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First-Sip TasterBro Z's Trading Notes · Day 8 of May (Thursday)
Account Status
· Starting point yesterday: ~¥662
· Ending point today: ~¥569
· Single-day drawdown: ~¥93 (~-14%)
Today's Main Trades
1. 710 Call (two trades): Bought at 0.40, sold at 0.45, small profit; then bought at 0.40 again, sold at 0.30, small loss. The two trades basically broke even.
2. 697 Put: Bought 1 contract at 0.40, sold at 0.20, loss of ~$20 (~¥140). This was the biggest loss today due to a wrong directional call.
3. 6 trades in total for the day, all with extremely light positions (could only buy 1 contract priced at 0.3-0.4), total loss around a dozen dollars.
Correct Actions
· Forced into extremely light positions, no chance to chase highs with heavy positions or revenge-add.
· Closed the 697 Put position at 0.20, didn't hold until zero.
· Account is extremely low, but didn't have an emotional breakdown, didn't add more funds.
Mistakes
· Wrong directional call on the 697 Put, failed short chase.
· Made 6 frequent trades during the session, still had unnecessary trades.
Today's Lessons
1. Having little money is actually protection. With only ¥569, I could only buy 1 contract priced below 0.4, forced to be light, no chance to repeat the previous halving mistake.
2. More stable mindset under extremely light positions. A loss of a dozen dollars is completely manageable compared to your previous losses of hundreds of dollars.
3. Not adding money is the bottom line. The account dropped from 1300 to 569. Adding funds now would only amplify the losses.
Current Total Assets
Account ¥569 + Withdrawn HKD 6000 (~¥5280) ≈ ¥5849. Still higher than the lowest point of ¥2400. The bulk of the profit is preserved.
Improvements for Tomorrow
1. Continue not adding money. Use the ¥569 to practice extreme light position discipline.
2. Continue reducing trading frequency.
3. Focus on work, A-shares, and sleep.
This was your calmest night in a desperate situation. No major loss, no loss of control, no staying up until 3 a.m.
$Invesco QQQ Trust(QQQ.US)
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