Those contract traders who consider themselves superior to Jesse Livermore will surely find their fate somewhat better. They repeat the arrogance of others, and repeat the fate of others. Humanity has advanced its tools, but not its mindset; thus, the market repeatedly replays the tragedies of bygone eras.

When everyone lines up to buy gold, that's when gold peaks. Luckily, there are people calling cryptocurrencies scams every day, otherwise I'd worry the market is over.

I wonder if the big names in the cryptocurrency world who a few days ago advocated that gold would only rise and not fall, and that it could be used as an ATM with high leverage, have all made a fortune.

"Youth, obscurity, and poverty are all great gifts." • Youth means time and space for trial and error. • Anonymity means freedom. • Poverty means drive and focus. The golden age of entrepreneurship and creativity often occurs when resources are minimal, because then we possess the three most precious things: time, freedom, and drive. Of course, this requires a free environment, surrounded by talented individuals, and conducive to creativity.

Is this the work of gods or demons? Can anyone tell me?

Many people around me can no longer bear the market's fud and fear and have handed over their BTC and ETH chips, so the rally at the end of the year is not far away.

Traders need exercise; endorphins are the antidote to excessive dopamine. Traders need reading; serotonin calms a restless mind. Traders need love and companionship; oxytocin grounds lonely souls.

I often receive private messages or forward news from public accounts, claiming to have discovered something major. At first, I'd say, "This happened a few days ago," but later I'd just reply, "Wow," to avoid embarrassing them. These people, like the elderly who love to share health tips, are still waiting for clickbait to feed them secondhand information, and are already behind the times. All we can do is understand and sympathize.

Every industry downturn or trading setback presents a rare opportunity for strengthening yourself. Take this opportunity to systematically study economics, behavioral economics, finance, behavioral finance, and the biographies and methodologies of historical trading masters to strengthen your foundation. Looking back years later, you'll find that the gains often outweigh the losses. During periods of smooth trading and profitable trading, it's often difficult to focus on this kind of solid learning.

Every industry downturn or trading setback presents a rare opportunity for strengthening yourself. Take this opportunity to systematically study economics, behavioral economics, finance, behavioral finance, and the biographies and methodologies of historical trading masters to strengthen your foundation. Looking back years later, you'll find that the gains often outweigh the losses. During periods of smooth trading and profitable trading, it's often difficult to focus on this kind of solid learning.