Tenfold Alpha position philosophy: Use "position mixing techniques" to counter market madness.

If the crypto world is an endless party, position management is that cup of "rational cocktail" in your hand—too strong can lead to overindulgence, too weak can be boring; only precise ratios can ensure you laugh to the end with clarity.

1. Dynamic balance: Be as flexible as a bartender.

Don't put all your eggs in one basket, but also don't shatter the basket into pieces. In the 2025 market, the integration of AI and blockchain, decentralized derivatives, and carbon neutrality concepts are accelerating track rotations. It is recommended to divide positions into "core positions" (long-term value targets) + "satellite positions" (short-term trend targets), with a ratio of 6:4, and adjust dynamically based on quarterly market conditions. For example, if the AI sector is overheating, funds can be replenished to the core position to avoid FOMO (fear of missing out).

2. Stop-loss and take-profit: Put shackles on greed and fear.

"The stop-loss line is your escape pod, and the take-profit line is your parachute." When setting rules, consider the "emotional inverse indicator": when the community shouts "All in", quietly raise your take-profit line; when market panic leads to "account cancellations" flooding the screens, loosen your stop-loss line. Remember, discipline is counterintuitive, but making money is inherently a game for the few.

3. Pyramid scaling: Use "snowball" thinking to amplify profits.

When spotting potential targets, first sprinkle a "seed position", and if the trend is confirmed, gradually increase the amount in layers. For example, initial position 10%, add 7% after stabilization, and add 3% upon breaking the previous high. This "inverse pyramid" structure can capture trends while avoiding standing guard at the peak.

Fundamental black horse selection technique: The "non-consensus hunter" of 2025.

Bull markets create legends, bear markets refine alchemy. The black horses of 2025 are often hidden in "non-consensus" corners—those projects that are briefly overlooked by the market but possess disruptive cores.

1. Track selection: Focus on "fringe innovations".

- Decentralized Physical Infrastructure (DePIN): By 2025, the combination of IoT hardware and blockchain is moving from concept to reality, such as distributed energy networks and decentralized computing markets.

- On-chain reputation systems: The maturity of Web3 social protocols and DAO governance has made "on-chain resumes" a new infrastructure for identity and credit.

- Post-quantum cryptography: As quantum computing advances, preemptively positioning for encryption projects in the post-quantum era may become the next technological singularity.

2. Team background: Be wary of the "halo effect".

Does the founder have experience with successful products? Is the technical white paper filled with ChatGPT-generated nonsense? In 2025, smart money will place more importance on "low-key practical teams"—for example, an anonymous team with core members from major internet companies quietly iterating in the decentralized storage space, instead growing against the trend in a bear market.

3. Token economic model: Reject "paper economics".

Be wary of those tokens that are only used for governance voting or fee discounts. Quality black horse tokens often have a "three-in-one" property:

- Practicality: Such as paying gas fees or purchasing on-chain services;

- Revenue rights: Sharing protocol income or earning interest from staking;

- Governance leverage: Holders can directly influence key ecological decisions.

Ultimate philosophy: Be a "clear-headed outsider" in the crypto world.

In the crypto world of 2025, AI quantitative robots, sentiment analysis tools, and on-chain data monitoring have become standard, but real Alpha belongs to those thinkers who practice "anti-automation":

- Rejecting the "KOL syndrome": Instead of chasing trends, it is better to dive into niche communities and sniff out early signals from developer discussions.

- Utilizing "asymmetric information": For example, if a certain project sees a sudden surge in GitHub code submissions while Twitter has not yet promoted it, it could indicate a strategic opportunity.

- Regular "position decluttering": At the end of each quarter, conduct a mandatory review, cutting off positions that have lost their profit logic, just like trimming unnecessary branches from a potted plant.

Those who understand have already followed and liked, allowing newcomers to continue getting lost in the noise. I am a first-principles crypto trader; see you next time!

(Note: This article does not constitute investment advice; the market is risky, and decisions should be made cautiously.)