This week, I bought back some NVDL and opened positions in AMD (because AMD has launched the MI300, which is said to be comparable to the H100 or even H200. I personally think there is a higher possibility of a positive financial report for AMD). I also opened positions in energy and gold. The AI sector is expected to enter a sideways consolidation phase next. If the overall market does not fall, funds will flow into major sectors for catch-up gains. The mistakes in options trading during this cycle resulted in a significant profit retracement, which is definitely frustrating. It's really difficult to not let emotions affect trading. I will review the week over the weekend and start anew next week.

Detailed breakdown of monthly earnings for the first quarter👇
Overall yield curve👇
First-quarter trade win rate and top five winners👇
SMCI is a two-trade, with the main riding phase position size: 12-13%, currently no position.
NVDA is a one-trade, with the main riding phase position size: 11-12%, currently no position.
KOLD is a one-trade, with the main riding phase position size about 3%, currently no position.
CVNA is a one-trade, with the main riding phase position about 3%, currently holding 1/3 of the position.
META is a one-trade, with the main riding phase position: 8-9%, currently holding 3/4 of the position.
*It is worth noting that KOLD and CVNA both achieved significant returns with small positions of around 3%, showing the profound impact of a strong psychological advantage on trading. Similar low-risk trading returns have significant implications for account growth.❤️
Despite some trading errors in the first quarter, relying on the advantages of the trading system and psychological aspects, as well as avoiding noise, the account still has a decent positive growth.
System advantages:
The probability of winning trades multiplied by the average profit of winning trades is greater than the probability of losing trades multiplied by the average loss of losing trades.
Of the four variables, the controllability of "average loss of losing trades" is the strongest, and it is the foundation of a successful trading system;
Psychological advantages:
The impact on the "average profit of winning trades" is the most important, with details mainly focusing on protecting profits from advantageous trades that have already been made and riding safely for longer...

It has been a few days since I last shared, cleared the nvdl and other callbacks, bought a long call on Google. This week, mainly participated in selling puts on djt, realizing that when volatility is high, selling puts is basically profitable and risk-free because volatility will not remain high forever. Even if the stock price falls, we can still make money. Therefore, this strategy is relatively stable. Looking back on this quarter, I made a lot of profit, but also suffered a lot of losses. After learning many strategies and engaging in a lot of short-term actual combat, I discovered that offense is not the most important, defense is. The most important skill for a mature trader should be the ability to control capital drawdown. I am no longer pursuing multiplying returns by how many times in a year, but relying on the accumulated data and practical experience to make good decisions each time to achieve long-term, relatively stable compound interest and accumulate capital.