详细说明我持仓做多 $nvo $pypl $fisv 以及 $wu 的逻辑。。。首先说nvo。我是在去年11月7日，nvo在45.39的位置建仓的。当时我认为nvo的口服减肥药在12月份会获批，这是一个巨大的潜在利好（后来果然如此）。所以我们现在看，我11月7日做多nvo错了吗？（1）

我今天看到你做多的$pypl, $fish,$nvo都是暴跌…..请问你是如何预期他们未来上涨的？

Life is simple, 404

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Explain in detail the logic behind my long positions in $nvo $pypl $fisv and $wu. First, let's talk about NVO. I established my position in NVO on November 7th last year, at a price of 45.39. At that time, I thought that NVO's oral weight-loss drug would be approved in December, which was a huge potential positive (and it turned out to be true). So now, do we think I was wrong to long on NVO on November 7th? (1)

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

从11月7日开始，nvo最高涨幅将近40%，即使今天暴跌15%，也不能说11月7日开单是错的啊？！所以现在问我为什么做多 $nvo 这不显而易见吗？！我当时对nvo的“择股”不仅正确，而且是非常牛逼的正确。。。当然，即使算上今天暴跌，我持仓这几个月，这单反复上下车，也是赚的。（2）

Starting from November 7th, NVO's highest increase was nearly 40%. Even with today's 15% plunge, it can't be said that opening a position on November 7th was wrong, right? So now, if you ask me why I long$nvo isn't it obvious? My "stock selection" of NVO at that time was not only correct, but incredibly correct. Of course, even considering today's plunge, I've made a profit over these past few months of holding this position, repeatedly buying and selling. (2)

非常低估值的标的，已经在底部盘整了几个月，马上要发财报了。那我做多，一方面作为空头对冲；另一方面如果财报不错，还会有惊喜；财报不好，他们都已经跌到底部了，再下跌空间也是有限。。。这就是我为什么做多 $pypl $fisv $wu （此外wu还有可能被收购的传闻）（5）

The stock is extremely undervalued and has been consolidating at the bottom for several months. It's about to release its earnings report. So I 'long, partly as a hedge against short positions; and partly because if the earnings report is good, there could be a pleasant surprise; if the report is bad, they've already fallen to the bottom, so the downside is limited... That's why I'm long.$pypl $fisv $wu (In addition, there are rumors that Wu might be acquired) (5)

综上，我认为今天之前，我做多pypl，fisv，wu依旧是非常合理的，而且非常有想法的策略。但是，我没料到 $pypl 今天把CEO撤职这种罕见的局面。（其实大跌主要因为这个事情，而不是pypl财报）。而pypl的暴跌，带动了同板块fisv的大跌。。。所以客观来说，就是CEO小概率事件，导致我的仓位失败（6）

In conclusion, I believe that before today, my strategy of long on PyPL, FISV, and WE was still very reasonable and insightful. However, I did not expect the rare situation of the CEO being dismissed today. (Actually, the sharp drop was mainly due to this incident, not the PyPL financial report). The PyPL crash led to a sharp drop in FISV in the same sector. So objectively speaking, it was the low-probability event of the CEO's dismissal that caused my position to fail (6).

因此对我来说，今天 $nvo $pypl 大跌，本身不是问题，这就是有一定的运气。我真正的问题，是没处理好这两个标的的仓位——而这才是导致我今天大亏的根本原因。。。总结：择股合理，运气不好，主观操作失误。一句话，咎由自取。（end）

Therefore, for me, today's sharp drop ($nvo $pypl) is not a problem in itself; it's simply a matter of luck. My real problem is that I didn't manage the positions in these two stocks well—and that's the root cause of my huge losses today. In summary: reasonable stock selection, bad luck, and subjective operational errors. In short, I brought it upon myself. (end)