You used to trade much higher-ADR names. What made you change your stock selection?

Probably liquidity. I prefer trading liquid stocks. As my account grew, and also from experience, I think liquid stocks tend to produce better trades than illiquid ones. Most of the really super-high-ADR stocks are the lower caps and a little illiquid, and right now we are not getting many really high-ADR stocks anyway. I still trade AXTI: it is one of the highest-ADR stocks at the moment and it is pretty liquid. So the main factor is liquidity.

Source: EP108 | 23 Oct 2026