The price of BTC was very stable yesterday, and IV continued to hover around 50 without any fluctuation. The biggest problem now is that compared with AI, web3 has had too little innovation in the past six months. Only a local dog-style brc20 attracted a wave of small hot money and big Vs to cut leeks, otherwise the total innovation may not be as much as AI's one-week stuff. After all, graphics cards represent the highest productivity of this era. If you don't mine, someone else will. . .

Sometimes, it is better to increase the price when there are more friends. V God wants to take back everything, and the energy is reduced. The price is gone.

I don’t think ETH will be the main source of innovation in the next two years. It can rise, but it won’t rise sharply.

In addition, there is really nothing to hype about the halving of LTC. It is too old and the chips are too messy. Isn’t ETC also a mess?

In the short term, if 3W is well protected, the profit from selling calls nearby should be good.

Let's talk about yesterday's market first. In short, the market did not continue any trend after rebounding from the bottom, and chose to rest here. Most markets opened high and closed low. There is no motivation to continue to rise. In addition, there was no economic news in the past week. It is likely that many traders took the opportunity to rest and celebrated Children's Day in advance. After all, when the market is not good, everyone will cry like a child.

The US stock market will continue to be bearish, but you can start to build positions in a large number of undervalued stable business stocks. I am more concerned about overseas ETF funds in exchanges, insurance companies and emerging markets, such as Vietnam. If you are interested, you can take a look at the annual K-line of McDonald's and Yum! Restaurants (KFC Pizza Hut). After reading this, you can consider whether it is easier to start a catering business or buy their stocks.

By the way, the brokerage software for overseas transactions such as Futu will soon be unavailable for download in the mainland market. This has little impact on old investors like us, because we are all being ripped off using 6 screens anyway, and we don’t need any APP to improve the efficiency of being ripped off. . . (The dark mode of the web version of Signalplus really looks like the Bloomberg terminal, hahaha)

If you pay close attention, the trend of individual stocks during the earnings season of the US stock market is actually much more violent than Mosaic. For example, my AMD call was pierced, and the 93CALL of SELL was directly pulled to 101 by a big positive line last night. Fortunately, I not only have a protection CALL of the same date at 98, but also a call of 106 in the distance as an extreme out-of-the-money protection. Newbies who are sellers can mark this case. In the face of a target with high volatility, turning unlimited risk into limited risk is the core element for us to prevent liquidation. Of course, the biggest mistake I made this time was that AMD had fallen to 80 on the day of the earnings report. I saw that the call still had a few dollars of value and did not close the position. I received a few dollars of theta. As a result, I didn't expect that the earnings of other semiconductor companies were even more watery, which made AMD's mediocre earnings stand out. In addition, the evaluation feedback of their notebook ZEN4 architecture CPU was very strong, and INTEL toothpaste could no longer be squeezed. .

Thanks for reading, please give me a thumbs up or follow me. Thank you everyone.