I mentioned last December that keeping it simple is the key to success this year. At that time, we already knew Feds would increase the rate (did not know how big of increase) and we also knew the inflation was here (did not knew how high it would be). So I proposed to short bond and long commodities. That is, long TMV, long ERX or DBC and DBA. This strategy definitely worked well so far. I did not predict that SPX and NDX would be down so much.
Now, ...

In 2022, inflation will stay high, rates will go up, and Nancy Pelosi will continue to trade. My goal is to grow capital, no matter whether the market is going up or down. I do not want to have a goal to beat the market or Nancy, because the market may go down or Nancy’s trades may go bad. Quantitatively, my goal is always a consistent and positive return at least better than inflation rate. Absolutely, I can achieve that and do better than that with options. Not how Nancy...

Whether we invest for the long term or short term, we must first adopt an infinite game (see reference below) mindset. That is, we focus on risk management first and growing money over a long period of time, rather than over-sized trades based on news, talk shows, and etc. 
Like any game, we need to have the right strategies. First, I would like to stay in the social trend that has a long-lasting impact on how we live, work and play. Currently, we are in the 4th industrial revolution, or digital transformation era, so I choose sector ETFs or companies that are leading this trend as our investing instruments. Doing my own research to identify those sectors and companies is critical. Second, setting the time horizon to 3-5 years. This is important, because with this kind of horizon, time will be on my side, and I can deploy my strategies accordingly. For equity investment, I use the dollar average strategy to accumulate my investment. I welcome significant price reductions and use them as opportunities to add to my investment. There are many options strategies that I mentioned in my other posts, so I will skip it here. Finally, being disciplined in terms of the size of each trade, stop-loss, and profit-taking rules.
Mistakes will be made, but the key is to prevent a disaster from a small mistake. Being in an infinite game, we simply need to always compete against ourselves, our emotions and biases, and reserve our capital to play this game as long as possible. 
Carse, James P. (1987). Finite and Infinite Games. New York: Ballantine Books. ISBN 978-0-345-34184-6.

My wish is to to able to trade options on MooMoo app with just simple click on the options chains and be able to construct a strategy in one single trade order! MooMoo should be to do that and provide necessary risk and P/L analysis on that order before the execution, so if I want to change, I can go back and change my strategy. If I am lucky, I would like to trade futures and options on futures on MooMoo. This will put MooMoo at the same level as players in this space. Finally, having a community focused on options would be awesome! Wish everyone a Merry Christmas and prosperous 2022!!

Emotions influence human decision making, especially in trading. Algorithmstic trading had already replaced human in market making activities. As a person working full-time with no time to watch market everyday, I have been following the rules and be mechanical as much as possible.
1. Be a contrarian. When everyone is fearful, aka when VIX jumps high, I become more greedy. When everyone is greedy, aka when the market reaches All-Time high after All-time high, and VIX tanks, I become more fearful and need to find hedges. The past few days just showed us how important this is.
2. Implied volatility rank or percental is my friend. As an option trader, I only trade when the IV is higher than its historical average. The higher the better, since IV often be overstated and makes premium selling more profitable.
3. Size is the most important factor. The risk and the size are highly correlated. I looked the size of each trade closely and will control it to 2% of my portfolio size. I will also control my Buying Power under certain percentage of my portofolio size based on VIX level (following rule number 1).
4. Ask Why first. Since I can only control my risk at order entry moment, I ask myself why this is the right trade and when it is not. This help me to pre-determine my profile and loss limit. Sometimes a good trade will become bad. Knowing the why helps me to make quick decision without second guess myself.
5. Only trade something that is liquid enough. This rule not only help me to reduce any slippage in price (the gap between bit and ask), but it also help me to only trade a handful of entities, which is also my next rule.
6. Trade something that I know well. I do not have time to do research or watch a lot of news. I focus on the main indexes and their futures such as /ES and /ZB and 3-5 stocks such as AAPL and Google. They are highly liquid with a lot of transactions and I know them well, foundationally and technically.
7. Take profit early and often and let time cure the pain. If a trade has 25-50% profile or 20 days to expiration, I will take the money and run. I would roll any losers to next expiration and forever, unless my WHY was wrong with new data presented. Recent example is BABA. I will not touch it for a long while.
7 plus or minus 2 is human short term memory capacity. I should stop here and hear from your suggestions, especially if you are trading options.