Recently I’ve gotten a bit hooked on options. The buyer and the seller—one is waiting for the wind to change, the other is just collecting rent. Honestly, time value is like the sand in an hourglass: the buyer bets that before the sand runs out, the wind will rise; the seller bets that the wind will never come. I don’t know who’s more exhausted, but every time I see buyers “grind it out” in an end-of-days round, I remember how I used to stubbornly hold my positions back then. In the end, what the market reflects is just that bit of greed and fear in human nature.

Recently, hardware wallets have actually sold out. A bunch of people in my circle are trying to buy one, saying they’re afraid that fishing links will trick them into handing over their private keys. Looks like everyone’s security awareness finally kicked in—good. Still, I feel like it’s harder to manage your hands than to manage your wallet. When you impulsively place an order, who remembers what’s safe and what isn’t?

Forget it, let’s speak plainly. Don’t treat your position like your self-respect. Win or lose is the norm—protect your principal first, and then you’ll have the right to watch the next scene.