Compared to stocks, options have higher volatility, which means you can gain price differences faster, but also lose them faster. Because of T+0, you can buy and sell at any time.

If you treat your account balance as your life, a margin call is like death.

Personally, I believe trading is first about reducing the probability of death. You can't start by doing something that will kill you quickly, or something that is highly likely to kill you. For options, that means going all-in on heavily leveraged, out-of-the-money, expiring options. 'Expiring' means exactly what it says—if you hold until expiration and it's out-of-the-money, it's your 'doomsday' because it goes to zero. So, out-of-the-money expiring options are not something you can invest in for a long time because the time advantage is not on my side. The shorter the time, the smaller the possibility, and the easier it is to go to zero.

Even if you want to play with expiring options, your holding time cannot be too long. As time passes, the price will be eroded. This is the characteristic of expiring options.

So, the way to make money is with small positions, short timeframes, and having stop-loss and take-profit points—get in, take a quick profit, and get out.

Lose, only lose the stop-loss portion.

Gain, based on the take-profit point.

Then it's about your risk-reward ratio and probability.

Trading is about staying alive being more important than making money, because you can be right many times, but one time can kill you. 💀. Cherish your principal, cherish your time, cherish your life.

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