Many people ask me why I haven't been tweeting recently.

Because I primarily use Twitter to record trades and share ideas.

I'm not good at generating traffic.

I haven't been doing much trading lately, so I feel like there's not much to share.

The sharing of secondary bloggers must be based on their actual operations, not just what I have called out.

Why have I been trading less?

Because I feel that the current market doesn't have many assets worth taking positions in.

Of course, the frequency of new listings has also decreased a lot.

Or how many people believe they can achieve high returns in a market with depleted liquidity?

Anyway, I am currently making stable profits every month.

This is also the only time in these years when the market has worsened but I am still making a profit.

Today, after seeing a post from Cat Teacher, I want to say that first, you need to clarify your path to making money in the crypto space.

I personally believe:

It is to seize the major hotspots every year and make money when liquidity is at its best.

Not by mindlessly doing high-frequency contracts and opening positions based on feelings.

Like an addiction, operating endlessly.

For me, if there isn't a certain risk-reward ratio, I am unwilling to place a bet.

Many people follow me probably because of which short positions are profitable this year.

A simple reason why I mainly short this year:

The emergence of alpha this year, frequent new tokens, and very few price surges (no wealth effect) mean the market cannot sustain it.

What was the environment like for new VC coins in the last two years? In 2023, TIA surged tenfold in two months, creating a profit effect, and the market was willing to buy, with very few people shorting at that time. Of course, if those people held long, they would likely only have 5% to 10% left.

History has also validated that new coins ultimately lead to a mess.

There is no doubt that during the good market conditions of 2023 and 2024, I was mainly going long, and I made over 1 million each year through new coins.

There is no doubt that the profits from going long are higher; in 2023 and 2024, I have experienced many coins that doubled or tripled in value after purchase.

Being able to adapt to the changes in market conditions in each period is important.

Being able to seize the hotspots of each year and achieve results is important.

Being able to survive in the market and make stable profits every year is important.