The project you spent three months researching can’t compare to three minutes of spotting the right market direction—The biggest trap in investment decisions is the illusion that 'the more effort you put in, the more correct you are.' A lot of people have a dangerous cognitive pattern: the more time they spend on a project, a sector, or a direction, the more they believe they’re right. This is a fatal trap in investing. You spent three months researching an L2 ecosystem, tokenomics, TVL trends, and team background—this research gave you a deep understanding of the project, but it also created a deep emotional attachment. When the market starts to drop, your rational analysis tells you 'the fundamentals haven’t changed,' but the market is telling you 'the money is leaving.' You choose to trust your three months of research instead of the market’s real-time pricing signals. You double down, you hold your position, you tell yourself 'it’s undervalued and will come back eventually.' The problem isn’t that your research is wrong—it’s that the price of this project doesn’t depend on the depth of your research. Price is determined by liquidity, market sentiment, macro conditions, and collective expectations—none of these variables are within the scope of your three months of research. You spent your time understanding 'what this project is,' while the market is pricing 'what this project is worth right now'—the gap between the two can never be bridged by the length of your research. So, before making any investment decision, ask yourself one question—if you had only researched this project for three days instead of three months, would you still make the same position judgment? If the answer is no, then your position has an element of 'sunk cost bias.' Remove that part, and what’s left is your true investment logic.