25 years old with 10 years of trading experience: The evolution path of genius trader PATH

Introduction At the age of 15, while still completing middle school, Path experienced his first stock market crash in life. Most people spend a decade and may not grasp the essence of trading. However, this 25-year-old recent graduate has spent ten years honing himself into a trading actuary who upholds "surviving" as his first creed. Last year, he invested in the Bitcoin "Black Swan Lottery", earning him hundreds of thousands of dollars in net profits. Behind this success is an extremely sophisticated trading strategy. And behind this strategy is a trading philosophy known as "Ergodicity." In his eyes, trading is no longer a life-and-death adventure, but a daily cost management game. The goal is clear and distinct: by continuously "brushing costs," the holding cost can be driven towards zero or even negative, ultimately ensuring that no matter what unexpected events occur in the market, one can enjoy the rewards brought by "uncertainty." In this issue of "SignalPlus Big Player Dialogue", Path has for the first time openly showcased its core logic of cross-market arbitrage and how to use options strategies to create "free lottery tickets", thereby building a low-cost "anti-fragile" system. If you are willing to let go of the fantasy of getting rich overnight, then please join us on this long journey to review ten years of trading. Entering the market at 15, the circuit breaker stock disaster is the first lesson. SignalPlus: Please, PATH student, introduce yourself and share your experience. Path: I currently have about ten years of investment experience. I have encountered stocks, bonds, as well as options, futures, and other derivatives, and I have practical trading experience in all of them. SignalPlus: Can I ask how old you are this year? I remember you just graduated not long ago, how did you start getting into investing? Path: I was born in 1999, and I am 25 years old this year. About ten years ago, which was the year before the A-share circuit breaker stock market crash, I entered the market. The first market I traded in was A-shares because Alipay had just launched a simulated stock trading feature. I played a few times and thought this could make money, so I used my family member's account and borrowed ten thousand yuan to start trading. As a result, at the beginning of the second year, I was fully invested and faced the circuit breaker stock market crash, which taught me a profound lesson. This was my initial trading experience. Survive to Get Rich: Traversable Thinking Beyond Black Swans SignalPlus: With ten years of experience, you must have gone through many cycles. Have you developed your own core philosophy or preferred trading methods? Path: The one thing I have come to understand deeply is actually very simple: survive.

As long as you ensure you stay alive (not getting liquidated), there is a possibility of making money in the future. In other words, I believe there are two key aspects in trading: survival and ergodicity. What is traversability? Simply put, it means that over enough time, both good and bad things will eventually happen to you. Bad traversability refers to the inevitable day when you encounter extreme risks that lead to liquidation; good traversability means that perhaps one day you will stumble upon a great opportunity and become rich overnight. Regardless of whether they are good or bad, these extreme situations exist in the market because the market has a fat tail characteristic, and black swan events are unpredictable. For example, just a few days ago, wasn't there an old wallet holding 80,000 bitcoins that was suddenly activated? This can actually be considered a case of sudden wealth resulting from "traversability." Of course, more than a decade ago, he could never have predicted that the price of Bitcoin would rise to $110,000 over a decade later; otherwise, he wouldn't have only bought a mere 80,000. This example illustrates that good traversability (luck) does exist. Similarly, those who aggressively leverage their positions may eventually encounter bad traversability (misfortune) and face liquidation. How can we avoid bad randomness as much as possible and increase the probability of good things happening to us? The core is to stay alive—ensuring your survival in the market. As long as you live long enough and the time is sufficient, the effect of "randomness" will inevitably manifest, and there will always be an opportunity for you. This is the point I currently feel the most deeply. SignalPlus: In mathematics, ergodicity generally refers to the probability of experiencing all possible scenarios over a sufficiently long period of time. Can you explain in simple terms what you understand by "ergodicity" in trading? Path: As long as something can happen, it will definitely happen in the near future, and in the financial markets, this future often arrives much earlier than expected. One example is during a de-leveraging crash, where due to the self-fulfilling nature of the market, high-leverage traders being force-liquidated causes prices to continue to fall, leading slightly lower-leverage traders to also fall within the liquidation range, creating a cycle. This may also be accompanied by circuit breakers, creating a liquidity vacuum, and the magnetic effect of circuit breakers, making many traders who think their leverage ratio is "very safe" end up being the driving force behind their liquidation. It is possible that some backtesting data may indicate that the probability of a portfolio triggering a forced liquidation at a certain leverage ratio is less than 1%, but the market has a fat-tailed distribution and possesses self-fulfilling characteristics. Similar cases include the bankruptcy of LTCM due to the Russian government bond default incident. The LTCM model considered the Russian government bond default as an event that was 7 or 8 standard deviations away, and according to the model's calculations, similar events might not occur even once in a million years. But we all know how the story turned out. SignalPlus: To cope with traversability, we need to consider various extreme scenarios as much as possible, right? Path: In response to traversability, it should be to our advantage. The fat tail distribution and self-fulfilling characteristics of the market are objective facts that can be used to construct investment portfolios. When the market traverses to the tail, the impact on the portfolio should be positive rather than negative, which requires the use of nonlinear tools such as options. The market is unpredictable and does not need to be predicted. Maintaining a traversable attitude is beneficial to me, and over time, it can yield good results. The experience of making big money for the first time SignalPlus: Do you remember when you first made a significant amount of money? Path: The most I ever made from a trade was on BTC, during that market surge last year. SignalPlus: Can you talk about the scale? Path: Um, maybe a few hundred thousand dollars. SignalPlus: How much is the principal investment approximately? Path: The principal is about one hundred thousand US dollars, if I remember correctly. SignalPlus: How did you earn this money? Path: It can be divided into two main parts. On one hand, holding spot assets ensures that I don't easily sell during the continuous rise in coin prices (not "losing coins"). During that time, my options position was actually very small. On the other hand, later, when the coin price fluctuated at high levels, I started to implement some options strategies. The segment that earned me the most was the decline triggered by the drastic deleveraging last August. SignalPlus: Did you buy the out-of-the-money Put that was worthless at that time? Path: Yes, before that period, we had already increased the options positions by buying a lot of OTM Puts, and then continuously using short-term options to recoup the expenses of the Long Puts. SignalPlus: Have you ever encountered particularly agonizing moments when holding your position or adjusting costs? Path: There really isn't any on BTC, but there are on other varieties. For example, the SSE 50 dropped quite sharply at the beginning of last year, and after the Spring Festival, there was a small rally that finally allowed me to break even and make a profit. In A-share targets like this, it always declines gradually, and only in very rare cases does it surge. If you keep trying to lower your cost, your position will just get larger and larger. At that time, I even used some margin financing, which actually contradicts the principle of universality I mentioned. If it really continues to drop, then I would face liquidation. Arbitrage opportunities are always hidden in the rules. SignalPlus: You just mentioned the A-shares, Crypto, and now using IBKR for US stocks. How did you build such a comprehensive investment system? Path: First of all, it was out of curiosity. I am indeed very interested in various financial markets. At first, I traded A-shares spot, and I was completely a novice at that time—I couldn’t read financial reports and didn’t understand technical indicators. Back then, when I heard others discussing MACD and KDJ, I was completely confused, and the more I read and researched, the more confused I became. Later, I simply gave up on directly trading stocks and started learning from off-market funds. By buying funds, I slowly learned how an index is constructed, how constituent stocks and weights affect fund performance, the rules for index compilation, market capitalization weighting algorithms, and so on. After understanding these basic rules, I turned to studying on-exchange ETFs: how ETF pricing matching works, the mechanisms of aggregate bidding and continuous bidding, and so on.

I have always had a belief: once you understand these basic trading rules, you have already surpassed more than 90% of investors. This realization came from my interactions with many investors and the information I gathered from online forums. Many people in reality are not even clear about the most basic trading rules. Yet, many trading opportunities are hidden within these basic rules. For example, a few years ago, during the acquisition case of Porsche and Volkswagen, the rules of the Securities Regulatory Commission did not include options positions in the stockholding amount, allowing one party to achieve the acquisition using these derivatives. These are the most basic trading rules. If you can grasp these rules, you have already surpassed the vast majority of investors. From now on, I will continue to learn in this direction. There are many varieties on Dongfang Caifu. Besides stocks, I trade a lot in A-share convertible bonds. The arbitrage of convertible bonds also requires a detailed study of the rules, as there are many arbitrage opportunities within. Additionally, there is the futures market, where there has recently been an arbitrage opportunity—an arbitrage space exists between the closing price of a certain soybean meal ETF and the closing price of soybean meal futures. At that time, the annualized return from arbitrage was quite considerable, although the duration was not long. This is arbitrage using the most basic closing prices and net values. If you can understand the most basic trading rules, this money is yours. After entering the overseas market, I found that I could also trade US stocks and Hong Kong stocks. They also have many arbitrage opportunities, the most intuitive being the types of products. For example, the crypto derivatives we trade are coin-based, while the US stock IBIT is dollar-based. Both have an options chain, and the price difference between the two can be arbitraged, using the most basic delivery and settlement rules. SignalPlus: As long as the pricing mechanism has "convergence", arbitrage opportunities will always exist. Path: Yes, that's it. Transparent Market: Why U.S. Stocks and Crypto Are More Suitable for Traders? SignalPlus: What do you think are the most attractive aspects of the U.S. stock market and the crypto market? Path: What attracts me the most is transparency and openness. I learned about Crypto quite late, only starting to study it seriously last year. Before I entered the Crypto market, I carefully read the white paper and then reproduced the code, so I had a general idea of what it was. The first shock it gave me was its openness and transparency. Every transaction on the blockchain and the holdings of each address are clear and completely publicly accessible. This attribute left me very impressed. In the traditional financial world, you definitely wouldn't know the asset situation of your counterparty, but in the world of blockchain, you can know. The US stock market certainly has a very mature public mechanism. For example, the battle between the Federal Reserve Chairman Powell and the market during each press conference is actually conducted openly. Although we often say he is a Tai Chi master, you can see that he also provides you with tools like the dot plot and the Federal Reserve interest rate monitor. This market is extremely mature; as long as you clearly understand what risk you want to trade, there will definitely be corresponding tools available for you. For instance, if you want to trade the risk exposure of whether the Federal Reserve will cut interest rates in three months, CME will provide you with interest rate futures for trading. The US stock market has a complete set of derivative tools, which is also part of its charm. Speaking of this, during the recent U.S. election, there was a prediction market betting on whether Trump or Harris would succeed in the election. IBKR also has an event prediction tool where you can bet, and there is even a price difference between the two markets, allowing for arbitrage. At that time, I calculated that if done, the annualized return could be over 10%. I think that the US stock market and the cryptocurrency market are both highly market-oriented and openly competitive markets. Their prices are the result of various forces in competition. SignalPlus: The market itself is very attractive and competitive due to its transparency. Path: Yes, that's right, it's competitiveness. The Way of the Game: A-share Experience in the Dimensionality Reduction Attack on Overseas Markets SignalPlus: How have your experiences with convertible bond arbitrage in the A-shares and volatility strategies in the US stocks influenced or inspired your subsequent work in Crypto? Path: It might be a bit extreme, but I think in the A-share market, no matter what strategy you use, you will be involved in games of chance, which is essentially a competition between people. This concept is actually neutral and not derogatory. If you are very skilled at this kind of competition, you actually have an advantage in the U.S. stock market. For example, in the GME market, if you are someone who has traded A-shares for many years, you have an advantage in your competitive abilities. If you are accustomed to this game theory thinking in the A-share market and are very skilled at it, then when you go to the US stock market, you actually have an advantage. For example, in the GME short squeeze situation, if you have been involved in the A-share market for a long time, your understanding of that kind of long-short game situation will be deeper, and you will be more willing to participate. The convertible bond arbitrage mentioned earlier is actually the result of a game. At that time, my strategy was to buy the underlying stock in advance and hold it until the equity registration date, so I would have the right to obtain the convertible bonds issued by the company. At that time, there was often a very large price difference between the issuance price and the market price of convertible bonds in the A-share market (generally a premium of over 30%), and I could use this price difference as a "safety cushion" for holding the stock. Of course, my ultimate goal was not to hold the stock long-term, but to sell it for arbitrage after obtaining the convertible bonds. So how to choose the timing for buying in, what kind of stocks to choose, and how the design of its convertible bond contract is? This is another point of the game. This is helpful for understanding the games in the US stock market and the cryptocurrency space. SignalPlus: It's mainly about the mindset of speculation and the ability to time the market in actual operations, right? Path: Yes, timing. SignalPlus: Is the concept of not risking everything and focusing on strategies, which was developed in traditional markets, as well as the use of various arbitrage and hedging methods, still applicable in the Crypto market? Path: That will definitely be better applied. The derivatives in the crypto market need to be more flexible, and the margin design can be much more user-friendly than in the U.S. stock market. Because it is always within one exchange, the inherent risk is minimal. The U.S. stock market has different exchanges, and you might consider cross-exchange margin designs. When it comes to hedging, crypto tools are more effective. Building the Ultimate Defense Strategy: Everything Can Be "Cost-Reduced" SignalPlus: Let's talk about your specific strategies next. What strategies do you generally use in the US stock market? Path: The table you see now is the position related to TLT (20+ Year U.S. Treasury Bond ETF) that I created.

I have a subjective view: the US stock market is in a rate-cutting cycle, and long-term bonds have a larger appreciation potential during this cycle. I subjectively expect it to be a bull market, so how do I match this expectation? The strategy I choose is a cost strategy, specifically using options for covered calls and cash-secured puts to reduce costs. Additionally, there are many tools available in the US stock market; in terms of bonds, there are zero-coupon bonds, and in terms of ETFs, there are leveraged ETFs and inverse ETFs, all of which can be helpful for the strategy. The overall idea is: first establish a bottom position (equivalent to a ballast). I will hold a certain amount of TLT spot positions, rather than fully selling puts to take delivery from the very beginning. Look at the cost table above, P stands for put, with expiration date, strike price, and contract quantity; if it's a negative number, it means selling. After receiving the goods, sell the Call in reverse, and use some leveraged ETFs (LETF) in between to enhance returns. LETF is one of my favorite trading varieties. One of its characteristics is that it tends to be loss-prone in a volatile market. Bonds are usually a major variety in a volatile market, so the LETF of bonds is more inclined towards volatility loss in the context of trend excess and volatility loss. Since it is a loss, I will find a way to short it. For example, TMF is a three times leveraged long ETF for TLT, while TMV is a three times leveraged short ETF for TLT. Since I want to short the losses while also wanting to go long on bonds, I would choose to short TMV. The specific operation is to sell the Call for TMV, buy the Put for TMV, and create a combination with a negative cost. This way, even if the underlying price does not change by the expiration date, I still have the right to receive positive premium income, so this trade is quite good. The cost is negative, and the profit ceiling is quite high. SignalPlus: I see that the quantity in your table is negative five, which represents the seller in the brokerage software, that is, the obligor. You are very familiar with this format. Path: Yes. After obtaining the trading records, you can derive a total sum of premiums plus dividends, total commissions, spot quantity, and total cost, and finally calculate the average cost. Speaking of this, why did I choose TLT for this strategy? TLT is a collection of a series of bonds, which we can equate to a large bond. The pricing method applicable to bonds is similarly applicable to TLT. Bonds have a very good property: a price corresponds to a certain yield.

In American business dramas, when traders report bond product prices, they often report the yield instead of the transaction price. For example, "I want to buy a certain amount of bonds with a duration of several years at a price of 5%" (where the 5% yield is referred to as a price of 5%). Why? Because price and yield can correspond one-to-one. TLT, as a large bond, has the same property. If I want to buy TLT at a price of 85, 85 is an abstract concept for me, but if I say I want to buy it at a yield of 5.09%, that concept becomes intuitive. The duration of TLT is about 26 years, am I willing to lock in a yield of 5.09% for 26 years? I think it's a good deal, so I take it. If it rises to 92 dollars, corresponding to a yield of 4.59%, I feel it's not as attractive, so I can sell some. By doing this, your holding cost is also a price, and this price corresponds to a yield as well. I conservatively estimate that the yield corresponding to my current holding cost should be above 8%. Lowering your costs means increasing your yield. I think it is appropriate to hold bonds with a cost of over 8% for more than 25 years, so I will continue to maintain this cost price. This cost actually has meaning, and the same goes for stocks. My other account mainly deals with Occidental Petroleum (OXY), and one of its indicators is the PE (price-to-earnings ratio), which is your payback period. When your cost decreases, your payback period becomes shorter. In addition, I have also done some cost management on IBIT (BlackRock Bitcoin Spot ETF). The price of IBIT has a corresponding relationship with the price of Bitcoin, with a price of 50 dollars for IBIT corresponding to 87912 dollars for Bitcoin. Many times the strike price in trading is very abstract, but after establishing this correspondence, it becomes intuitive. Similarly, there is also a conversion relationship between the number of shares held and the corresponding amount of cryptocurrency. I will also consolidate the strategies of related assets, for example, the money I earn from using a double-leverage ETF for enhanced strategies will be incorporated into the cost table of IBIT, making the cost of IBIT lower and lower. Basically, this is how I operate with each asset.

SignalPlus: With your approach, trading seems to have turned into something as simple as "buy low, sell high; as long as the cost is low enough, you will definitely make a profit." Path: Regardless of the underlying asset, including some "derivatives of derivatives", if you can continuously reduce its holding cost, you will have a low-cost "anti-fragile" position. Everyone understands that holding some "black swan insurance" (antifragile positions) is a good thing, but precisely because everyone wants it, its price is usually very high. If you buy this insurance at a high price, once the market really crashes and it starts to take effect, your gains will have to be reduced by the high cost you initially paid, and the net profit may not be very high. So, the key is to hold a robust position at a low cost. By continuously "brushing the cost" down, this position can truly make a big profit in the future. Take UVIX (an ETF that goes long on VIX volatility futures with 2× leverage) as an example. If you can bring down the holding cost of UVIX to a very low level, when the market crashes in the future and it skyrockets, your profit minus the very low cost will be quite substantial. The application of low-cost "anti-fragile" strategies in the cryptocurrency market SignalPlus: Is this "low-cost anti-fragility + cash flow" strategy that you use in the stock market also applicable in the crypto market? Path: There aren't many options for volatility derivatives in crypto, except for DVOL futures, basically nothing else. But you can manually construct your own. For example, the method I used before was to go long on out-of-the-money (OTM) options for the long term. Deribit only allows trading options up to a year in advance, which isn't too far, but the convexity (the non-linear acceleration characteristic of option value in relation to changes in the underlying asset price, known as the Gamma effect) is sufficient. Then you constantly buy long-term OTM options and use the cash flow generated from near-term covered and uncovered positions to pay for the long-term expenditures. This account must balance out because the short-term Theta (time value) decay rate will be much faster than the long-term. You fill the long-term expenditures with the slower short-term Theta decay, and by doing this repeatedly, at a certain point in time, your OTM position becomes free. A free OTM Put is like a free lottery ticket, which is very meaningful. Specifically, when your "lottery ticket" really hits (that is, when the long-term put option becomes in-the-money, and a significant drop occurs), my latest strategy now is to roll it. For example, when BTC rose recently, I sold the in-the-money call options I had and opened a new one with a higher strike price. For instance, I sold my position at 40 and opened it at 43. This way, your execution price is cheaper, which means you are taking profits. But at the same time, you still maintain the convexity of the underlying asset, which is equivalent to partially taking profits and then continuing to roll it up. This way, your cost of convexity will also become very low. SignalPlus: It sounds very much like a calendar spread strategy. For example, selling the near month and buying the far month, profiting from the Theta difference between the near and far ends. Path: It is a calendar structure that you construct yourself. The distant time is passing, which is detrimental to you; the near time is also passing, but it is beneficial to you (because you are selling). The flow of near time is very fast, so you can continually use the speed of near time to fill in the speed of distant time. SignalPlus: You mentioned before that you made a significant profit in the Crypto market through a black swan position in August last year. Could you elaborate on how you designed that black swan position at the time? Path: At that time (starting in July), I had actually started doing some covered calls and naked calls, not just holding onto the coins. At that time, the price of BTC was around $70,000, and it had already dropped once. When it started to rise again, I began buying OTM Puts, buying more as it went up. I bought quite a bit at that time, but I was certain that the short-term cash flow would definitely cover the long-term expenses. I was confident that I would break even; it could be recouped. Advice for beginners: The devil is in the details. SignalPlus: You officially joined the Crypto market last year and also started using SignalPlus. Could you talk about which features have been most helpful to you? Path: The risk matrix is one of my most commonly used tools. Recently, I have also been working on some BTC strategies, which is basically a feature I use every time I open it. I will look at my profit and loss chart to see how different Greek letters affect my gains and losses under various conditions. The most important thing is the margin pressure test, which can give me a rough estimate and is quite helpful for anticipating future market conditions.

SignalPlus: For those novice investors who originally traded US stock spot or US stock options and are now transitioning to the crypto options market, what would you like to remind them, or what do you think are the common pitfalls? Path: You must understand the trading rules of the asset you are trading clearly. Derivatives have settlement and delivery rules; what time is the settlement? How is the price calculated? Where does the data come from? You should at least understand these. I recently saw a case where someone made a profit but got liquidated because they did not understand the forced liquidation rules. These things have already been communicated to you in advance; you should not find out only after something goes wrong. Like some derivatives in the crypto world, it may have some complexities. For example, the coin-based contract is called an Inverse Contract in English, and its algorithm is the opposite. For instance, when I usually buy 100 shares of Nvidia in the US stock market, the market value is the transaction price multiplied by 100 shares, with the unit being USD. However, for the inverse contract, the unit is USD, but its market value is in coins. Recently, I even wrote a calculator to visually display the differences between this inverse contract and our common linear contracts on the profit and loss curve (which is more favorable for short-selling investors).

Even at a fundamental level, I recommend understanding what BTC really is. I know many people have a very crude definition of BTC, considering it just a Ponzi scheme used for money laundering. But have they actually looked at the BTC white paper, seen how its source code is written, or tried to replicate it themselves to feel it out? At the very least, they should check a blockchain explorer to see the transactions contained in each block, the transfers between addresses, and what terms like Input/Output actually mean. You should also understand the underlying assets you are trading, including BTC, ETH, and some things about US stocks. For stocks, it’s the underlying financial data (financial reports). Now that tools like GPT are so advanced, I first throw the financial reports to them and let them analyze the points I want - what business segments there are, the proportion of each segment, the annual net profit, the income proportion from different regions, etc. Now I can complete the research on a stock in one day, which used to take me a month. SignalPlus: In summary, it is still necessary to start from the rules and underlying details, fully understand the market and assets you are trading. Path: There is a saying that goes quite aptly: the devil is in the details. There are indeed many things, especially some that can be fatal, often hidden within these details, and you must pay attention. Including many tools on the SignalPlus platform, you can also study their data sources and principles. Your platform's Delta has coin-based Delta and dollar-based Delta, and you can switch between them to experience the effects of the curves under different measurement units. Final recommendation: Do not mythologize tools, and improve fault tolerance. SignalPlus: Finally, is there anything you would like to say to the new listeners? Feel free to speak your mind. Path: Still the same opening statement: You must survive. You must at least survive in this market to have a chance at getting rich. I have seen many people tell me that they have small capital and can only take a gamble by using high leverage. But it’s not like that; this is just your excuse. Whether you have a position of 1 million, 10 million, or 100 million, you should always proceed steadily and cautiously. The accumulation of capital takes time. If you don't patiently endure, how can 1 million turn into 10 million? So, don't be in a hurry. First, you must ensure that you are alive in the market, then the "pervasiveness" of wealth may come to you. You can't wait until the day when your correct expectation actually happens, but by then you are no longer there. What meaning does that have? Therefore, you must at least live until the day when you see your correct expectation. Options are tools that simply allow for a greater margin of error and a smoother trading curve. They are not a miracle cure; learning about options won't guarantee you a quick path to wealth. They are just tools, so don't mythologize them; instead, use them effectively to improve your margin of error. While others may have failed, you are still standing.

Just like costs, I use bonds as a metaphor. My current cost corresponds to a yield of 8%, while the market quote is 5%. When the market drops to a corresponding yield of 8%, those with higher costs will definitely be the first to go under. The same goes for stocks; companies with higher valuations, poorer asset quality, and higher leverage will certainly go bankrupt first. How can you lower your cost price? Take Bitcoin as an example, if you can reduce your holding cost to below the electricity cost of miners, when they all have to shut down, you'll still be operational, then you're amazing. If the cost is negative, that's even better. This is also a way of thinking: using options and these derivatives to continuously lower the position cost. One very good point about options is that you can trade risks outside of the current price. For example, if Bitcoin is now at 100,000, you can trade risk exposures at 90,000 or even 80,000, which linear products cannot do. You can take advantage of this characteristic to continuously reduce your costs. Even when others say Bitcoin has no cash flow, you can use options to create its cash flow and manually realize it.

The decade of Path is an epic about how to systematically survive in an unpredictable market. We believe that in every corner of the market, equally exciting chapters are hidden. "SignalPlus Dialogues: Ways to Survive in the Market" is looking for experienced investors like you. If you are a seasoned player managing investment assets over $100,000, we invite you to participate in our one-on-one in-depth interview. We are eager to understand your unique investment style and winning strategies, and we are willing to invest professional resources to compile your valuable experience into an in-depth article to share with the entire community. Your success deserves to be seen. Looking forward to your contact!