Have we reached the bottom? Are we going to surge after Christmas? Some say there will be a big drop later.

Recently, this is the question I’ve been asked the most.

The situation behind this question is that everyone still has some capital; they might have hesitated to buy during the previous sharp drop and are now afraid of missing out. If they don’t buy now, they worry that prices will continue to fall, making it impossible to acquire cheaper assets.

Perhaps this reflects the situation of most people behind the question? How to solve it?

The answer is—one can only rely on oneself to persuade oneself.

At any stage, no one can definitively say whether we have reached the bottom or the top. Anyone who still harbors this speculation is investing based on imagination.

I have reduced my position by 40% at the adjusted level mentioned earlier, and I am still waiting for the remaining 60%. I expect there is a high probability of extreme panic before the year ends.

If that doesn’t happen, then I would have returned to the equivalent amount of assets I had before reducing my position, which means I won't miss out.

If the expected panic arrives, then I will continue to add positions based on the pre-set conditions and plan the next steps at that level.

There are no predictions, only a mechanical and cyclical repetition.