{"id":4163,"date":"2010-03-17T10:13:10","date_gmt":"2010-03-17T15:13:10","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=4163"},"modified":"2010-04-07T12:01:59","modified_gmt":"2010-04-07T16:01:59","slug":"long-or-short-fuqi","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/long-or-short-fuqi","title":{"rendered":"LONG OR SHORT (FUQI)?"},"content":{"rendered":"<p>FUQI is a perfect example of how we must make trades our own. \u00a0 How we must develop our own playbook.<\/p>\n<p>I am short FUQI from 12.60. \u00a0 The <strong><a href=\"http:\/\/finance.yahoo.com\/news\/FUQI-shares-plunge-on-apf-3372474309.html?x=0&#038;.v=1\">intraday fundamentals<\/a><\/strong> are so compelling TO ME that I am playing FUQI to finish near the low. \u00a0 My win rate is probably 10 percent for such a set up. \u00a0It is very likely that at the end of the day you could say,&#8221; Oh Bella you are a dope for holding that FUQI short. \u00a0Dude you could have covered 40c in the money.&#8221; \u00a0My downside is 5c and my upside is about $1.60. \u00a0 So my risk\/reward is 1&#215;30. \u00a0I don&#8217;t have to be correct too often with this set up \ud83d\ude42<\/p>\n<p>I see an equally compelling trade for those who focus on intraday technicals. \u00a0 The intraday downtrend was broken technically at 12. \u00a0 A long from FUQI at 12.20, as a Trade2Hold through 13, with a stop below 12 makes perfect sense.<\/p>\n<p>This is a question of how you see this trade, the screen, and interpret the market. \u00a0 Make this trade your own, from your playbook.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fuqi2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4165\" title=\"fuqi2\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fuqi2.png\" alt=\"\" width=\"590\" height=\"250\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fuqi2.png 590w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/03\/fuqi2-300x127.png 300w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FUQI is a perfect example of how we must make trades our own. \u00a0 How we must develop our own playbook. I am short FUQI from 12.60. \u00a0 The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. \u00a0 My win rate is probably 10 percent for such a set up. \u00a0It &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/long-or-short-fuqi\" 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],"tags":[781,745,30,50,18],"class_list":["post-4163","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-fuqi","tag-playbook","tag-prop-trading","tag-proprietary-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>LONG OR SHORT (FUQI)? | 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\/long-or-short-fuqi\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LONG OR SHORT (FUQI)? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"FUQI is a perfect example of how we must make trades our own. \u00a0 How we must develop our own playbook. I am short FUQI from 12.60. \u00a0 The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. \u00a0 My win rate is probably 10 percent for such a set up. \u00a0It ... 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