iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

Trade: Chinese Style Pair Trade –> Long (NTES) Short (SOHU)

New longs:  NTES  33.05

New shorts:  SOHU 50.14

Put these trades at the end of the day, while talking on the phone with clients, printing checks, signing letters, playing guitar, feeding my cat, hard-stepping to David Guetta, polishing car, paying GE Tax, getting a massage, watching Lakers vs Celtics 4th quarter, faxing the IRS, and cooking oatmeal.  All at the same time.

SOHU disappointed me with those numbers, but was able to survive an ugly day.  Bah.  Maybe I’m making a mistake here, but it’s worth a try to short the close.  The long on NTES long is for protection and trades at 1/3 position of NTES. 

Aloha!

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2 comments

  1. ChrisBrown

    lol @ the hard stepping.

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  2. Satuki

    If my understand is correct, you have more in SOHU than NTES. That means this pair works well so far

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