The market action a few days ago looked like it was deliberately trying to appear strong—turns out as soon as trading opened in the morning, the underlying color was immediately exposed. Before the chart had fully kicked off, every time $EWY was pushed higher there wasn’t matching volume; when the price surged to the upside, it was quickly pushed back down, and the lack of follow-through was very obvious.

I watched EWY’s changes from around 190.84 and judged this wasn’t a real breakout—rather, the move up was simply high-level loosening after nobody came in to buy, so I followed the short-side plan to open a long. Spotting the weakness early is what kept me from being led around by those few bullish breakout candles.

The current price is 170.95. Unrealized position realized, +256.47%—this move gave the answer. First close for +256.47% so the profit is safely banked; the remaining 53% continues to be observed, with the protective stop moved to around the cost basis. If it keeps falling, let it run. Even if it rebounds, it can’t take back the result.

Even if you only make one percent—if you can walk away with it, then it’s yours. No matter how much the floating profit is, without banking it, it’s only a process. Chasing trades is easy to get stuck at the top of the mountain. Wait for the next wave of signals before moving again—there will be opportunities afterward.

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