diff --git a/docs/learn/.mdx b/docs/learn/.mdx
new file mode 100644
index 000000000..876506008
--- /dev/null
+++ b/docs/learn/.mdx
@@ -0,0 +1,15 @@
+---
+title: "Yu Guo"
+slug: "/en/learn/"
+id: "200027"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# Yu Guo
+
+<ArticleMeta id={200027} updatedAt={'2024-08-06 18:34:05'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>Yu Guo, an early senior technical expert at ByteDance, shot to fame online when he announced his retirement at the age of 28. With stock options worth over a hundred million yuan, he achieved financial freedom and now resides in Japan. As one of the earliest adopters of Bitcoin, Yu Guo bought Bitcoin in 2013, leading to substantial wealth accumulation. He is well-known in the investment community for his preference for U.S. tech stocks, cryptocurrency-related stocks, and other crypto assets.</p>
diff --git a/docs/learn/eps-200002.mdx b/docs/learn/eps-200002.mdx
new file mode 100644
index 000000000..b1730563f
--- /dev/null
+++ b/docs/learn/eps-200002.mdx
@@ -0,0 +1,15 @@
+---
+title: "EPS"
+slug: "/en/learn/eps-200002"
+id: "200002"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# EPS
+
+<ArticleMeta id={200002} updatedAt={'2024-07-12 17:59:48'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>Earnings per share (EPS) is calculated as a company's net income divided by the outstanding shares of its common stock. Calculated as follows: EPS = Net Income / Outstanding Shares</p><p>Earnings per share (EPS) is one of the criteria for judging a company's profitability. If the value is higher year by year, it means that the company is making more money year by year.</p>
diff --git a/docs/learn/equity-capital-market--102326.mdx b/docs/learn/equity-capital-market--102326.mdx
index 4ff668ddf..1c02d510e 100644
--- a/docs/learn/equity-capital-market--102326.mdx
+++ b/docs/learn/equity-capital-market--102326.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # Equity Capital Market 
 
-<ArticleMeta id={102326} updatedAt={'2023-09-26 13:59:00'} />
+<ArticleMeta id={102326} updatedAt={'2024-07-12 17:18:51'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-The equity capital market (ECM) refers to the arena where financial institutions help companies raise equity capital and where stocks are traded. It consists of the primary market for private placements, initial public offerings (IPOs), and warrants; and the secondary market, where existing shares are sold, as well as futures, options, and other listed securities are traded.
+<p>The Equity Capital Markets (ECM) refer to the market where companies raise capital by issuing equity securities, such as common or preferred stocks. These securities can be publicly offered (such as stocks listed on a stock exchange) or privately placed (such as stocks issued to specific investors). The primary function of the ECM is to provide companies with a financing avenue to obtain long-term capital to support business expansion, research and development, new project investments, and debt restructuring.</p><p>The ECM comprises two main segments:</p><p><strong>Primary Market</strong>: This is where companies raise capital by issuing new shares for the first time (Initial Public Offering, IPO) or by issuing additional shares (Follow-on Offering). In the primary market, funds flow directly from investors to the issuing company.</p><p><strong>Secondary Market</strong>: This is where existing shares are traded among investors. These transactions do not directly affect the issuing company's capital structure but the performance in the secondary market can influence the company's future financing capabilities and stock price.</p><p>The key participants in the ECM include companies, investment banks, institutional investors, retail investors, and regulatory authorities. Investment banks play a crucial role in the equity issuance process, providing underwriting, advisory, pricing, and other services.</p>
diff --git a/docs/learn/lease-option-101274.mdx b/docs/learn/lease-option-101274.mdx
index e4aff36f8..54f93e3c8 100644
--- a/docs/learn/lease-option-101274.mdx
+++ b/docs/learn/lease-option-101274.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # Lease Option
 
-<ArticleMeta id={101274} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101274} updatedAt={'2024-07-12 18:08:04'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-A lease option is an agreement that gives a renter a choice to purchase the rented property during or at the end of the rental period. It also precludes the owner from offering the property for sale to anyone else. When the term expires, the renter must either exercise the option or forfeit it. A lease option is also known as a lease with the option to purchase.
+<p>Lease option, or lease with option to purchase, is a type of contract for real property (such as a house) or personal property (such as a car) that grants the lessee the option to buy the property at the end of the lease period. Different from a lease purchase contract, a lease option only binds the lessor to sell but gives the lessee the right to choose to buy. When the term expires, the tenant must exercise the option or forfeit it. If the buyer decides not to purchase, they can choose not to exercise the purchasing right and walk away.</p>
diff --git a/docs/learn/max-pain-101276.mdx b/docs/learn/max-pain-101276.mdx
index 753364b79..5ef03d6f1 100644
--- a/docs/learn/max-pain-101276.mdx
+++ b/docs/learn/max-pain-101276.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # Max Pain
 
-<ArticleMeta id={101276} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101276} updatedAt={'2024-07-12 17:13:39'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., puts and calls), and it is the price at which the stock would cause financial losses for the largest number of option holders at expiration.The term max pain stems from the maximum pain theory, which states that most traders who buy and hold options contracts until expiration will lose money.
+<p>The max pain price refers to a specific strike price at which the total value loss of expiring call and put options is the greatest. In other words, "max pain" is the strike price at which the highest number of options (whether calls or puts) expire worthless. The term originates from the max pain theory, which posits that most traders who buy and hold option contracts until expiration will incur losses.</p>
diff --git a/docs/learn/maximum-drawdown--101275.mdx b/docs/learn/maximum-drawdown--101275.mdx
index 564c47ecf..79d087621 100644
--- a/docs/learn/maximum-drawdown--101275.mdx
+++ b/docs/learn/maximum-drawdown--101275.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # Maximum Drawdown 
 
-<ArticleMeta id={101275} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101275} updatedAt={'2024-07-12 17:52:32'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-A maximum drawdown (MDD) is the maximum observed loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum drawdown is an indicator of downside risk over a specified time period.It can be used both as a stand-alone measure or as an input into other metrics such as "Return over Maximum Drawdown" and the Calmar Ratio. Maximum Drawdown is expressed in percentage terms.
+<p>Maximum Drawdown (MDD) is a measure of the largest percentage loss from peak to trough over a selected time period for a portfolio or asset. It is an important risk metric used to assess the downside risk of an investment. The larger the maximum drawdown, the greater the potential loss of the asset or portfolio.</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/.mdx
new file mode 100644
index 000000000..1923fbb78
--- /dev/null
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/.mdx
@@ -0,0 +1,15 @@
+---
+title: "郭宇"
+slug: "/learn/"
+id: "200027"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# 郭宇
+
+<ArticleMeta id={200027} updatedAt={'2024-08-06 18:34:05'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>郭宇,早期字节跳动资深技术专家,因 28 岁宣布退休爆红网络,期权过亿、财富自由,现旅居日本。郭宇作为最早一批接触比特币的人,2013 年便买入比特币,实现了巨大的财富积累。郭宇投资偏好于美股科技股、币圈概念股、Crypto 等相关标的,是投资圈知名人物。</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx
new file mode 100644
index 000000000..a354a10cf
--- /dev/null
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx
@@ -0,0 +1,15 @@
+---
+title: "每股收益"
+slug: "/learn/eps-200002"
+id: "200002"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# 每股收益
+
+<ArticleMeta id={200002} updatedAt={'2024-07-12 17:59:48'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>股东每持有一股普通股所对应的企业净利润。每股收益=净利润/股本。</p><p>每股收益是判断公司盈利能力的标准之一,数值逐年增大,则说明公司一年比一年赚钱。&nbsp;</p><p>&nbsp;</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
index 463af4dd5..723c29e34 100644
--- a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 股权资本市场
 
-<ArticleMeta id={102326} updatedAt={'2023-09-26 13:59:00'} />
+<ArticleMeta id={102326} updatedAt={'2024-07-12 17:18:51'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-股权资本市场是指金融机构帮助企业融资和股票交易的场所。它包括私募市场、首次公开发行 (IPO) 和权证的一级市场;以及二级市场,即现有股票的交易,以及期货、期权和其他上市证券的交易。
+<p>股权资本市场(Equity Capital Markets, ECM)是指企业通过发行股票来筹集资金的市场。这些股票可以是公开发行的(如在股票交易所上市的股票)或私募发行的(如向特定投资者发行的股票)。股权资本市场的主要功能是为公司提供融资途径,使其能够获得长期资本以支持业务扩展、研发、新项目投资以及债务重组。</p><p>股权资本市场包括两个主要部分:</p><p><strong>一级市场(Primary Market)</strong>:公司首次发行股票(首次公开募股,IPO)或追加发行新股(增发股票)进行融资的市场。在初级市场上,资金从投资者直接流向发行公司。</p><p><strong>二级市场(Secondary Market)</strong>:已经发行的股票在投资者之间进行买卖的市场。这些交易不直接影响发行公司的资本结构,但二级市场的表现会影响公司未来的融资能力和股票价格。</p><p>股权资本市场的主要参与者包括公司、投资银行、机构投资者、散户投资者、监管机构等。投资银行通常在公司发行股票时扮演重要角色,提供承销、咨询、定价等服务。</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
index 0eaca37d9..773b9a319 100644
--- a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 租赁期权
 
-<ArticleMeta id={101274} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101274} updatedAt={'2024-07-12 18:08:04'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-租赁期权是一种协议,给予租户在租赁期间或租赁期结束时购买租赁物的选择权。它还禁止业主向其他任何人出售该物业。当期限到期时,租户必须行使该选项或放弃。租赁期权也被称为租赁带购买选择权。
+<p>租赁期权,或称为附带购买期权的租赁,是一种针对不动产(如房屋)或动产(如汽车)的合同,赋予承租人在租赁期结束时购买该财产的选择权。不同于租赁购买合同,租赁期权只约束出租人的出售行为,但给予承租人选择购买的权利。当期限到期时,租户必须行使该选项或放弃。如果买方决定不购买,就可以选择不行使购买权利而离开。</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
index 0f6ee4911..56b36c8c5 100644
--- a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
@@ -1,5 +1,5 @@
 ---
-title: "最大痛苦"
+title: "最痛价格"
 slug: "/learn/max-pain-101276"
 id: "101276"
 hide_table_of_contents: true
@@ -7,9 +7,9 @@ hide_table_of_contents: true
 
 import {ArticleMeta} from '@site/src/components/article-meta'
 
-# 最大痛苦
+# 最痛价格
 
-<ArticleMeta id={101276} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101276} updatedAt={'2024-07-12 17:13:39'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-最大痛苦,或者最大痛苦价格,是指拥有最多开放期权合约(即看跌期权和看涨期权)的行使价格,同时也是股票在到期时会导致最多期权持有人财务损失的价格。最大痛苦一词源自最大痛苦理论,该理论认为,大多数购买并持有期权合约直至到期的交易者都会亏损。
+<p>最大痛苦价格是指一个特定的行权价格,在该价格上到期的看涨期权和看跌期权的总价值损失最大。换句话说,"Max pain"是使得最多数量的期权(无论是看涨期权还是看跌期权)到期时变得无价值的行权价格。这个词源自最大痛苦理论,该理论认为,大多数购买并持有期权合约直至到期的交易者都会亏损。</p>
diff --git a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
index c16d6d1fe..54a2ebdb3 100644
--- a/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
+++ b/i18n/zh-CN/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 最大回撤
 
-<ArticleMeta id={101275} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101275} updatedAt={'2024-07-12 17:52:32'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-最大回撤 (MDD) 是指在组合达到新峰值之前,从峰值到低谷之间的最大观测损失。最大回撤是在指定时间期内衡量下行风险的指标。它既可以作为一个独立的衡量指标,也可以作为其他指标 (如"回报/最大回撤比率"和卡尔马比率) 的输入。最大回撤以百分比形式表示。
+<p>最大回撤(Maximum Drawdown,简称 MDD)是衡量投资组合或资产在选定时间段内从峰值跌至谷底的最大损失百分比。 它是一个重要的风险指标,用于评估投资的下行风险。 最大回撤越大,意味着资产或投资组合的潜在损失越大。</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/.mdx
new file mode 100644
index 000000000..0edde65a1
--- /dev/null
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/.mdx
@@ -0,0 +1,15 @@
+---
+title: "郭宇"
+slug: "/learn/"
+id: "200027"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# 郭宇
+
+<ArticleMeta id={200027} updatedAt={'2024-08-06 18:34:05'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>郭宇,早期字節跳動資深技術專家,因 28 歲宣佈退休爆紅網絡,期權過億、財富自由,現旅居日本。郭宇作為最早一批接觸比特幣的人,2013 年便買入比特幣,實現了巨大的財富積累。郭宇投資偏好於美股科技股、幣圈概念股、Crypto 等相關標的,是投資圈知名人物。</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx
new file mode 100644
index 000000000..e8333b33b
--- /dev/null
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/eps-200002.mdx
@@ -0,0 +1,15 @@
+---
+title: "每股收益"
+slug: "/learn/eps-200002"
+id: "200002"
+hide_table_of_contents: true
+---
+
+import {ArticleMeta} from '@site/src/components/article-meta'
+
+# 每股收益
+
+<ArticleMeta id={200002} updatedAt={'2024-07-12 17:59:48'} />
+<div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
+
+<p>股東每持有一股普通股所對應的企業淨利潤。每股收益=淨利潤/股本。</p><p>每股收益是判斷公司盈利能力的標準之一,數值逐年增大,則説明公司一年比一年賺錢。&nbsp;</p><p>&nbsp;</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
index a0b38ef1a..6afd8d22f 100644
--- a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/equity-capital-market--102326.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 股權資本市場
 
-<ArticleMeta id={102326} updatedAt={'2023-09-26 13:59:00'} />
+<ArticleMeta id={102326} updatedAt={'2024-07-12 17:18:51'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-股權資本市場是指金融機構幫助企業融資和股票交易的場所。它包括私募市場、首次公開發行 (IPO) 和權證的一級市場;以及二級市場,即現有股票的交易,以及期貨、期權和其他上市證券的交易。
+<p>股權資本市場(Equity Capital Markets, ECM)是指企業通過發行股票來籌集資金的市場。這些股票可以是公開發行的(如在股票交易所上市的股票)或私募發行的(如向特定投資者發行的股票)。股權資本市場的主要功能是為公司提供融資途徑,使其能夠獲得長期資本以支持業務擴展、研發、新項目投資以及債務重組。</p><p>股權資本市場包括兩個主要部分:</p><p><strong>一級市場(Primary Market)</strong>:公司首次發行股票(首次公開募股,IPO)或追加發行新股(增發股票)進行融資的市場。在初級市場上,資金從投資者直接流向發行公司。</p><p><strong>二級市場(Secondary Market)</strong>:已經發行的股票在投資者之間進行買賣的市場。這些交易不直接影響發行公司的資本結構,但二級市場的表現會影響公司未來的融資能力和股票價格。</p><p>股權資本市場的主要參與者包括公司、投資銀行、機構投資者、散户投資者、監管機構等。投資銀行通常在公司發行股票時扮演重要角色,提供承銷、諮詢、定價等服務。</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
index 9fd85ac37..ae54309f3 100644
--- a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/lease-option-101274.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 租賃期權
 
-<ArticleMeta id={101274} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101274} updatedAt={'2024-07-12 18:08:04'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-租賃期權是一種協議,給予租户在租賃期間或租賃期結束時購買租賃物的選擇權。它還禁止業主向其他任何人出售該物業。當期限到期時,租户必須行使該選項或放棄。租賃期權也被稱為租賃帶購買選擇權。
+<p>租賃期權,或稱為附帶購買期權的租賃,是一種針對不動產(如房屋)或動產(如汽車)的合同,賦予承租人在租賃期結束時購買該財產的選擇權。不同於租賃購買合同,租賃期權只約束出租人的出售行為,但給予承租人選擇購買的權利。當期限到期時,租户必須行使該選項或放棄。如果買方決定不購買,就可以選擇不行使購買權利而離開。</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
index ea4501254..47e53f32f 100644
--- a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/max-pain-101276.mdx
@@ -1,5 +1,5 @@
 ---
-title: "最大痛苦"
+title: "最痛價格"
 slug: "/learn/max-pain-101276"
 id: "101276"
 hide_table_of_contents: true
@@ -7,9 +7,9 @@ hide_table_of_contents: true
 
 import {ArticleMeta} from '@site/src/components/article-meta'
 
-# 最大痛苦
+# 最痛價格
 
-<ArticleMeta id={101276} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101276} updatedAt={'2024-07-12 17:13:39'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-最大痛苦,或者最大痛苦價格,是指擁有最多開放期權合約(即看跌期權和看漲期權)的行使價格,同時也是股票在到期時會導致最多期權持有人財務損失的價格。最大痛苦一詞源自最大痛苦理論,該理論認為,大多數購買並持有期權合約直至到期的交易者都會虧損。
+<p>最大痛苦價格是指一個特定的行權價格,在該價格上到期的看漲期權和看跌期權的總價值損失最大。換句話説,"Max pain"是使得最多數量的期權(無論是看漲期權還是看跌期權)到期時變得無價值的行權價格。這個詞源自最大痛苦理論,該理論認為,大多數購買並持有期權合約直至到期的交易者都會虧損。</p>
diff --git a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
index 1fface846..0b57c4f19 100644
--- a/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
+++ b/i18n/zh-HK/docusaurus-plugin-content-docs/current/learn/maximum-drawdown--101275.mdx
@@ -9,7 +9,7 @@ import {ArticleMeta} from '@site/src/components/article-meta'
 
 # 最大回撤
 
-<ArticleMeta id={101275} updatedAt={'2023-09-26 13:58:54'} />
+<ArticleMeta id={101275} updatedAt={'2024-07-12 17:52:32'} />
 <div className='border-solid border-b border-t-0 my-4 border-[var(--ifm-color-gray-300)]' />
 
-最大回撤 (MDD) 是指在組合達到新峯值之前,從峯值到低谷之間的最大觀測損失。最大回撤是在指定時間期內衡量下行風險的指標。它既可以作為一個獨立的衡量指標,也可以作為其他指標 (如"回報/最大回撤比率"和卡爾馬比率) 的輸入。最大回撤以百分比形式表示。
+<p>最大回撤(Maximum Drawdown,簡稱 MDD)是衡量投資組合或資產在選定時間段內從峯值跌至谷底的最大損失百分比。 它是一個重要的風險指標,用於評估投資的下行風險。 最大回撤越大,意味着資產或投資組合的潛在損失越大。</p>
diff --git a/last_updated_at.txt b/last_updated_at.txt
index 525b2c3e1..d33312967 100644
--- a/last_updated_at.txt
+++ b/last_updated_at.txt
@@ -1 +1 @@
-1718780160
\ No newline at end of file
+1722940445
\ No newline at end of file