I sold 20% of my position in Ethereum yesterday: The market is always between ups and downs, and people only need to act and restrain themselves Two viewpoints—— 1) Seven moves, four years without moving: the position management method of an old leek! 2) The recent decline of Ethereum is for a better upward trend! Yesterday, I told my old friend that I had released a portion of my own space (about 20% of the space) at 4700; Someone asked me if I felt like it had reached its peak? I said of course not, I think it's not selling at 20% when it's over. Just reaching a psychological price point, Lao Jiucai's intuition and rules told me that I can partially take profits. The valuable experience of Lao Jiucai lies in—— The perception of the market will be higher: This perception, of course, is not able to predict the future, but can hear the inner whisper when emotions heat up: you can make some profit at this stage; Then, one can firmly adhere to the rules they have set, unaffected by other factors, and not easily disturbed by external noise and FOMO. I remember that during the four years from the bull market in 2021 to 2025, I only operated 7 times. At that time, I was criticized for my lack of proficiency, but little did I know that every operation was driven by careful consideration and perception; Of course, I think 7 times is already too many, because if you don't operate twice, you will earn more! This is just about the operational thinking of a bull market. We should act less and observe more, but when we reach a certain strategic position, we must act decisively. This is the biggest experience from the previous rounds! Also note: This does not mean that I believe Ethereum will not rise! I am not bearish on Ethereum. If I am bearish, I will have fully withdrawn my position. I still have a large amount of positions, which may be more than all of you: I am not surprised that Ethereum has achieved an unexpected price in this round, as its fundamentals continue to grow—— This cycle of withdrawal, I think it will allow more people to get on the car without any psychological burden. If I fall to a good position, I may even buy it back! Currently, what I see more is—— one ️⃣ The fundamentals continue to strengthen: two ️⃣ The supply and demand structure is being restructured: three ️⃣ ETF expectations have not been fulfilled yet: four ️⃣ Narrative is on the rise: five ️⃣ Change in preference for funding style: ETH is not a "hot project", but the foundation for all structural opportunities in the next bull market. Holding ETH is not a "bet on doubling", but a "bet on not choosing the wrong cornerstone in the era". So I will do well in both position management and expectation management—— One is warehouse management, ensuring that one has bullets and safety mats; The second is expectation management, not fantasizing, not being greedy, and earning what one can earn. Finally, let me explain why this type of operational advice was not tweeted before. During the eight years of writing, I deeply felt the evil of human nature. In the face of sensitive prices and buying and selling, sincere sharing often leads to misunderstandings, and public expression can easily become a target of attack. So I only share with friends who have good relationships with me! Be yourself and wait for the flowers to bloom!