These days, my eyes have been infected while swimming, just like rabbits. I can't watch the screen for a longer time, but now it's getting better. Then it was discovered that many of the brothers who ventured into the cryptocurrency industry had made a big mistake in the US stock market, and some had even reached the brink of being caught off guard. Looking back now, in a bull market, "rising while rising" is actually not wrong, and the problem of "leveraging to increase positions" is not significant. The prerequisite is "timely stop loss" and "trading discipline". If one only knows how to leverage without understanding stop loss, and tries to choose the ostrich strategy of carrying orders or turning a blind eye to waiting for blood to return, that is the reason why many people completely withdraw from the table. One of the biggest inspirations for my investment in the past year was my chat with the wizard @ 0xcryptowizard in Singapore at the end of September last year. At that time, he asked me about the impact of increasing assets by 10 times and decreasing assets by 10 times on my life. After careful consideration, I found that increasing the happiness index of life by 10 times does not actually increase much, but shrinking it by 10 times is really uncomfortable So my asset allocation became more and more cautious in the future, even if I leveraged, I would always set a stop loss and always leave enough reserves and bullets. Absolutely not getting involved, not holding a large position to carry orders, living for a long time is much more important than getting another huge profit order to show off performance. This not only saved me from 1011, but also from this major stock market crash. Although I lost some money, it's not much of a pain. I am quite fortunate to see my friends who have gone from huge profits to huge losses, started selling houses, cars, and taking out loans to increase their deposits. Their entire net worth is at risk of going to zero due to their memory stocks. To make money, one must first do a good job of risk management, otherwise over time, a certain pit/black swan will cause the genius with a halo to quietly fall. I still have a positive outlook on the fundamentals of AI storytelling, but it does not affect the short-term market sentiment game. Accepting blood stained chips, building positions in panic or even despair, trading time for space, these unshakable truths are the same in both the cryptocurrency and stock markets.