10U War God opened a new position today. Had a bit of trouble sleeping last night, and when I woke up this morning, it was already past 11. Saw that SK Hynix had dropped over 14%, and that woke me up instantly. At that moment, the ADR was around $138.1, down 3.4% compared to yesterday's closing price of $143. Today is definitely a day for shorting, but I’m a bit torn on how to approach it. The Korean stock market had already triggered a circuit breaker by then, so I had to assess the likelihood of SK continuing to drop beyond the 14% mark. Generally, the maximum daily drop for Korean stocks is 30%, which would require two circuit breakers to be triggered. So, the key question was whether SK would keep falling or rebound slightly. If it’s the former, shorting immediately is the best move. But if it’s the latter, since I’m shorting the ADR, I’d still have time to act after the Korean market closes. That’s the general strategy I’m considering. I also think yesterday’s drop might be related to ChangXin and China’s lithography machines. After all, when Hynix listed on the U.S. market, Micron took a big hit, and this possibility still exists now. So, I started by shorting 50% of my initial position at $138.1, and then placed a sell order for the remaining 50% at $139. If there’s a rebound, I’ll consider adding more to the position accordingly. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one platform for trading.