I originally thought it would drop, just didn't expect it to happen so quickly. I haven't even had the chance to open a short position yet.
But at least the market direction is clear now, which is down. This time is completely different from 519; 519 was during the pandemic. This time there isn't as much money or as many people speculating. The bulls have basically all disappeared. Even if there is a rally, who will take it?
As long as the direction is clear, the next question is how to open a short position. I will firmly hold the short position, or either blow up like the long position until then. Or I will hold it until the lowest point of this bear market. Then switch to a long position.
The money lost in the bull market will be made back in the bear market.
But at least the market direction is clear now, which is down. This time is completely different from 519; 519 was during the pandemic. This time there isn't as much money or as many people speculating. The bulls have basically all disappeared. Even if there is a rally, who will take it?
As long as the direction is clear, the next question is how to open a short position. I will firmly hold the short position, or either blow up like the long position until then. Or I will hold it until the lowest point of this bear market. Then switch to a long position.
The money lost in the bull market will be made back in the bear market.