Recent Derivatives Position Breakdown: Review of Gains and Losses and Outlook for the Future

$CSOP Coinbase Daily (2x) Leveraged Product (07711.HK)$

This was a relatively unsuccessful trade. From the initial position building, the entire process was quite a struggle, and the holding period has exceeded one month. During this time, I did not take any remedial actions—I neither chose to increase my position to lower the average cost nor followed the discipline to cut losses in time. Looking back at my mindset at that time, it was more a sense of helplessness and confusion.

Fortunately, today finally turned a profit, which can be considered as bringing some closure to this difficult period. The current plan is to continue holding, and if there are any new moves, I will update everyone immediately.

$CSOP Tesla Daily (2x) Leveraged Product (07766.HK)$

Since opening the position on Monday of this week, the current unrealized gain is close to 5%. As a target I have been paying attention to for a while, this time I chose a leveraged product with double the long exposure on TSLA instead of directly holding the stock, essentially aiming to amplify the elasticity of the short-term trend.

Considering that Tesla itself has relatively high volatility, combined with the market's continued expectations for future growth, this position is still regarded as a medium- to short-term play and will be held for now.

$CSOP Hang Seng TECH Index Daily (-2x) Inverse Product (07552.HK)$

Friends who know me well should be aware that this short position on the Hang Seng Tech Index was actually initiated at a relatively low point, and holding it until now has resulted in floating profits exceeding 50% at the peak.

However, I still haven't chosen to take profits. On one hand, I believe there is still some downward pressure in the tech sector, and on the other hand, the external macro environment remains uncertain, so I've decided to keep part of my position and continue the game.

$CSOP Samsung Electronics Daily (-2x) Inverse Product (07347.HK)$

This was an operation that clearly went against market trends. Looking back now, I can barely recall the source of the 'confidence' I had when I opened the position.

Since I made a mistake, I must bear the consequences and ultimately chose to cut losses and exit, with total losses amounting to approximately 45%. The market never accommodates anyone; every stubborn trader gets taught a lesson, and I am no exception.

Finally, let's discuss my view on the future market.

Today, the overall Hong Kong stock market experienced a certain degree of recovery, but structurally, the rebound was mainly driven by high-dividend sectors, not a full-scale counterattack in the tech sector. Therefore, we shouldn't be overly optimistic in the short term.

Considering the ongoing uncertainties in the external environment, we can initially treat the 26,000-point level as a watershed. If this round of rebound fails to reach even this level, it would indicate insufficient overall market momentum, and our strategy should remain defensive—watch more, act less.

More aggressive traders might appropriately use hedging tools for phased speculation.

The biggest external variable going forward, in my opinion, is Japan's monetary policy. If oil prices continue to rise rapidly amid the current Middle East conflict, pushing up global inflation expectations, the Bank of Japan may face increased policy pressure, potentially being forced to raise interest rates earlier than expected. Once this variable materializes, it could have new implications for global liquidity and sentiment toward risk assets.

$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Dow Jones Industrial Average (.DJI.US)$ $Coinbase (COIN.US)$ $Tesla (TSLA.US)$ $BABA-W (09988.HK)$ $TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $MEITUAN-W (03690.HK)$ $MINIMAX-W (00100.HK)$ $CNOOC (00883.HK)$ $HSBC HOLDINGS (00005.HK)$ $KNOWLEDGE ATLAS (02513.HK)$ $POP MART (09992.HK)$ $NVIDIA (NVDA.US)$ $Micron Technology (MU.US)$ $Broadcom (AVGO.US)$ $Palantir (PLTR.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$

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