True growth rarely occurs in favorable circumstances, but more often in adversity. When making money, we easily feel that everything is our own strong ability. As the market continues to rise, many things will be covered up, such as cognition, risk control, luck, leverage, and even luck will be packaged as strength. As long as there are many "big gods" in a bull market, I wrote a special tweet a long time ago, and any market with speculation is no different in this regard. Only when the callback comes, many halos will be shattered, and the god will also be found not wearing swimming trunks. Who really has a system, and who is just lucky; Who truly understands risk, who is just charging all the way through the warehouse; Who is worth learning for a long time, and who is just a lucky winner in the bull market, will gradually emerge at this time. Actually, I have experienced several cycles in the cryptocurrency industry before and have also stepped into many pitfalls. The biggest lesson is not to mistake your ability for surpassing the market just because you make money in one cycle. Many people become gods in bull markets and gradually step down from the pedestal in bear markets. So I increasingly feel that every major pullback is actually an opportunity to recalibrate myself. Re evaluate what kind of trading style and rhythm is suitable for oneself, and also re-examine one's fear, greed, and execution ability. Growth is essentially a process of constantly revising oneself. Another feeling is: It is actually easy for people to become addicted and give when they receive positive feedback. Smoking, drinking, staying up late, and even constantly scrolling through your phone every day require almost no effort. The real difficulty is quitting. Even if it's just holding a melon seed in your hand, when inertia forms, it takes willpower to stop and not eat another one. Transactions are the same. When making money, everyone is willing to stare at the market for more than ten hours because dopamine constantly stimulates you to continue betting. But when they actually lose money, the first reaction of most people is to close the software, not want to watch, not want to face it, as if as long as the account is not opened, the loss will not exist. But unfortunately, this is the most important time for a serious review. Because only when you are losing money can you truly see your fear, greed, luck, and obsession. After the market rebounds, you may have forgotten why you made that decision and missed the best opportunity for correction. Many times, our biggest gain is not how much money we make when we make money, but what we learn when we lose money. The market will not reward you for a single profit, but it will benefit you for many years through a true reflection. The US stock market is a much larger pool than the cryptocurrency industry, where not only value investing but also speculation exists. There is no need to overly beautify or even mythologize the stock market. If you decide to make trading your lifelong career, the recent fluctuations will only be a brief period of practice. Keep your mindset calm and face them well.