It's time to make a simple summary. So far this year, the U.S. stock market has yielded a net profit of 275%, with September alone reaching 45.9%, going directly from 188.5% to a total account return of 275%.

Reviewing the entire year's trading, I actually did two things right: first, during the extreme panic in early April (ETH1400-1500), I chose to build a large position, and subsequently only added the remaining position during the major corrections in May and June. Second, I maintained my strategy until after August 13, when the probability of a rate cut in September exceeded 90%, and began to gradually reduce my positions. From June to August, there were almost no operations, and after the first reduction of 15% on August 13, I gradually reduced my positions, and even today, I am still choosing to reduce, with no purchases in between.

So far, there is still close to 30% of my position left, mainly in a few well-known holdings: semiconductor SOXL, Tesla double TSLL, Nasdaq triple TQQQ, S&P triple SPXL, and I have already cleared out Nvidia double NVDL at the 180 position.

To briefly introduce the position building situation in April, we called for building positions for a long time in early April, almost for a month, and at that time had not yet shared in the square; this is what has only recently started to be posted. Members who followed us during this wave have basically been reaping the benefits, living every day in the fear of rising prices. At that time, several core points of contention had reached a very tense level: first, tariffs; our mutual tariffs of 125% had already reached the limit; second, the expected rate cut in April was canceled; third, the Israel-Palestine conflict broke out to the most terrifying level, with missiles being exchanged daily; and fourth, the U.S. debt crisis appeared to be on the verge of exploding during that phase.

With these four factors converging, the U.S. stock market began to plummet from April, directly driving the S&P down to 4800. At this point, many people thought it would continue to crash, that the U.S. stock market was finished, that America was finished. However, in my eyes, everything had already reached the worst point, and everyone still expected further declines. There were not many who dared to buy at this time. This was the opportunity.

I will focus on introducing the rhythm of building positions and the judgments on reducing positions in subsequent discussions. Please be patient.