Not ashamed before others, nor in one's own heart.

Today, Hengtong Optic-Electric finally hit the limit-up.

There are divergences, let's see what happens next. I've already sold.

1: If you're a newbie to options, absolutely, absolutely do not go all in.

Maybe options make money fast, you only see the profits, but calm down,

you'll see the risks. Staying at the table... I really don't want to say, I've taken so many losses, suffered so much. Daily limit on trades. Don't let commissions eat up your profits, okay? You'll get carried away when trading, especially when losing. For example, your cost is 0.8, it falls to 0.4, you might buy in with full or half your position. That's when your emotions fluctuate the most. Because you want to catch a bounce and exit. Your cost might become 0.52, but when it rises to 0.58, you can't bear to sell. You want to wait a bit. Most of the time, waiting leads to an accelerated decline. Actually, paper wealth isn't real wealth. Only the money in your pocket is truly yours.

(Yesterday my P contracts got halved directly, I decisively cut my losses, look at the second chart. I was really affected yesterday. You must get good sleep before the market opens. I was unhappy all day yesterday, couldn't sleep, played games and still wasn't out of that state. The long side was too strong. At market open, I did buy C contracts. I kept telling the 'immortal' to just play with 5 contracts. Last night I accidentally clicked 15 P contracts. Hahaha)

That means you need to control your position size. Options aren't gambling; they require you to watch the market calmly, see if momentum is accelerating, if power is building up. Or see if the selling pressure is strong or not, all of this can be reflected on the charts.

If you can't do it well, no matter how much money you bring, it's just water.

Veterans are actually the most prone to losses; everything becomes numb.

Because you're numb to making or losing money. Sometimes I play music.

Just to keep myself in an excited state. To make myself try to stay sensitive to numbers.

If you have 100k yuan, your maximum opening position should be $700. Money is earned slowly.

Maybe with a large position you can make a lot of money in one go,

but think about it carefully: if you place an order worth 10k yuan,

a 20% drawdown requires how much of a rise for you to be willing to sell?

Being able to buy isn't impressive; being able to resist selling for higher profits is.

Being able to control your greed, that's when you've taken the first step.

You'll feel relieved when you sell.

Sometimes I'm decisive, it's really just feeling like I've made enough for the day.

It doesn't matter how much I make, but I withdraw it every month.

Only leaving the principal. This was a painful lesson.

Once with a meme stock, I got carried away and averaged down,

my entire position got halved directly.

That moment, I was one step away from the rooftop.

Wishing you well 🥱