Regarding market outlooks and actual trading execution, I have some thoughts I want to share.

Many times, we have judgments about the market, but the specific operations often differ from our initial views. For example, expecting a rebound but not heavily chasing high positions and getting caught; or simply choosing long-term holding, not adjusting arbitrarily despite market fluctuations. Even when using leverage to unwind positions, the approach remains the same—don't rush to cut losses, just wait until April for reassessment.

That said, this approach aligns with the long-term market direction. The key is having a clear stop-loss red line: if the support level is truly broken, then stop-loss must be executed—don't hold on stubbornly.

Additionally, I took out half of the profits early. The benefit of this is that subsequent asset return calculations become less complicated, and psychologically, it reduces some pressure. In asset allocation, maintaining a steady pace is more realistic than pursuing maximum returns.

In summary: stick to long-term logic, execute good risk management, set proper stop-loss levels, and regularly adjust asset allocation—only then can you live more comfortably amid market volatility.