"Essay 09 - Repeatedly" 1. In recent transactions, there are more losses and less gains, but there are still continuous small position transactions. Today's consciousness is: make money and run, and have no illusions. Yesterday, a coin $stupid was rushed in at a high level, and I earned 20-30% and wanted to fast in and out, but I imagined that it was the next $aura, and then I lost money and left. When everyone is fantasizing that it is the next $aura and is still willing to rush in, it is necessary to give up the illusion and go. What are so many $aura . 2. On the day when BTC plummeted below 100,000 a few days ago, the coins in my hand plummeted, such as the #startup $KLED $PCULE of platform B, these three coins were #startup making money at that time, and I hurriedly came out first. $KLED $PCULE is a loss My thoughts at that moment were that I was afraid that the market would continue to fall, and I was afraid that tomorrow these coins would be deeper, so I thought that I couldn't always take these coins to accompany me in the future, and I should stop the loss if it was broken, and the main right side of the transaction was almost cut at the lowest point, and the second day and the third day #Lauchcoin took the lead in returning to 120 million, 130 million, and several ecological coins were also quickly repaired and returned to the high point. If I hadn't cut the meat at the time, I would have made a profit for two days. So, am I cutting the meat wrong? I think it's definitely a mistake. Here's why: (1) I have been speculating in coins for several years, and I have experienced countless BTC crashes with small coins, and my experience is that good coins will be repaired. I rarely cut meat at such a time before, so why did I cut it that day? My idea at the time was that I was going to switch from a companion to an offensive speculator, from the left side to the right side, and I was afraid of falling deeper and then stopped loss. It is ridiculous to decide to switch identities at the time of the crash and panic. (2) I take a currency that I know very well, fundamentals, profit model, dev level, etc., all of this has not changed, even if you don't increase your position when you are killed by the market, you shouldn't cut the meat. There is an external reason, that is, the BELIEVE platform has caused a long and short game in the market because Ben did not give the token flywheel that everyone expects. LC also fell below 100 million, but I agree with BEN's direction, attract more excellent DEVs to issue coins, and at the same time formulate a reasonable token flywheel. If you approve it, why cut the meat? (3) The BELIEVE platform will continue to be paid for, because there is no better option in the market. Horizontal comparison of some coins in the BELIEVE ecosystem is still good. Even if web2 funds don't bring much, the on-site funds will still choose. That's how I saw it before I cut the meat, not after that. So, in Duan Yongping's words: If the bullish points do not decrease, and the bearish points do not increase, don't pay too much attention to the market price, and the mismatch between price and value is the opportunity. If it were the day of the crash, I wouldn't have cut it based on the above criteria. But at that moment, fear overcame me, and the next time I didn't make a mistake again, that was the biggest value of this loss. 3. Is it right to be patient and wait for a good opportunity to do nothing? I think this is for sophisticated investors, people who know their hitting zone perfectly. If you haven't reached this level yet, you still have to keep groping. Fear of losing money and doing nothing is probably the biggest mistake.