As a high-leverage contract player, diving in now feels a bit reckless. I still have a bullish outlook, so when my buddy recommended options today, I bought some and just added another 1000U position. If it rises to 2330 before March 8, I won't lose, and if I'm lucky, I might wake up to 2400, and the return will skyrocket!
Options are amazing when you can spot the trend and bet big with a small amount. I'm just testing the waters. At the current price of the second coin, 2000 is my stop-loss; it’s the short-term bottom. If it drops, I lose 2000U, but if it rises, I make a profit—even if it dips to 1800 tonight, my position is still intact.
As long as it goes past 2330 by March 8, I won't lose. For beginners trying out options, testing with 2000U is great; if I win, it's exhilarating, and if I lose, so be it—it's better than losing several thousand U in US stocks. Last night’s drop gave me some trauma, so I played a bit today and ended up losing 800U again, which is hilarious!