That Time We Shorted (EWY, KSI, Kospi) iShares MSCI South Korea ETF - Trade Recap!!
KOSPI stands for the Korea Composite Stock Price Index. It’s market cap weighted, which means that firms with the largest market value have the greatest influence on price movements. The most well-known KOSPI index is the KOSPI 200, which is the 200 largest publicly-traded companies on the Korean Exchange.
A Brief History of South Korea
South Korea is a country located in East Asia, with a population of over 51 million people. It is known for its rich culture and history, advanced technology, and beautiful landscapes, which have attracted travelers and tourists from around the world.
The history of South Korea can be traced back to the Three Kingdoms period, which began in the 1st century AD and lasted until the 7th century. During this time, the Korean peninsula was divided into three kingdoms: Silla, Baekje, and Goguryeo.
In the 9th century, the kingdom of Silla united the Korean peninsula, and the country entered a period of relative peace and stability. This period, known as the Unified Silla period, was marked by the growth of Buddhism and the development of a strong and centralized state.
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In the 13th and 14th centuries, the country was invaded and conquered by the Mongol Empire, and was ruled by the Mongols for nearly 100 years. This period of foreign rule had a profound impact on Korean society, and laid the foundations for many of the country’s modern institutions and cultural traditions.
In the 19th and 20th centuries, Korea was colonized by Japan, and underwent a period of rapid modernization and industrialization. After World War II, the country was divided into North and South Korea, and the two sides were involved in a bitter and bloody conflict that lasted for three years.
Since the end of the Korean War in 1953, South Korea has undergone a remarkable transformation. The country has become a democratic, industrial, and technological powerhouse, and is now one of the most advanced and prosperous nations in the world. Despite its many challenges, South Korea remains a vibrant and dynamic country, with a rich culture and a bright future.
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Read Morejust was going through i’m trying to
keep this as dense as possible
it’s a four minute video
[Music]
we’re not just looking at ksi which is
the us derivative there is also the
actual foreign
index the cosby the cosby yeah i know
it’s a little sus anyways
we recognize the overbought nature
there’s a bit of a price channel here
but you i think the chart will show it
uh
there were that there was even more
reason to think that this one was just
super overextended
filmed july 27 2021
this index
and uh ksi derivative
again
this is representative of south korea so
all the underlyings in this end index
are
associated with south korea as a whole
it’s not one company
it’s not
it’s not one of anything it’s very
representative of a large basket of
assets right
and when you see this
overbought nature in the index
it can be trouble for the underlyings
right
so at the time of making this video make
sure to go
check out my latest video
the cosby was at ah that’s not gonna
work very well
are you guys good with your currency
conversions
3231 kr um
i know what we’ll do for that though but
just look at the pattern and then we’ll
look at the
ksi boom right there right here you see
it it’s right under damn that’s not
idiot
why
yeah ewy
oh well
this is ewy this is a us derivative ew
it’s almost like they made these indexes
for me it’s crazy
this is where we made the video
july 2021 what happened it was at a
price point 90 moved all the way down to
55.
it’s like 40 percent in a major market
index look
look at the blue line guys
you’ve seen this pattern time and time
again you know it’s one thing when i
show you one company exhib is exhibiting
a singular pattern it’s like oh look at
these indicators but
i’m showing you
major market index after major market
index after major mark index japan korea
vanguard vea v eu
look at this
it’s the exact same this is not a
coincidence across all these symbols the
vea we were saying consists of assets
from all around the world
why the patterns extremely similar if
you are in tune and enough to see that
every single one of these was over
bought
simultaneously
this isn’t an accident this isn’t a
coincidence that’s terrifying right you
should be using that as a signal not to
be purchasing and times like
past six months a year
[Music]
i’ll pull up uh ewy just so you guys can
see not using the cosby index
boom could not have been more perfect
[Music]
july
july july
of july the act the breakthrough that
weekly 20
the same month we were there making the
video commenting
south korea
we looked at the cosby which is the
underlying for this u.s derivative and
then the cosby has underlyings
consisting of the companies
and goes back to what we were saying
earlier this wasn’t even tough to like
stick to this plan you could have slept
in in the morning you could have
purchased the short one year ago in july
and literally slept in every day for the
past year and your money would have been
working for you you wouldn’t have to
wake up you wouldn’t have to be like oh
my god i hope
weber’s up tomorrow i hope wolf
you know my weekly contract expires in
four days so i need to make sure i’m
staring at it and you know as soon as
i’m in the money i gotta take it no dude
no
that’s a lot of headache that’s a lot of
stress
[ __ ] all that stop
[Music]
the
as we were saying with the ewj right
we played this on the way up i had
shares of this on the way up
from
from here to here we literally had
shares in this
that helps with leverage right so
let’s explain leverage for a second
and pressures buy and sell pressures
we’re at the bottom we’re buying shares
we’re loading up super cheap we’re
getting more shares than anyone for the
best value than anyone uh allowing us to
get as like you know as many shares as
as we want we ride it all the way up to
the top because we were able to get in
at the super low price point we have
more
inventory than everyone we hit the top
right we’re at the top to look at the
price channel red red yellow yellow
yellow green buy red cell
we’re at the top
what do we do
first off we start right here we start
unloading the shares
this provides
you cannot unload shares that you do not
hold
okay you have to own the share for you
to be able to put it on the market to
sell right
so we’re right here boom selling shares
provides downward pressure starts
pushing down boom boom boom
everyone who is following the trade that
they’re like wait a minute um he he’s
been in six months he he’s up fat on
this position he’s getting out for some
reason i don’t want to be there
right here flagging flagging second head
boom what are we doing we are now
scaling into shorts right
we are now selling shares that we don’t
own we are borrowing providing more
downward pressure why because you know
we intend to capitalize on those in the
future as it moves down right so you’re
then moving in into your shorts one two
double top right you sold your shares
now we’re starting to scale into the
shorts providing more downward pressure
this is two
like
two pushes down from one trader right or
one group of traders
and then boom we break we break through
that weekly 20 and it’s been smooth
sailing you cannot ask for more of a
direct route like even here and we’ll
use 2018 for an example
massive push down actually quite nice
but then consolidate consolidate
consolidate consolidate touch that 20
ema resistance look look
the same resistances were used
and then boom massive push down like
right here we use right here is
as an example this is where somebody
might be like
oh for the past uh
three months this symbol has been kind
of dead cat bouncing a little bit i’m
getting a little nervous
you know i’m struggling to have my
commitment issues i don’t have much uh
determination or dedication
insert one of those d words here um
you know you might get a little cold
feet cold um
you know it might be hard but
that didn’t happen over the past six
months that didn’t happen like it could
not have been more of a direct route it
could not have been more smooth sailing
you could have slept in
you guys could have slept in
boom
it just couldn’t have been more perfect
look at the support look at the support
let’s go back
got our 180 right in there 180 boom
i mean it couldn’t be more perfect
really couldn’t
and
again if it was just one company
displaying these patterns sure okay dude
but when you see all these things right
next to each other back to back hit
after hit after hit after hit you can
call that anything but luck anything but
luck anything but look that is literally
talent that is literally wisdom being
portrayed in real time
um like these things do not happen by
accident these markets are not random
it’s gotta learn
you
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That Time We Shorted (EWY, KSI, Kospi) iShares MSCI South Korea ETF - Trade Recap!!
KOSPI stands for the Korea Composite Stock Price Index. It’s market cap weighted, which means that firms with the largest market value have the greatest influence on price movements. The most well-known KOSPI index is the KOSPI 200, which is the 200 largest publicly-traded companies on the Korean Exchange.
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