以赛事为镜，与同业者同行

Core Insights - The "Tongzhou Cup" special award has gained significant attention in the market due to its distinct industry characteristics and professional competition design [1] - Participants in the peanut category, such as Han Jingbo and Huang Liwei, shared their practical experiences and insights from the competition, highlighting their deep industry backgrounds and trading strategies [1][2] Group 1: Participants' Backgrounds - Han Jingbo from Henan Chishu Agricultural Development Co., Ltd. has 16 years of experience in the futures industry, focusing on peanut futures since its inception [1] - Huang Liwei, known as "Mifei Agricultural Products," has been involved in futures since 2009, with a strong focus on agricultural products, particularly peanuts [2] Group 2: Trading Strategies - Han Jingbo employs a strategy combining arbitrage and options selling, leveraging his background in risk management and physical trade to make subjective arbitrage decisions [3] - Huang Liwei emphasizes flexibility in strategy, adjusting approaches based on market conditions and utilizing options to enhance capital efficiency and returns [3] Group 3: Risk Management - Han Jingbo maintained a maximum drawdown of approximately 2.2% during the competition, adhering to strict stop-loss disciplines based on absolute amounts [4] - Huang Liwei highlighted the importance of adapting to market changes, using his deep industry understanding to manage risks effectively, keeping drawdowns within acceptable limits [4] Group 4: Value of the Competition - Both participants acknowledged the value of the "Tongzhou Cup" in expanding their trading perspectives and enhancing their market understanding through interaction with other skilled traders [5] - The competition serves as a professional platform for industry participants to exchange ideas and learn from each other, contributing to the growth of the futures market [6]