1. Option paper trading involves two markets: the Hong Kong stock market and the US stock market. By tapping the 「Create」 button, you can open a virtual account for each market and will have an initial asset of 1 million HKD and 1 million USD in each account, respectively.

2. The product types you can trade in paper trading for the Hong Kong and the US stock markets are limited to stock option products listed on the exchanges.

3. Hong Kong stock market trading hours: 9:30 AM-12:00 PM, 1:00 PM-4:00 PM (China Standard Time); US stock market trading hours: 9:30 AM-4:00 PM (Eastern Time).

4. Hong Kong stock option exercise rules: Exercise is not supported. On the expiration date, if the intrinsic value of an option is less than 1.5% of its exercise price, the option’s value will be 0; otherwise the option will be settled in cash.

5. US stock option exercise rules: Exercise is not supported. On the expiration date, if the intrinsic value of an option is less than 0.01 USD, the option’s value will be 0; otherwise the option will be settled in cash.

6. Option trading rules: Only limit orders are supported; positions in in-the-money options must be closed out before the expiration date.

7. Option settlement rules: The paper trading system has simplified the settlement rules. Proceeds from selling option contracts settle the same day (T+0).

8. The paper trading system is not necessarily consistent with the real stock market. In case of any inconsistency, data in the paper trading system shall prevail.

9. If you hold stock options of a listed company which is delisted for any reason, no longer trade, you may no longer trade such options in later trading days, and the system will return the virtual funds to your virtual account at the last closing price.

10. Hong Kong stock option transaction fee: Commission: 0.2% * transaction amount, minimum 3 HKD per order; Platform fee: 15 HKD per order; Trading tariff: 3 HKD per contract per side.

11. US stock option transaction fee: Commission: 0.65 USD per contract, minimum 1.99 USD per order; Platform fee: 0.3 USD per contract; SEC regulatory fee: 0.0000229 * transaction amount, minimum 0.01 USD per order (sells only); Trading activity fee: $0.00279 per contract, minimum $0.01/trade (sells only); Options regulatory fee: 0.02915 USD per contract.

12. Paper trading adopts the rules of order matching. The highest bid (best bid) and the lowest ask (best ask) are the best prices for matching. A buy order at a price higher than the best ask or a sell order at a price lower than the best bid satisfies the matching conditions and will be automatically queued for execution.

13. Transaction fees deducted in paper trading system are not real expenses. The paper trading system is free of charge, so please feel free to use it.

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關稅風暴暫離高壓區！市場能否迎來反彈？

當地時間4月22日，美國總統特朗普公開承認美國目前對中國出口商品的關稅過高，預計稅率將大幅降低；美國財政部長貝森特也表示中美雙方關稅戰將很快降溫。4月25日，特朗普表示將爲不同國家設定「公平的」關稅稅率。特朗普此次對華關稅態度的轉變，能否平息市場恐慌情緒？關稅拉鋸戰最終結局如何？ Show More

特朗普對華態度緩和！近期你會如何操作？

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Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."

This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy

First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"

[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"

2. On April 2, 2025, ...

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