Today is the exercise day for $BTC again. This PUT options round was pretty successful—I’ve collected a total premium of 542221u. But compared with the loss on the contract, the overall trade still turned out to be a failure. In this bull market run, not only did I not make any money, I even set a historical record of a single trade loss of 3.5 million u. 🤡
3.5 million u is just money, not everything in life. So lately I haven’t really been watching the market either—I’ve been busy with a self-driving trip. Today I depart from Chengdu and will take Route 318 to Lhasa; the whole trip is expected to take 15 days.
Next, I’ll put together a recovery plan: using options trading, split it into 35 trades, earning 100,000 u per trade—then I should be able to get it back. But this also shows: failure only needs to happen once, while coming back takes 35 successful times. 😂
$BTC is still going up—maybe the bull market is back. But I still don’t believe it can keep rising forever. I also advise everyone not to keep shorting with contracts. Contracts are a Pandora’s box: once you’ve tasted the sweetness, in the end the result is still an abyss of ruin. 🥀
About to set off now—gods, good afternoon~🌞