Recently, I was caught off guard by economic data. The fluctuations in CPI directly wiped out the profits accumulated over this period, and the retracement was quite significant—probably the worst in recent times. Honestly, after this experience, I better understand the power of position management—I’ve always insisted on using small positions to compound, which provides room for error.

Looking at the recent trends over the past couple of days, it seems the rally may have peaked. The closer to the peak, the more cautious one should be; the market is most likely to change direction at this point. My recent strategy has also adjusted accordingly, mainly by shorting on rallies and waiting for opportunities. Being cautious is never wrong.