Control your position's flexibility well; only when there are more suitable opportunities do you have bullets to shoot.

Only take profits when it's time to defend and when it's time to take profits. Currently, doing some swing trading in the secondary market is quite good.

Additionally, the secondary market is relatively difficult because there are too many stocks; each sector has dozens of varieties. First, categorize some major narratives or minor narratives within two months and focus on a few. If you look at too many and want to chase everything, following this person and then that one, it's definitely hard to make money.

Now let's talk about cycles.

The most important thing in investing is to understand cycles. The laws of cycle operation are like waves; there are ups and downs, there is prosperity as well as recession, there is depression and recovery, just like the changing of the seasons, akin to a four-year cycle for Bitcoin.

I believe that true investment masters are not those who can profit from both long and short positions, nor those who buy at the bottom and sell at the top, or those who claim to make multiples on-chain in a month. Instead, they are those who understand and can navigate cyclicality, standing at the right moment when even pigs can fly. Conversely, when the wind passes, only the pigs that are not prepared will fall.

In this impatient market, while pursuing rapid wealth, one must always think about not letting oneself fall easily. There are too many thoughts and ideas, too much impatience and aggression, which often leads to ugly failures.

Like the 2000 times compound interest of the Dragon King. It is not like the short, urgent, and fast wealth of a straw mat, but rather long, slow, and stable. This is about grasping cyclicality and mastering trends.

There is a saying, 'To carry great virtue is to bear much.' The ability to bear is important; to gain something, one must have the corresponding ability to carry.

For me, the ability to bear includes virtue, cognition, experience, and mental cultivation. In investing, being at the right moment is very important, but the ability to navigate that moment is even more crucial. Having the ability to bear and understanding cycles is essential for long-term gains.