I started recording what I was thinking and trembling over during the days of "liquidity exhaustion"… I realized that the biggest benefit of recording is not to review who was right or wrong, but to suppress impulsiveness: Am I again thinking of using leverage to prove myself today? Am I treating "bottom fishing" as an emotional outlet? Now I prefer to survive first, keep my positions smaller, hold more cash, and being able to sleep is more important than buying at the lowest point. Everyone is talking about the expectation of interest rate cuts, the dollar index rising and falling with risk assets—basically, it's about whether the faucet is turned on or off. Before the water arrives, don’t paddle hard, don’t sink.