#WCT #NORMEIS

1. Today I closed the positions I was managing. Invested 1000U, earned 120U. Yield rate 12% (4 days), but overall the followers did not make money, only one person who kept following made less than 10% profit.

In the future, I will try not to open positions in managed accounts unless there is a particularly certain opportunity. At that time, we will see if there are any lucky ones who can follow.

The reason why followers are not making money, besides the previously mentioned high costs for followers (fees, profit sharing, funding rates...) is also because followers do not know what the account manager is thinking, so they often stop-loss early due to "loss aversion".

For example: Previously, there were 4 people following me, but 3 of them stopped-loss during yesterday's losses, only 1 person followed through to the end and ultimately made a profit.

Human fear comes from the unknown. When you are following, you are in the process of the unknown, so either you trust the account manager absolutely, or you shouldn't follow from the start.

2. Recently, there have really been opportunities on-chain, but this time is often the most dangerous. So look more and act less, every meme must go through your own system. I didn't enter any memes today.

The only action I took was to increase my position in NORMIES, but it has dropped back down again. My cost is 1M, I have already recouped most of my investment, and I will just hold onto the remaining hundreds of thousands without moving.

If you ask why, I can only say it’s a combination of system + feeling.

But at the same time, it also relies on a bit of luck. I hope luck is on my side. Grateful, grateful, grateful.

3. Today WCT also opened for trading. It's considered an extra profit; WCT was previously listed on Bitget; and OKX gave bonuses for filling in addresses; Binance also mined a bit. Although it's all just small change, this steady happiness is still very pleasing.

By the way, the results for OKX's small essay competition came out today, and I surprisingly won 100U. I can have many more meals of pig's trotters now. Grateful, grateful, grateful.