Here are his holdings, and I also want to thank my buddy for the trust. He didn't treat me as an outsider at all, even showed me his underwear (figuratively speaking, meaning he was completely transparent). I must also give my all and treat him with sincerity. This is simply a hellish-level problem. The portfolio structure has serious issues, with no room for error or adjustment. When we analyze the holdings, the key points are: ❶ All are near-expiry options, which is a low-probability game; ❷ It deviates from expectations. He hasn't grasped the expectation-driven nature of the stock market: for example, gold rises because of impending war, but once the war breaks out and the expectation is realized, it falls; ❸ Blindly bullish, ignoring the probabilities of ups and downs. Below is my reply and strategy. Most of your holdings are short-term options, lacking a time window...