What is Alpha? 1. Identifying undervalued assets before a trend arrives, buying assets during a bear market and riding the wave during a bull market. 2. Finding excess opportunities within trending markets. 3. Reducing drawdowns during counter-trend markets. Bear markets are for scavenging the fallen, while bull markets are for ambushing opportunities and chasing gains. During flat markets, relax and earn interest by focusing on quality assets and following the trend. Many say just blindly hold ETFs, but most ETFs are actually investing in national fortunes, which are closely related to industry trends. The recent semiconductor boom has driven Taiwan and Korea indices to outperform other countries significantly. If you believe the technology productivity cycle is happening in the US, you should add positions in Q and SOXQ. Back then, it was possible to accumulate Bitcoin under 20,000. Honestly, I don’t really understand much, but since I’ve made money in the crypto industry, I believe I can replicate the cycle again, so I bought in. It can be said that it was a timely opportunity, and many retail investors could participate. On-chain bots weren’t advanced, so using free sniper bots to snatch tokens, leverage funding rates, and cross-chain arbitrage was easy. As the market matures, these early experts are now just amateurs. Recognizing yourself, understanding the market, and knowing the value and price of your investments are key to going further. Gambling also requires knowing when and where to bet. The poor rely on strength, the middle class on wisdom, and the wealthy on timing.