Extending futures contracts has a clever advantage—you can gain extra operational time. For example, I extended a contract from last Friday to February and June, and this 5-month window becomes fully utilized. During this process, chasing highs also becomes a controllable option. At the same time, I also allocate some stocks to hedge risks, such as SNDK's spot position. However, the biggest headache with this kind of strategy is that you can never accurately determine the best exit timing. That’s also why I’m somewhat tired of trading prices—there’s too much uncertainty. In comparison, I prefer to choose longer-term extension plans like 12 months, giving myself enough buffer and room for adjustment.