The SINA (Sina Corp) short trade hit the final target, T3 at 65.05, back on Jan 31st for a gain of roughly 16.5%. SINA is one of several trade ideas that has already hit a final target or stopped out. For all intents & purposes, I consider this a failed trade as the trendline backtest on SINA following the breakdown likely exceeded the majority of traders’ stops (including mine) although some traders may have held, added or initiated a short position on the backtest. Previous & updated daily charts on the SINA trade are below.

I’m working on updating the trade ideas this week and as always, all trade ideas, winners or losers, are always posted upon moving to the Completed Trades category to be archived for future reference. Archiving the completed trades serves dual purposes: 1) It is an educational resource to view past trading patterns on specific stocks/etfs as well as specific technical patterns and 2) It allows new visitors to the site to get a feel for both the trading style as well as the performance of the trade ideas posted on RSOTC.com.  Previous & updated daily charts on the SINA trade are below.