I've never seen such a large amount of sell volume.
Reflecting on recent trades and self-reflection.
Early August.
$Tokyo Electron (8035.JP)$ Fortunately, I was able to buy back the short sell that I had been building up since July at the stop price on Black Monday.
I predicted a reversal in the Nikkei at around 35,000 and short sell on Mitsubishi Heavy Industries, which had already become a manipulation stock, between 1575-1611 yen. I got carried away and used full leverage.
Mid-August to the end of August.
Before I knew it, Heavy Industries had dropped to the 1800 yen range. It was too late to cut my losses, so I decided to overcome the mountain (even if I re-established my position, the position size would be smaller due to trading with full leverage, resulting in larger losses).
After that, it will rise to 1,999 yen.
September
Finally, it seems to be turning positive. I plan to take profits at 800-1,300.
Everyone is calling it Black Monday, so I thought the market would drop significantly today, but it's not the case.
However, as shown in the image, there is a massive sell-off that I have never seen before. Could it be institutions closing their positions or short selling? (I'm not sure if moomoo's analysis of the massive sell-off is accurate)
Institutions determine the price (in the end, the ones with large funds determine the price), so will it continue to drop in the future?
In any case, I plan to patiently wait until the profit-taking line. I endured until 1,999 yen, so I can endure any further.
Reflection
Full leverage is really bad, there is a 50% chance of misreading the trend, so the initial position should be less than 1/3 of the available credit, considering the possibility of averaging down at that time.
Positioning either in or out timing will always be difficult (because you must endure until it becomes a timing where you can always win), this time the in timing was too early (not enduring enough) and I had to endure the out timing tremendously.
Especially, the fact that there were few periods this year when the price reached 34,000-35,000 indicates the strength of a breakout and the volatility could have been expected. At least we should have waited until that point.
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