"Most software engineers are facing an identity crisis bordering on depression." The fear of missing out (FOMO) investors often fear is not just the loss, but the relative loss feeling of underperformance compared to others in profitable situations. It's not 'feeling bad about losing money,' but 'even though you made money, your brain compares you to a better alternative after the fact, thus turning the profit experience into a loss.' The core is not the account actually being hurt, but the reference frame losing control: you are no longer comparing with your own plan, risk tolerance, entry information...

People need belief to achieve certain things. In the third year of junior high school, I felt hopeless, in a different place, where if you couldn't get into a good school due to policy, you wouldn't have a chance to study. A history teacher said, "You can get into a key high school." It was a very ordinary sentence, but I believed it and worked hard. Then, not a point more or less, I got in. Edgecombe was born in the Bimini Islands of the Bahamas, a small island with a permanent population of just over two thousand. There was no stable electricity at home; for seven years, they relied on a generator to get through each night. To save fuel, the lights went out as soon as it got dark. His mother, Bendera, worked three jobs a day to support five children—stocking shelves at a supermarket in the morning...

这一个多月没睡好一天，每天都处在高度紧绷的状态，接下来会慢下来，身体要紧。投资中最折磨人的往往不是真实的本金亏损，而是 “本可以” 和 “差一点” 产生了一种强烈的被剥夺感。我对自己有点过于苛责了。 1. 损失厌恶（Loss Aversion）引发的 “伪亏损感” 在人类的心理机制中，失去 100 块钱的痛苦，远大于捡到 100 块钱的快乐。在交易中...

LEAPS call experience sharing: 1, LEAPS mindset: First ask yourself how much loss you can accept, thousands, tens of thousands. Once you make a move, it's best not to look back. A counterexample is the LEAP on Alibaba in early 2025, the LEAP timing was spot on, but halfway through the LEAP, I doubted my judgment. The stop-loss was only a few thousand in premiums, but what I missed were tenfold or hundredfold in-the-money options. 2, LEAPS timing: Is it a moment of market panic? Has the stock price fallen enough? Does the LEAP target have a relatively high moat? For example, Amazon...

0.引言本年度第二次 10 倍 call 卖飞（之前是 goog，这次是 slv）。虽然之前写过一篇卖飞情绪如何缓解，但这次仍然痛苦，痛苦面具，差点摔手机，还是无法平静面对这种情况，我似乎在重复犯一样的错，期权和股票的波动性完全不在同一个量级。这次针对 call 如何不卖飞，深度分析一下，如果再来一次，我能做的更好。 摘要在衍生品交易中...

Introduction Recently experienced floating profit drawdown, hence this article, for reference only. Chapter 1: The Game Between Trading Psychology and Market Mechanisms In the vast ocean of financial trading, floating profit drawdown—commonly known as "profit retracement" or "rollercoaster" market conditions—constitutes one of the most psychologically devastating challenges in a trader's career. "When floating profits are quite good, but the market suddenly takes a sharp turn, cutting profits in half, this process is extremely painful and depressing" is not just an isolated individual experience but a highly typical psychological phenomenon in behavioral finance...

Missing the boat—the Sisyphean dilemma of traders. In the vast landscape of financial trading, no emotional experience is more universal, persistent, and destructive than the "Fear of Missing Out" (FOMO). Especially for traders with some analytical skills, the most intense psychological pain often doesn’t come from actual monetary losses but from "being right but acting wrong"—particularly when they logically predict market trends but fail to enter due to poor position management, hesitation, perfectionism, or capital constraints...

Today's reading notes: Investors sell assets with huge gains (Winner) and buy assets at low levels (Loser) in order to diversify risks or follow the mean reversion logic of "buy low and sell high". The result is often "the strong get stronger and the weak get weaker". The original holdings accelerate their rise after being sold, while the newly bought positions stagnate or even fall further. This double whammy is called "Whipsaw" and is a core factor that destroys trading confidence...

$iShares Silver Tr(SLV.US) Wait patiently for the market cap.$Meta Platforms(META.US) $Amazon(AMZN.US) $Amazon(AMZN.US) Li Lu's reading notes: "Accompany excellent companies to grow." His investment style is known for "extreme focus, heavy position, long-term holding" and rarely frequent trading. "Find value where no one cares," "Find assets whose value will grow over time." Li Lu is famous for...