The cryptocurrency world is a casino for highly educated, high-income young people. If I had to point out the most dangerous derivative among all derivatives in the world, I would undoubtedly say it is the contracts in the cryptocurrency world. To what extent is it dangerous? I am quite skilled in leverage trading, to the point where I find trading stocks more difficult in comparison, and even I would never touch cryptocurrency contracts. This is because the level of leverage exceeds a reasonable and orderly range. Once leverage shakes hands with chaotic fluctuations, the trading arena becomes an outright casino. There is no education requirement at the casino door. The gambling nature is the spear of human nature, easily piercing through the cloak of higher education. Graduate students and doctoral students from prestigious universities lack the ability to measure risk, let alone manage it. Unfortunately, the key opinion leaders in this circle overlap with idols from the 85-00 generation, such as Jay Chou and Li Xiaolai... They have not set a good example for young people but instead attracted many fans to step into the doors of the casino. For those without a financial background who want to play derivatives well, they must first understand trade/market. At this stage, you can look at the Dow Jones Index, which is a standardized, liquid index that can help you understand what trading is. There are many interpretations of it; you can find entry points for observation based on your industry and work. Additionally, you can choose the S&P 500, S&P 100, or Russell 1000. The purpose of this step is to understand unleveraged trading. The second step is to understand leveraged forward trading, which you can observe through crude oil. This adds a time pricing concept to the first step. Other aspects remain the same, but since there are many influencing factors, and since 2024, the weight of industry supply and demand impacting its price has declined while the importance of financial and macro attributes has increased, it allows outsiders to observe and think more easily. The third step is to understand options trading; you can look at the options for Tesla, Meta, and Nvidia. Here, it's better not to look at the options of the indices from the first step but to switch to US stocks and commodities, or ETF options within ETP options. The education for Chinese investors is poorly done; it can be said to be very bad. In fact, options are the best risk management tool, particularly elegant, old money, old school. Of course, the premise is that you need to know how to use them. #加密项目 #美国加征关税 #加密市场回调 #BTC #ETH