---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/38800385.md"
description: "1. The "thrill" of options is specifically designed to harvest overconfidence.- A few hundred bucks can potentially win tens or hundreds of thousands.- Doubling or multiplying your money in a day is all too common.- As long as you guess right once, you'll start thinking:I have talent / I understand this / I'm different from others. The brain automatically glorifies success and downplays failure:Remember a win for a lifetime, but dismiss ten losses as just "bad luck."   2. The vast majority have no idea what they're actually losing. 90% of retail investors only know: - Buy calls- Buy puts- Bet on direction They completely don't understand: - Time value is eating away at their money every day- A drop in volatility can halve an option's price instantly- Out-of-the-money options are highly likely to expire worthless Ignorance → Fearlessness → Extreme overconfidence.The less you know, the more you think you can win.   3. Survivorship bias + social media amplification All you see is: - People flaunting their doubled positions- People flaunting overnight riches- People flaunting "prophetic predictions" No one shows: - Losing everything- Getting margin called- Getting repeatedly harvested The world through your eyes:Everyone is making money, only I haven't made any yet.Confidence naturally soars.   4. Human nature at its core: Everyone thinks they are the "chosen one." Psychologically called overconfidence bias: - 80% of drivers think their skills are above average- 80% of stock investors think they can beat the market- 80% of options players think they can catch the big move People are born not believing they will be part of the "majority who lose."Everyone thinks they are in the 10% who make money.   5. The design of options is to make you "think it's simple." - Click to buy- Choose one of two directions- Max out the leverage The simpler something is, the more confident it makes people.People respect complexity, but underestimate simplicity.   6. The harshest truth: Options aren't about who's right more often, but about who survives longer. - You can be right 10 times, but one wrong heavy bet can wipe you out.- You can make small profits 10 times, but one extreme market move can erase it all. But people only think:I must be right this time.   In a nutshell Options, with their extremely low barrier to entry, potential for huge gains, and simple operation,amplify human greed, overconfidence, and wishful thinking to the extreme.Most people aren't trading; they're being fooled by their own brains."
datetime: "2026-02-20T10:46:52.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38800385.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38800385.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38800385.md)
author: "[浩浩荡荡](https://longbridge.com/zh-CN/profiles/19784218.md)"
---

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# 1. The "thrill" of options is specifically…