The trigger conditions for extreme declines are actually quite strict—unless there's another major global shock that causes resource shortages and financial system stress, the space for massive panic selling is limited. On the other hand, don't expect a sudden surge; the real profit comes from those who can stay calm amidst volatility.

The core of small funds is balance. Don't just focus on returns; first, clearly understand your Premium and Discount ranges, figure out where the liquidation price is, and then decide on your position size. The risk rate and position structure must match, which is more important than chasing the maximum gains.

In the new year, I hope everyone can dream big and stay clear-headed.