This morning at 8:00, the moment the Korean market opened, it pulled down the Nasdaq futures, so A-shares were also affected. I balanced the positions, cleared profit-taking stocks like Murata and TES, and also closed out Samsung’s holdings, preparing to add to Hynix. I’m still watching the previous plan of whether a drop to around 1.8 million or even 1.5 million Korean won is enough to effectively wipe out overcrowding and de-leverage—but I don’t know whether it will reach that level. The bottom was bought out.

If the situation in the Strait of Hormuz worsens, I’m worried that after Trump and others finish the World Cup, they might do something big. If you’ve been following me for a long time, old friends, remember how we operated in March and April. Just follow that approach. When there’s a big “crisis,” there’s an “opportunity,” but you have to control your position sizing and be ready to respond. The overall thinking is: hold US assets while looking at Japan and Korea; when risks bottom out, switch to buying Japan and Korea. These ideas are suitable for “relative return” investors; they don’t apply to “absolute return” investors. But will Trump do an all-out big move? Hard to say, because even Iran’s foreign minister is still able to stay alive and talk, which suggests they still want to continue negotiating.
The market has already moved past the stage of chasing some “wealth code.” A typical example is the small caps that the white-haired stock genius keeps pushing—things are starting to get harder. So we’ve entered the stage of playing trading: selling high and buying low. If you don’t sell, you won’t have bullets and the good mindset to buy at the bottom. Reject any noise—focus on trading itself. Noise only makes you feel too afraid to sell when prices rise, and too afraid to buy when they fall