On Twitter, it’s often said that "撸毛" (profit-taking) is dead, just like it was said that Bitcoin was dead back in the day.

There is no such thing as a good era or a bad era; investment returns have always depended on three things: risk management, diligence, and patience.
When the market cools down, it is precisely the filtering mechanism at work — eliminating speculators and leaving builders.
True alpha always belongs to those who remain clear-headed, continue learning, and enforce strict risk controls during the cold winter.
When others are fearful, it is the best time to reassess strategies and accumulate knowledge.
There is only one kind of heroism in the world: recognizing the true nature of the market and still坚持做正确的事 (persist in doing the right thing).