These days, someone asked me again why I don't chase the rally. Honestly, it's because interest rates are just sitting there: when money has a "risk-free" place to go, everyone's risk appetite shrinks, and my positions also lighten up a bit, helping me sleep better. The crazier the market gets, the more I want to stay calm—don't treat every surge as an invitation from the times.

Recently, social mining and fan tokens have also been quite popular, with things like "attention is mining"... I admit attention is valuable, but it’s more like an emotional lever, amplifying not necessarily value but possibly impulsiveness. Anyway, I first treat attention as a cost—spend less time scrolling, do a bit more boring risk management, and wait until the storm subsides. The so-called "invitation" I mentioned earlier often actually means you're being asked to pay the bill.