Recorded a significant drawdown of profits, 600k

After posting on June 18 to commemorate my first '100' in life, I failed to withdraw funds in time. The same day saw a drawdown of 300k, followed by another 360k drawdown on July 1, totaling a 600k drawdown. Half of the profits were given back.

I cleared all positions on July 2. Then I took a break until the 14th, when I traded some Hong Kong stocks like Everlight Fiber Optics and Xiaomi, but didn't touch US stocks.

This is a review post. Why did the drawdown happen so much? Ultimately, it's due to insufficient discipline, especially getting emotional on the 2nd. I even re-deposited funds to trade. But at least compared to last year, I was much calmer. At least only half of the profits were lost, rather than losing the principal entirely.

The loss on July 1 came from shorting Tesla. This illustrates one point: expiry options are always for ultra-short-term market movements, not short-term ones. I felt that on the 1st, there was insufficient upward momentum; the previous day had seen rising prices with shrinking volume, suggesting a downturn was coming. So I started shorting, then just held onto the losing position without discipline, even adding to the position. That's why I lost 360k. On the 2nd, seeing Tesla drop 7.5% really broke my heart. If I hadn't bought expiry options, but rather weekly or monthly options, I would have made a fortune. However, by then I already knew I wasn't suited for US stocks anymore. Coincidentally, the World Cup reached the quarter-finals, so I decided to take a break and stop playing. It wasn't until today that I reopened Longbridge and wrote this review.

Only after losing money did I realize I had made the most fatal trading error: inconsistency between words and actions, loss of execution power, and lack of resolve. I became hesitant. Months of hard work in trading were completely ruined by two days of trades.

However, the stock market is like life. Surrendering after losses isn't my style. After resting and reviewing, wiping away tears, I'll continue. My current trading strategy has been revised, though the core logic remains unchanged.
1. Only trade regular stocks, no options at any time.
2. Only trade right-side (trend-following) strategies.
3. Execution

Extreme volatility is certainly uncomfortable, so I want to re-enter the market slowly. Tech stocks have adjusted significantly recently; even my A-shares lost over 40%. I believe US and HK stocks suit me better.

Next time if my intraday loss exceeds 15%, I will open this post and read it again. To remind myself why I lost so much money.