In order to make room for a slew of new trade ideas that I’ve found over the weekend, I’m working on the long overdue task of updating the Active Short Trade ideas. As a tool for referencing past trades as well as tracking performance, all trade ideas are updated when they are moved from the Active Trades category to the Completed Trades category (either stopped out or upon reaching the final price target). In doing so, I noticed that the QIHU short has not been updated since the first profit target was hit back in 2013.

After hitting T1 for a quick 4.5% gain shortly after entry, QIHU slowly worked its way down to my second & preferred target of 74.10 for a 13.7% gain from entry. From there, as expected, the stock bounced but continued to climb, exceeding any reasonable stop and should have been moved to the completed trades category. For future reference, the previous & updated 60 minute & 4 hour charts on this trade are shown below.