After two days of roller coasters, when I woke up this morning, I didn't pay attention to SK's trend and just saw that ADR was down, so I ignored it. My short position at $161.2 has not been closed, and in the morning it was probably at a profit of over 20%. I didn’t pay attention, and in the afternoon I was busy and completely forgot to set a stop-loss price. Just now I looked, and there is only a 2% profit left.

Short-term trading really requires constant monitoring; even a small lapse in attention can lead to a drawdown. However, I'm okay with it. I think the pressure at $161 is not too great, and I also have a pending order at $168, plus I've earned a bit from the funding rate. But holding this long really goes against my trading strategy; mainly, I've just been lazy.

In the next couple of days, I will find an opportunity to close it first. The main strategy still remains to short the ADR premium.

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for predictive markets

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