$SIREN This trade has been a gambler's game from the start, with negative fee rates combined with high open interest being too obvious—bears are giving bulls money, yet the market maker dares to keep the 11M U open interest unchanged. Such abnormal operations are either a trap or a shakeout to collect chips. I choose to believe the latter, entering long around 0.51 directly.

The holding process was more torturous than I imagined. Shortly after opening the position, it started to retrace, with floating losses approaching -7.4%, just one pin away from the stop-loss line. Honestly, I was nervous—what if I was wrong? But the open interest never collapsed, indicating the market maker didn't run, so I kept holding. After enduring the toughest few hours, the trend started to reverse, climbing from -5% back to positive returns.

Now I’ve closed a normal position, holding for just over 6 hours. The biggest takeaway from this trade isn’t how many points I gained, but rather confirming a logic: negative fee rate + high open interest + market maker not running = high probability of reversal. Next time I encounter a similar market, I’ll be more confident.

Shanzhai contracts are like this—only those who can endure can enjoy the gains!
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