[US Stocks, February 6] Huge losses this week! The biggest weekly loss in two years. Tuesday's losses were two-thirds due to earnings reports. This loss was purely because I didn't follow discipline in my PYPL trades, and the consequences included not only the loss of that trade itself, but also the loss of potential profits due to position adjustments. A profound lesson! Today's rebound also resulted in significant losses, but these were anticipated "floating losses" from left-side entry, so it can't be considered a mistake yet. Holding positions: short on the left chart, long on the right chart.

This week, US stocks have been a veritable "meat grinder"! After such violent fluctuations, the market ultimately only fell by 7 points, or 0.1%, a mere one-thousandth! I currently short 40% short, 20% long, and 40% cash. My bearish view on the swing trading pattern, which started from January 29th, remains unchanged.

US stocks surged today, with the Dow Jones even hitting a new high. However, my bearish view, which began on January 29th, remains unchanged. Today's market movement was likely primarily driven by short covering in high-beta stocks. For example, the top gainers on the S&P 500 list (see screenshot) are mostly stocks that were heavily short in the past two days. When I'm trading in a downtrend, I will inevitably encounter short covering. Whether to take profits or continue holding and endure the short covering at this point depends on different trading strategies.