{"id":9090,"date":"2011-01-04T23:44:12","date_gmt":"2011-01-05T04:44:12","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=9090"},"modified":"2011-01-04T23:44:12","modified_gmt":"2011-01-05T04:44:12","slug":"sleeping-in-shanghai","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/sleeping-in-shanghai","title":{"rendered":"Sleeping In Shanghai"},"content":{"rendered":"<p>I returned from traveling in China a few days ago. \u00a0My body hasn&#8217;t made the time adjustment yet. \u00a0There is a 13 hour difference between NYC time and Shanghai time. \u00a0Night is day and day is night. \u00a0Yesterday I was reviewing the SMB Scans which are compiled after the close each day. \u00a0They consist of stocks in our tradeable universe that have traded in a noticeable manner on a particular day.<\/p>\n<p>The one stock that caught my attention from the &#8220;weak scan&#8221; was COH. \u00a0It is a stock that has treated\u00a0<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-relative-weakness1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-9096\" title=\"coh relative weakness\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-relative-weakness1.png\" alt=\"\" width=\"378\" height=\"200\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-relative-weakness1.png 378w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-relative-weakness1-300x158.png 300w\" sizes=\"auto, (max-width: 378px) 100vw, 378px\" \/><\/a>our desk very well the past few months as it had several nice breakouts. \u00a0What caught my attention last night when I reviewed the chart was the fact that it closed below an area it had been supporting for over one month. \u00a0It presented a simple technical short setup with very little risk.<\/p>\n<p>As I thought to myself \u00a0&#8220;this is a good technical setup to mention in the AM meeting&#8221; I started to doze off a bit at my computer screen. \u00a0I think it was around 8:00AM Shanghai time and I hadn&#8217;t slept at all the prior night because of complete circadian confusion. \u00a0So guess what, I forgot to mention COH in the AM meeting, and I forgot to set a price alert at the good technical short prices. \u00a0I&#8217;m pretty sure you know how this story is gonna end. \u00a0Look at the charts below.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-one-month-support.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9101\" title=\"coh one month support\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-one-month-support.png\" alt=\"\" width=\"520\" height=\"364\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-one-month-support.png 650w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-one-month-support-300x210.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-jan-4th-2nd-day-follow-through1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9099\" title=\"coh jan 4th 2nd day follow through\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-jan-4th-2nd-day-follow-through1.png\" alt=\"\" width=\"520\" height=\"364\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-jan-4th-2nd-day-follow-through1.png 650w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-jan-4th-2nd-day-follow-through1-300x210.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/p>\n<p>I&#8217;ve written it before and it is worth repeating. \u00a0Trading is a performance based job. \u00a0There is no excuse for not entering the idea in my GOOG spreadsheet last night. \u00a0No excuse for not executing the trade today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I returned from traveling in China a few days ago. \u00a0My body hasn&#8217;t made the time adjustment yet. \u00a0There is a 13 hour difference between NYC time and Shanghai time. \u00a0Night is day and day is night. \u00a0Yesterday I was reviewing the SMB Scans which are compiled after the close each day. \u00a0They consist of stocks in our tradeable universe &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/sleeping-in-shanghai\" 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":[1,1373],"tags":[1376],"class_list":["post-9090","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","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>Sleeping In Shanghai | 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\/sleeping-in-shanghai\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sleeping In Shanghai | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I returned from traveling in China a few days ago. \u00a0My body hasn&#8217;t made the time adjustment yet. \u00a0There is a 13 hour difference between NYC time and Shanghai time. \u00a0Night is day and day is night. \u00a0Yesterday I was reviewing the SMB Scans which are compiled after the close each day. \u00a0They consist of stocks in our tradeable universe ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/sleeping-in-shanghai\" \/>\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=\"2011-01-05T04:44:12+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/01\/coh-relative-weakness1.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\" \/>\n<script 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