The recent market performance has indeed been poor, but it's precisely in these moments of despair that we are best prepared for reflection and review. I greatly admire @yuyue_chris's reflections on the crypto cycle based on his own experience, and I recommend everyone check it out. Also, if you've been experiencing trading setbacks lately, feeling internally conflicted and self-doubting, try looking at it from a different perspective; it might not necessarily be entirely a bad thing. Just as investing is often overlooked, exiting is often met with great fanfare, the barriers to entry for trading will gradually decrease over the next decade. In a future where "everything is tradable," things that were once immovable and immeasurable (such as your credit, attention, emotions and relationships, even personal time) will become quantifiable, flowing like water. Portfolio management will become an essential skill for everyone, just like literacy. You should know that every effort, every hour, and every hard-earned "tuition fee" you invest in and trade now will transform into one of your core competitive advantages in the future. When everything becomes financialized, those who haven't experienced losses will be instantly swallowed up by the volatile waves, while the intuition and strategies you've honed beforehand will be your strongest weapons. Yesterday, @thecryptoskanda jokingly said that my 40-page article represented the current version of the three-way theory: "He cultivates swordsmanship, I cultivate the mind." Indeed, every era has its new rules, but the underlying game, the analysis and exploitation of human nature, has remained unchanged for millennia. No matter how the era "upgrades," there are no shortcuts to this deep self-awareness, and it's not even related to intelligence. It can only be honed little by little through years of experience, reflection after painful struggles. This "mindset" is the most fundamental logic for establishing yourself in the market. Therefore, the earlier you begin to confront yourself, the greater the rewards time will bring. This sense of accomplishment, grown from the depths of despair, will accompany you throughout your life; no one can steal it. Take your time; your future self will truly thank your present self for persevering.

Heroes cherish heroes

National borders change, but the essence of things remains increasingly unchanged.