Every time you choose to add positions at a high price point, it requires a special kind of courage. Where does this courage come from? It actually stems from confidence in your own understanding.

Many people hesitate at the bottom of a bear market, but hesitate when the market rises and prices hit new highs. But those who truly understand the market know — adding positions at a high point is precisely the moment that tests your investment mindset. At that time, the charts look beautiful, FOMO emotions run rampant, but the risks are also the most real.

So the key question is: Are you betting on short-term price fluctuations, or are you paying for your understanding of this asset and this track?

The former will be repeatedly taught by the market. The latter can transcend cycles.