I came across someone saying that option sellers have a higher win rate, and I was stunned by that sentence.

In fact, both buyers and sellers are being chased by time, just with different kinds of pain.

The buyer wakes up every day to see Theta burning, like renting a room charged by the second; the seller feels great collecting rent, but on the night a black swan strikes, it might flip the bed with you on it.

Simply put, both sides are signing unequal contracts with time.

Recently, the regulatory winds have shifted again. Some people around me are rushing to move funds around, but I’m moving even slower.

I used to think caution was a character flaw, but now I think... forget it, let's leave it at that.

What I fear most is not loss, but losing control. When positions are manageable, even losing is a clear loss.