The market experienced a sharp fluctuation in the past 24 hours! Over 112,000 investors have lost their positions.

Total loss? Exactly $416 million. But the most interesting part is this: the majority of this amount—approximately $309 million—came from short positions. So, those expecting a decline took a heavy hit.

What does this mean? When the market makes a strong upward move, the short side gets crushed. Trading without risk management can be costly.