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Trade European-style vanilla options
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A sharp decline is not scary; what’s scary is panic without a plan.
In the current trapped position, please identify your situation:
1️⃣ Light position shallow trap: No need to cut losses, wait for a technical rebound to confirm resistance levels, then choose to exit or lock in the position.
2️⃣ Heavy position deep trap: A rebound is an opportunity to reduce holdings, first lower the position to protect the principal, and keep ammunition for a comeback.
In the current situation, survival is more important than anything else.
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