1. The market is always full of uncertainty. It's this uncertainty that brings opportunities and excess returns. 2. Facing today's market conditions, don't be blindly optimistic, nor overly pessimistic. View cyclical fluctuations rationally and avoid emotional decisions. 3. Understand the market's greed cycle and fear cycle. Trends will eventually reverse, and cycles will ultimately return. 4. Don't aim to outperform the market every year. Stay defensive during volatile periods, and let the bull market take care of itself. 5. The most important thing in a bull market is not to be greedy, and in a bear market, not to be fearful. Believing in value is more reliable than believing in trends. 6. Long-term success depends on having the right systematic strategy. Luck might work once or twice, but you can't rely on luck forever. 7. Proper position management is more important than coin selection itself. 8. Capital management determines whether you can survive until the end. Control risk to seize future opportunities. 9. Always respect the market and keep improving yourself. The market is always the teacher, and investors are always the students.