This weekend was quite exhausting. I returned to my hometown to handle some matters. When I got home in the evening, I took a look at the K-line and took half of the profits from the short-term long position I entered on Friday evening, leaving the profits to continue running. Sitting in front of the computer, I reflected on my experiences over the past period, and it seems that this year has really passed quickly. Unconsciously, with less than 70 days left until the end of 2025, I feel like this year has been tough for the company's business. With three quarters gone, half of the stores are in the red, and with the impact of the Xibei incident, it is estimated that by the end of the year it will be in vain. Looking at the crypto space, things were good before the National Day, with BTC unexpectedly reaching a new high. However, after returning from the holiday, it experienced a significant drop on October 11, and the profits from both main positions and altcoins have also retreated significantly. If you say there’s no annoyance or worry at all, that would definitely be false. It’s just that after spending a long time in this circle and experiencing countless ups and downs, and witnessing various kinds of situations, my immunity has become relatively strong. The crypto space in 2025 has indeed changed. As an old player, I can't help but sigh at how capital is increasingly brazen in harvesting retail investors. Just a few days ago, in a subscription update, I posted a picture of the little son of Chuan Jianguo, and a friend asked what it meant. Pay more attention to the news; this little guy should have risen to the ranks of the richest post-00s through the harvest on October 11 and even bought a yacht! All thanks to his father, Comrade Chuan Jianguo. By 2025, this narcissistic and unpredictable beautiful nation's president is expected to have led his family to harvest over $10 billion in wealth in the crypto market and U.S. stocks. How much liquidity did $10 billion take away from altcoins? For players in the crypto market, it truly fits the saying, "Success is due to Trump, and failure is also due to Trump." Recently, I mentioned in an update that Taco trading is quite popular. Have you heard of it? This is a slang that has emerged in Wall Street circles, specifically describing a crazy script that puts the global market on a "roller coaster." Taco originally refers to a Mexican wrap, but in the financial field, it is an absurd new term, an abbreviation for "Trump Always Chickens Out," which translates to "特朗普总在最后关头怂了" in Chinese, and in Cantonese, it translates to "只七头次次临尾缩沙." This meme was first coined by a columnist from the Financial Times to ridicule that familiar formula and familiar taste. I have gathered some materials from foreign media to discuss whether TACO trading is something ordinary people can directly copy or a potential pit that could explode at any time. If you understand it, you might find more clarity in this magical and complex market. The entire TACO trading strategy is mainly divided into four steps: Step 1: Make tough statements. Trump suddenly fires shots on social media, saying he will impose heavy tariffs on someone. (Trading: Quickly follow up with short positions.) Step 2: The market panics. The global market falls in response, everything turns green, and everyone is scared into selling. (Trading: Gradually complete profit-taking and leave the market.) Step 3: Sudden reversal. A few days later, he casually says, "Let’s put this on hold" or "Conditions can be negotiated," or even completely drops the subject. (Trading: Set up long positions.) Step 4: Market celebration. The alarm is lifted! The stock market immediately reverses in a V-shape; no matter how badly it fell before, it bounces back high. (Trading: Gradually complete profit-taking and leave the market.) This kind of "extreme pressure" followed by "lift high and let go gently" is exactly like the story of "the wolf is coming." And the so-called "Taco traders" are those who have understood this script and buy at the bottom when the market is terrified, waiting for the calm to sell leisurely. Reflecting on this, how many times have we experienced these "roller coaster" trends caused by tariffs or impulsive statements this year? You might think this is a joke, but looking back seriously, we've actually been on various roller coasters several times, generally occurring on weekends in Asia or Fridays in the U.S. Just take the recent October 11 crash as an example; the same tariff script was foolishly replayed. The market was in panic, blood flowed like rivers overnight, but two days later, the mainstream coins returned to roughly the same prices. Although compared to the market in the first half of the year, the overall decline in the financial markets after October 11 was not as panic-stricken, with the S&P 500 dropping 2.6% in one day and BTC's actual drop being less than 8%. Some smart players even understood the routine and made big profits. However, in the relatively loosely regulated crypto space, the main players smartly seized this rare opportunity, clearing 99% of the altcoin players' contracts and staked tokens. I believe that over 80% of old players would never have imagined this black swan script of clearing one-time contracts. Would you say this isn't a pre-designed strangulation plan? Would the top capital players who are colluding to manipulate the market not know? I would never believe that. Why can this routine be repeated? Why did most financial markets rebound quickly this time? Is there smart money in the market that has figured out the rules? What logic is behind this? In my personal view, there might be three reasons: 1. Retail investors also grow; Wall Street is full of smart people. In the crypto market, during the first "the wolf is coming," everyone really believed it, and the panic index shot up to 18 in April. When the wolf howled again in November, the panic index peaked at only 22. What does this indicate? There is indeed a considerable number of players who have "learned well" and are not easily manipulated. Many smart investors took this drop as a "discount promotion," waiting for you to call out, ready to jump in and quickly realize profits. 2. The team behind Chuan Jianguo has seen the reality. The president can make tough statements, but if tariffs are truly to be implemented, the interests and troubles involved are too great. The domestic fiscal issues, departmental efficiency, and government shutdown in the beautiful nation are all headaches for the president. Therefore, tough statements are more of a bargaining chip at the negotiation table rather than true explosive threats. 3. The big bosses in the East do not indulge you and do not follow your script at all. While Chuan Jianguo applies extreme pressure, the East remains quite calm. The spokesperson from the East keeps repeating the same few sentences: "We don’t want to fight, but we are not afraid to fight." This calm attitude, instead, reassures the market and prevents panic from spiraling out of control. Will this kind of script appear again in the future? Can we use this TACO trading logic to prepare for the next unexpected event? If I have time tomorrow, I will...