币圈投资故事：比特币期权对冲成就我的财富人生

?投资本无意，妙手偶得之。人生总有种种机遇，只是极少有人及时察觉并把握，所以机遇都在不经意间逝之如流水。

♪ I don't want to invest, I don't know. There are opportunities in life, but few people are aware of them in time, so they're just passing away.

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刚接触投资，是从股市开始，当年人尽皆知的15年大牛市，股市出现疯涨行情，忍不住朋友蛊惑，拿着仅存的积蓄冲入其中，奈何好景不长，没多久股市传来消息，国家开始去杠杆，清除配资，引发整个股市持续半年暴跌，刚上手便留下深刻教训，所幸身边好友无一人幸免于难，算是得以慰籍，相反我损失一般，算是五十步笑百步，也就没那么难受。

It began with the stock market, where the stock market was known for 15 years, where the stock market was ravishing, where friends were indulging, where the stock market was pouring into it with the only savings remaining, where the news came from a short while ago, where the State began to deleveraging and disinfecting the stock market, causing the stock market to crash for six months, where the first hand came up with a profound lesson and fortunately no good friend survived, which was a relief. On the contrary, my loss was a 50-step laughter, which was not so painful.

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不过初次折戟却是留下心结，难以忘怀，毕竟好不容易攒下来的部分家当，转眼间不明不白的赔出去，心里终究不痛快，这件事压在心里许久，一直幻想着挽回，或许是命中注定我得暴富。17年比特币迎来减产，身边朋友略微吹风，经不住诱惑，再次杀入数字货币市场，毕竟心底里对T+1市场阴影挥之不去，但是想挽回损失心结也与日俱增，早就有想尝试T+0市场的冲动。

But it is hard to forget, after all, that some of the pieces of the money that have been saved have been left behind, and there has been a lack of clarity and pain, and this has been going on for a long time and has been fantasizing about recovery and perhaps fate for me to be rich. Seventeen years of bitcoin has come down, and friends around them have been a little tempting, trying to get into the digital money market again, after all, the shadow of the T+1 market has gone on at the bottom of their minds, but there has been a growing urge to try the T+0 market.

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确实是财运已至，初入币市确实顺风顺水，因为当时减产利好刺激下，整个行情都开始单边上行，整整持续一年，创出了比特币历史高点20000美金行情，此轮我收获不菲， 同时应了那句话，不是因为拿的住才赚钱，而是因为赚钱才拿的住，所以才能近乎完整吃完那轮行情，此番不光挽回前期所失，还给自己赚取了人生的第一桶金。从此整个开始对币圈产生极大的兴趣，而兴趣则是最好的老师，我开始认认真真去学习，研究如何实实在在的交易操作。为此，我从基础的k线技术知识学起，每天浏览各种币圈科普知识，在几个月学习下来，很明显发现自己有很大程度上的进步，所以在投资领域必须与时俱进，时刻保持谦虚学习的态度。

It was true that the money had arrived, that the first currency market had been smooth, because the economy had been stimulated by a reduction in output, and the whole business had been going up unilaterally for a whole year, creating an historic high of $200 in bitcoins, and I had learned a lot from that round, not because I had earned it, but because I had earned it, but because I had earned it because I had earned it, so I had nearly finished the round, not just to make up for the loss of the previous period, but to earn myself the first barrel of money. From that point on, I had a great interest in the currency circles, and I had the best teacher, and I began to learn how to really do it. To that end, I had learned from the basic k-line technical knowledge, and I had learned every day, and I had learned a great deal of progress in the field of investment, so I had to learn at all times and at all times in a modest way.

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而真正发生转变，是辗转等到比特币第三次减产，我再度斗志昂扬，前面吃过甜头，那么几乎很难忘记那种感觉，但是恰逢疫情爆发，整个币圈突遭3.12黑天鹅，此番却遇滑铁卢，资产迅速缩水，其中合约账户直接爆仓归零，仅剩现货资产留存，那段时间仿佛云端掉落，

And the real change is going to wait until Bitcoin's third cut, and I'm back on my feet, and I've eaten sweets before, so it's almost hard to forget that feeling, but just when the epidemic broke out and the entire currency was suddenly hit by 3.12 black swans, and the assets quickly shrunk.

这也让我深刻认识到，极端行情下，合约杠杆下风险极高，需要做点保守策略，防范未知风险。

It also made me realize that under extreme circumstances, the risks under contract leverage are extremely high and require a conservative strategy to guard against unknown risks.

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反复学习研究下，开始主攻对冲策略，从套期保值到组合对冲，整个学习下来其实很伤神，毕竟很考验数字计算能力，需要不断测算预期回报和风险概率，但正是这种反复磨练出来的对冲意识，才让我在币圈躲过了一次又一次千点暴跌，在别人哀嚎时候我反而因此获益无穷。

After learning over and over again, starting to focus on a hedge strategy, from hedging to a combination of hedges, the whole learning is really hard. After all, it is the ability to calculate numbers that requires constant measurement of expected returns and probability of risk, but it is this repeated sense of hedge that has kept me out of the currency circle once and for all, and I have benefited from it when others cry.

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今天我就来分享下我个人的对冲操作

I'm here today to share my personal hedges.

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1.合约对冲，在每一次合约开单结束后，立即计划委托上反向开出同等仓位的止盈止损单，这样行情即使突发状况，也可以自动回避急涨急跌风险。

Contract hedges, immediately after the closure of each contract, are planned to commission an equivalent warehouse stop-and-lose bill of loss in reverse, which automatically avoids the risk of surges and crashes, even in unexpected circumstances.

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2.期权对冲，这里有两种对冲方式，合约与期权组合对冲和期权双开对冲。

2. There are two types of squiding, where the contract and the combination of options are squirming and staggering.

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前者是通过合约与期权同时反向开单，比如在火币合约做多同时在Bitoffer期权看跌，不论行情涨跌，都有一方获利，而当波动足够时候，无论哪个获利都能完全覆盖两边下单成本和损失，一般控制在1小时波动1%以上即可。

The former are billed in reverse through both contracts and options, for example, in the case of more and more gun contracts in Bitoffer, where there is a profit on one side, regardless of whether the movement goes up or down, and when the volatility is sufficient, either profit can fully cover the single cost and loss on both sides, which is generally controlled at a rate of more than 1 per cent per hour.

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后者是通过期权同时看涨看跌下单，因为期权成本低，BitOffer以太坊1小时期权2美金即可，同时反向双开成本才4美金，行情略有波动即能稳赢。

The latter is based on a combination of options, because the options are low, and BitOffer is able to win with two dollars for a small period of time, while the reverse double costs are only $4, with slight fluctuations.

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在全年全天候无休的数字货币市场，高杠杆的条件下，把控风险为操作第一要义，切记风险与收益是对等的，守住本金才能去谈增值，不然只会难逃韭菜命运，不然，上帝给了你机遇你却把自己埋进了坟墓。

In the endless digital money market throughout the year and under conditions of high leverage, controlling risks is the first thing to do, bearing in mind that risks and returns are the same, and holding the principal to talk about value added, otherwise it will only be hard to escape the fate of the pickles, or God gives you the opportunity to bury yourself in the grave.