10U God of War here to chat about how I trade SK Hynix and Hynix ADR — First time adding positions This should be the last post before takeoff. By the time I get home, it’ll already be past midnight. When I woke up this morning, I first noticed that the Korean stock market opened on a weak note, and the semiconductor sector had already started to decline. This was within expectations since the ADR dropped more than 13% by the close yesterday. Whether it’s due to a narrowing premium or sell-offs triggered by the Korean market, it was highly likely to drag SK down. But I didn’t short SK right away in the morning. Instead, I decided to observe a bit more. With the continuous decline, I wanted to see if the Korean stock market would take any new actions. By the time the Hong Kong market opened, the semiconductor sector was also falling. Based on this, I predicted that the ADR would most likely continue to drop when it opens tonight. So, I directly shorted SKHYUSDT at $155. As of now, SKHYUSDT is at $147.2. Unless the ADR unexpectedly rallies tonight, this downtrend will probably continue into Monday. After all, historically, ADR stocks are still influenced by their underlying stocks. If the ADR shows a significant and sharp rebound tonight, I’ll likely close my position. The current profit is already looking pretty good. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets — one-stop trading.