From "Think before you leap" and "Stay focused" to this chapter, the theme I want to emphasize is patience, because I am in a market full of opportunities and risks. I won't lose the possibility of getting rich just because I miss a project, nor will I become instantly wealthy by focusing too much on one project. It all depends on my level of understanding, whether I carefully analyze the project, simulate all possible outcomes, decide when to cut losses, when to take profits, study the project's business model, and understand the token economic model.
For projects with questionable value, I need to consider the background of the project team and whether the project is truly innovative. If a project is a derivative of a previous project, then everyone will have expectations about its outcome. Therefore, for such projects, I should refer to past projects carefully and not expect too much from them.
For example, the Gosleep project has no difference from the previous StepN project, and everyone involved knows that the final outcome is that early entrants reap the rewards, while latecomers lose out. I know it, and others do too. But I didn't enter early enough. This is the objective reality. Looking back at my entry into Gosleep, I was eager to get in after hearing someone mention it in a group chat at night, without conducting thorough research on the project or even fully understanding its gameplay. From the past to the present, my investment philosophy has not improved, and I have always been so impatient. I need to stick to my investment principles Patient.