FUQI is a perfect example of how we must make trades our own. How we must develop our own playbook.
I am short FUQI from 12.60. The intraday fundamentals are so compelling TO ME that I am playing FUQI to finish near the low. My win rate is probably 10 percent for such a set up. It is very likely that at the end of the day you could say,” Oh Bella you are a dope for holding that FUQI short. Dude you could have covered 40c in the money.” My downside is 5c and my upside is about $1.60. So my risk/reward is 1×30. I don’t have to be correct too often with this set up 🙂
I see an equally compelling trade for those who focus on intraday technicals. The intraday downtrend was broken technically at 12. A long from FUQI at 12.20, as a Trade2Hold through 13, with a stop below 12 makes perfect sense.
This is a question of how you see this trade, the screen, and interpret the market. Make this trade your own, from your playbook.
7 Comments on “LONG OR SHORT (FUQI)?”
Hmm, nice trade – no one will be calling you a dope on this one. I see that FUQI hit 10.60 twice today: once just before the open and again at 10:02 AM EDT. Could you tell us which one you shorted? The right edge of the chart looked quite different at each of those times.
Hmm, nice trade – no one will be calling you a dope on this one. I see that FUQI hit 10.60 twice today: once just before the open and again at 10:02 AM EDT. Could you tell us which one you shorted? The right edge of the chart looked quite different at each of those times.
Hmm, nice trade – no one will be calling you a dope on this one. I see that FUQI hit 10.60 twice today: once just before the open and again at 10:02 AM EDT. Could you tell us which one you shorted? The right edge of the chart looked quite different at each of those times.
Michele,
Right after 10AM.
Thxs for reading and more importantly contributing to our blog.
Bella
Fuqi’s earnings growth, operating margin, return on equity are just fantastic. They have great numbers so I am trying to understand your play for shorting fuqi. Fuqi has proven in the past it can grow, and should do so in the future.
Rusty
Fuqi’s earnings growth, operating margin, return on equity are just fantastic. They have great numbers so I am trying to understand your play for shorting fuqi. Fuqi has proven in the past it can grow, and should do so in the future.
Rusty
Fuqi’s earnings growth, operating margin, return on equity are just fantastic. They have great numbers so I am trying to understand your play for shorting fuqi. Fuqi has proven in the past it can grow, and should do so in the future.
Rusty