There are also traps in 'not afraid of spot goods'. Sometimes taking spot goods can easily make us relax our vigilance, because we always think that as long as we can withstand it, there will be no problem. The trap here is: 1) Either during that period of decline, you can simply break through the defense and your mentality cannot withstand such a large pullback; 2) Either in the early stages, there is no financial pressure, and there is no good planning and reserve, and when it comes to spending money, if you see that the account has already withdrawn a lot, you have to tear your eyes and cut your flesh; 3) I thought my assets could withstand cycles and fluctuations, but they never got up again. Simply put, I held onto a seemingly good but actually bad asset. How to deal with volatile markets for spot traders, based on my superficial experience: 1) A major trend market is almost over, so it's time to reduce positions. The characteristics of the major trend market in the cryptocurrency market over the past two years are as follows:// ((x.com))/qinbafrank/status/1893636059160015240? S=46&t=k6rimWSEbo2D2TXolYcM-A is also quite obvious; 2) Under the new normal of the cryptocurrency market, https:// ((x.com))/qinbafrank/status/1893628886094885219? s=46&t=k6rimWsEbo2D2tXolYcM-A， The differentiation is becoming more and more serious, and the market performance is generally strong. When the market is weak, there will be a lot of noise, and if there are any signs of instability in small coins, they can withdraw at any time; 3) Position allocation and management are the core, and I have seen many friends around me who have almost all their positions in small coins due to FOMO (thinking there is alpha, but eventually discovering that it is all alpha). In the mid-term of the trend, 70% of the positions are full, in the later stage of the trend, 50% of the positions are full, and after the trend is completed, 30% of the positions are full. Always keep a portion of cash positions in hand to cope with market uncertainty. 4) Identify core assets, abandon illusions about most alphas (possibly - alpha), and if the situation is unclear, even if you want to buy, you can only buy core assets at a low price (which embodies the greatest consensus and strongest growth potential). When the situation is clear and the certainty is high, it is still possible to appropriately amplify the risk preference.