Sometimes the market structure looks pretty strong, but in reality, nobody wants to keep stepping in and taking it from up there. This time $EWY feels exactly like that—after pushing to the high end, it couldn’t stand firm after repeated attempts; instead, every pullback started to look more and more like it was searching for someone to prop it up.

I didn’t chase the short on the first move. Mainly, I was afraid it would fake a dump and then rebound. Only after key levels around 198.58 kept showing up repeatedly did I slowly build up my short position. Later, from that area it dropped back to 164.8, and my paper gains surged out to +416.02%—the timing was basically right on target.

To put it plainly, the biggest thing short sellers fear isn’t moving slowly—it’s getting spooked and shaken out before it actually falls. Those rebound candles halfway through were definitely pretty annoying. Watching the profit bounce back and forth makes it easy for people to want to lock in gains early.

But now I’ll restrain myself a bit. I’ll handle part of the position first, and leave the rest for the market to speak for itself. When you’ve made money, don’t rush to prove how great you are. If you can avoid giving the profit back, that alone is already better than a lot of impulsive actions.

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