The first day of October already brings a big retracement, and it basically makes you spit out the profit of $TEM 😂. Then you hold on and wait a bit more, only to get another pullback to retest the central pivot of the launch platform—pretty exhausting too. But it’s already clear which direction we’re in: if you don’t hit the stop loss, just ignore it; if you do hit the stop loss, then close/flatten. Reassess other opportunities. Wait for the next pullback to the lower track band, stabilize there, and then act.

The market is just too chaotic right now. Range trading has been going on for two months. For now, we need to wait for the rebound to finish before short positions can be added. First, wait for the rebound pullback to confirm that the move is over, then expand the short position size. Try to make as few trades as possible.

Don’t do arbitrage for now—switch everything to a trend approach: trend long on $TEM , and trend short on $SKHYNIX .

Tonight, take a look at the Non-Farm Payrolls (NFP) and see what happens. If the data is good and reduces some rate-hike expectations, that would be pretty good too. Because even if they hike, it probably won’t be by much, and it’s already near another peak.

Also, watch when U.S. Treasury yields can recover a bit. As long as it doesn’t improve, I still can’t set the stop loss for tech longs too high.