It was truly a thrilling night, driving countless people crazy and causing immense suffering, leaving one with a multitude of feelings. I, Xing Daorong, would like to share my perspective. Most of what I discuss here are actually issues of perception; differing perceptions lead to different trading philosophies.

First of all, in order to survive in this market, the goal should not just be survival, but to aim for profit. Otherwise, why come here? If you don't come to this market, you can be certain not to lose money. Therefore, in this market, the goal must be to make a profit; taking action is the best defense. Only by making money can we talk about survival.

In this market, do not be excessively greedy. This specifically manifests as many people wanting to take both long and short positions. But where in the world are such experts? Soros is skilled at shorting, while Buffett excels at going long. Are you truly better than them? Wanting both long and short, wanting it all, is simply ignorant and fearless, and extremely greedy. The fact proves that often, taking a unilateral position, whether long or short, yields better results than those who want both, even in a unilateral market.

One must see the big trends and directions clearly, and not just rely on charts to make trades. Constantly focusing on support and resistance levels and various indicators is almost useless; it's not much different from gambling on the lottery by looking at trend charts. Trading based on charts is just gambling. Many years ago, when I started stock trading, I mastered various indicators and even knew how they were calculated, but in the end, I naturally faced a complete defeat.

So what is not gambling? To make trades with an investment mindset, what does investment mean? It means to look at its long-term income, have confidence in its long-term development, and be able to accept short-term losses. Even in extreme market conditions, it's best to still have some backup. Therefore, at this stage, it is almost like having no sword is better than having one, no longer being obsessed with the gambling of technical indicators.

Many people, although they don't play big, think that they are not gambling, believing that they have the ability to speculate cleverly in the market, but they are actually gambling without realizing it, sometimes betting big and sometimes betting small, and in the long run, they will undoubtedly lose.

Although my order is large, it is an investment. For example, the sol I am currently holding, if it really drops to 100 one day, I can buy back the entire order without being liquidated. As long as there is a day when sol goes back up, that will be the day I profit. Moreover, I have done in-depth research on sol, and it is highly likely that it will go up.

For example, my previous investment in Yitai this year yielded quite good returns in just one or two months. During that time, it did experience a deep correction to over 2100, but it did not affect my investment impact at all. Of course, I am not saying that investment will definitely not fail. Back in the A-share market, ever since I learned about investing, I also encountered a few failed investments. However, as long as I discovered that there was a problem with the investment target, after repeated confirmation, decisively letting go can also ensure that I won't incur too much loss.

In short, investment is a way of trading, a mindset, a way of life, a decision made after comprehensive consideration, and it is confidence.