In the past, when Brother Sha buy the dips or traded in waves, he always honestly placed orders for physical goods. I recently started trading options and dual-currency financial products. I'd like to share some insights with you: 1. Dual-currency wealth management products, based on selling call and put options, charge exorbitant fees. They're around 35% of the premium—outrageous! 2. Settlement method: Binance options are all settled in USDT. However, if a put option in a dual-currency investment is successfully exercised, the investor receives BTC upon settlement. In other words, options cannot replace the role of spot trading in buy the dips. 3. The variables involved in options trading include price, time, call options, put options, and buy/sell options. It is indeed much more complex than spot trading. Considering the understanding of delta and gamma, this approach is not suitable for most retail investors. 4. There are roughly three uses: buy the dips, daily financial management, and swing trading. 5. Duan Yongping: The only reason to sell put options is if you originally intended to buy the stock at that price. Otherwise, never sell put options to earn option premiums. For true experts, "buy the dips" and "financial management" are perfectly entangled in the act of selling puts. 6. If I don't understand BTC, I don't know when to buy the dips, and I just think it's an asset that fluctuates in the long term. In this situation, selling put options for an extended period is a slightly positive EV strategy, but in practice, it will result in losses. 7. Taleb: The top master who hates and despises "selling puts" the most, without exception. The person selling the put is like that turkey before Thanksgiving who "thought being fed every day was normal, until it was sent to the slaughterhouse." 8. Taking all factors into consideration, selling put options is not suitable for long-term investment. It's only appropriate to engage in bottom- buy the dips-like actions near suitable targets and prices. A combination of buy the dips and investment strategies is the only way to avoid losses in either direction. The logic behind buy the dips can be based on market fluctuations or on holding long-term positions once the value has bottomed out. There is another risk in selling put options to buy at the buy the dips: the risk of miss the pump. 9. Correspondingly, selling a call option is equivalent to selling an asset and shipping it out. 10. In swing trading within a volatile market, selling options offers an extra layer of "error tolerance" compared to directly buying or selling spot. The risk lies in a Gamma explosion caused by a one-sided breakout. 11. What to do in the event of a major market crash? Trade directly with spot goods; options are too cumbersome and not direct enough. While the above content may seem dry, it represents essential trading skills.