Whenever a new hot topic pops up, I instinctively want to rush in and take the position, but I realize that attention is the most expensive fuel. The moment rate-cut expectations come out, the US Dollar Index and risk assets are brought back for comparison and analysis, and when someone starts arguing in the group I get restless… But honestly, most “opportunities” are just others needing you to provide liquidity. My clumsy method: only focus on narratives I can explain clearly (ideally, also understand how the benefits are allocated in practice), don’t chase trending topics, and don’t add to positions when emotions are at their fullest. When it comes to proposals/announcements, first see who has the authority and the budget—don’t let a few charts and a couple of slogans lead you astray. Missing out sometimes is fine; staying steady is better than repeatedly getting treated like a leek. Sigh.