\"yoku return to breakout june 29 and 30\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/yoku-return-to-breakout-june-29-and-30.png\" alt=\"\" width=\"600\" height=\"420\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/yoku-return-to-breakout-june-29-and-30.png 1000w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/yoku-return-to-breakout-june-29-and-30-300x210.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/so-simple-yet-missed-by-so-many\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1,8,1373],"tags":[1376],"class_list":["post-12810","post","type-post","status-publish","format-standard","hentry","category-fundamental-plays","category-general-comments-2","category-steven_spencer_steves_blogs","category-trading-lesson","tag-p","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>So Simple Yet Missed By So Many | 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\/so-simple-yet-missed-by-so-many\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"So Simple Yet Missed By So Many | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I have been inspired to write a quick post from a tweet sent out earlier from @apextrader. He mentions that he got long YOKU around 32.50 and that it has gone back up but been a fairly bumpy ride. Why did he make that trade? And why are so few able to execute this trade? YOKU recently was beaten down ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/so-simple-yet-missed-by-so-many\" \/>\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=\"2011-07-01T03:05:15+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/06\/yoku-return-to-breakout-june-29-and-30.png\" \/>\n<meta name=\"author\" content=\"sspencer\" \/>\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=\"sspencer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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