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The drop in $EWY – to be honest, I hesitated at times. Holding a short position through it all isn't just about being tough; more often it's about restraining myself from changing my judgment. Those back-and-forth whipsaws near the highs were indeed enough to shake anyone's mindset.
Earlier, I had actually noticed EWY's position. Especially when it approached 198.58, after the surge it didn't sustain, instead started to decline frequently. Many people only look at whether it will pump again; I care more about whether there are buyers after the pump.
The turning point was here: bounces got shorter and shorter, key levels were tested repeatedly. It then pressed all the way from 198.58 down to 179.99, and the short finally paid off, with a return of +229.43%. This isn't divine prediction – it's just waiting for the reaction that was supposed to come.
Now I won't rush to add more moves. I'll lock in the profits first. The most counterintuitive part of the market is that when you're making money, you want to amplify your actions the most. My approach remains not to chase, and to wait for the next signal.
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