In this market cycle, the saying "spot does not fear, not selling does not lose" can be regarded as the biggest lie. It is merely a way for investors to self-hypnotize.

In reality, market risks are ever-present; whether holding spot or other assets, one is by no means outside the realm of risk. The truly unbreakable eternal iron law is effective risk control.

In a bull market, investors compete to see who can achieve higher returns. At that time, the market is optimistic, opportunities abound, and profit growth seems to become the main theme of investment.

However, once a bear market arrives, the market environment rapidly deteriorates, and asset prices continue to decline. At this point, the competition is about who has the greater ability to survive in a harsh market.

Survival means preserving strength, means holding firm in the winter of the market, waiting for the arrival of the next spring.

In 2025, a year filled with unknowns and challenges, I sincerely wish that both you and I can become that resilient hunter.

Successfully navigating through the thick fog of the market, enduring the difficult years of the bear market, and steadily living to the moment when the dawn of the next bull market appears, ready to embrace new investment opportunities and continue writing our own wealth chapter. #美国加征关税