10U War God opened the warehouse again today. I had a slight insomnia last night, and when I woke up in the morning, it was already past 11 o'clock. I saw that SK Hynix had actually fallen more than 14%, and I immediately woke up. At this time, the ADR was around $138.1, which had dropped 3.4% compared to yesterday's closing price of $143. Today, shorting is necessary, but I'm a bit conflicted about how to do it.

Because at that time, the Korean stock market had already circuit broken, so it was necessary to assess the probability of SK continuing to fall from the base of 14%. Generally, individual Korean stocks can fall by a maximum of 30% in a day, and two circuit breakers need to be triggered. Therefore, based on this, it is necessary to judge whether SK will continue to fall or rebound slightly.

If it's the former, shorting immediately is the best option, but if it's the latter, after all, I'm shorting the ADR, and I can afford to wait until the Korean stock market closes. That's generally the thinking, but I think yesterday's drop might be related to Changxin and China's lithography machines, as when Hynix went public on the U.S. stocks, Micron dropped significantly, and this possibility still exists now.

So I first shorted 50% of my initial position at $138.1, and then placed an order to short another 50% at $139. If it rebounds, I will continue to increase my position as needed.

@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for prediction markets

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