$Tesla(TSLA.US) is still falling so much today, many people have asked me why I dare to switch from long to short positions every time there's a big drop.

My trading system remembers one sentence

In a downtrend, if you go short, you only buy at the lowest point once

In an uptrend, if you go long, you only buy at the highest point once

My position for the final round won't exceed 5%, this is the most crucial. So even if I lose 50%, I will stop loss and exit. When it reaches my set price, I will sell without hesitation, and the same for taking profits.

Currently, I have completely cleared my positions in NVIDIA, Tesla, and Apple. I have no positions at all now. I don't dare to go short, but I think the current position for going long is very awkward. I even expect it to break below the previous low of 380, even the bottom at 337. Currently, the tech sector is adjusting a lot, and I don't see much buying support. Everyone is selling. Staying in cash is the best choice.