A Gambler's 'Autobiography'

The craze for Hong Kong card US stocks in 2025, from opening accounts, depositing funds, and participating in IPOs to buying stocks and options.

In 2025, I got into US stocks and found it easy to make money, so I started depositing funds like crazy. But the market doesn't spare anyone who underestimates it. The simpler you think it is, the worse you perform. You must learn to respect the market. $NVIDIA(NVDA.US) I've seen NVIDIA at $85 and also bought $Tesla(TSLA.US) Tesla at over $100, and many, many other stocks that seem undervalued in hindsight. I've also experienced the $NASDAQ Composite Index(.IXIC.US) rising 10% in a day. Buying shares was indeed good, at least you couldn't go wrong. I remember one day during trading, I saw options trades. That was my first contact; I bought 2 $AMD(AMD.US) call options, and they doubled in just ten minutes. That was the beginning of the nightmare. I started trading options frequently and also tasted some success in options trading. Later, based on some news that $Robinhood(HOOD.US) was being considered for inclusion in the S&P 500 and betting on that sentiment, I probably used all the funds in my account, about 4-5k dollars, to buy next week's expiring options. But things didn't go as planned. My account funds dropped 90% at Monday's open. I immediately deposited more money, and from then on, I stopped believing any news. I started making my own judgments, though of course I had little data to support them. I started slowly buying shares or 2x leveraged ETFs. But everything, just like the title says, a gambler can't be satisfied with that. I started trading options again, no longer believing any news, just gambling, simply chasing rallies and selling dips, chasing options. That's how it started, and I thought I had mastered the trick to making money. I went all-in until I went crazy, losing 130k in just a month. My life was probably over. I chose to confess everything to my family, and then I started a new life.

In October, a friend asked if I could help him buy some US stocks. Although I wasn't buying anymore, my account was still there, no big deal. The gears of fate turned. I bought 5000 RMB worth of Occidental Petroleum. I didn't even look at it. By February, my friend said he wanted to sell it. Transferring money back from the Hong Kong card was too troublesome, so I just gave it to him. After buying Occidental Petroleum, I bought $Oracle(ORCL.US). Luckily, Oracle's earnings report and its rebound from rock bottom gave me a 10% gain. Slowly, I had made 3000 RMB. That feeling was great, I started making money again. In March, I saw that US stock options could be traded pre-market. It felt like I found my groove again. I started using 10% of a $100 account to trade expiring options. Slowly, it went from $1k to $5k. On April 7th, I bought pre-market options on the $Invesco QQQ Trust(QQQ.US). As the price kept falling, I kept selling shares and adding to the options. The result was obvious, beyond saving. It went from $5k to less than $500. Since the options expired that day, I could only close the position. Before sleeping, I bought three expiring options for the next day at $1 each. Thank heavens and hoping for world peace, the price rose at the end of the session, and a ceasefire was announced after hours. My options went from $1 to $10. The account was back to $300. Then I traded short-term every day, taking profits and running. I was also lucky, doubling my money every day. Writing and reading this far also confirms that saying, "When luck comes, iron is like gold; when luck goes, gold turns to iron." Luck played a big part, and in that short month, I earned back all my previous losses. Was it my skill? Most likely not. My operations, my trading system, were still the same as before. The only difference was that I started respecting the market. Finally, I want to share a sentence with myself and with you all: The unity of knowledge and action is the fundamental key to victory.