Bear Market Dollar-Cost Averaging Journal | Day 73

The noise in the market is always loud, but those who truly make money are never awakened by it. These days, I am increasingly convinced of a simple fact: long-term gains come from a set of cold, rigid rules that slowly eat away at impulsive greed and fear.

**How to Do It Reliably**

Dollar-cost averaging must be executed mechanically. Buy U on fixed dates each month, regardless of market ups and downs. But there's a small trick—gradually entering positions at key BNB levels, turning the question from "when will the market bottom" to "buy within the right range," which significantly improves the odds.

Leverage used poorly is self-destructive. My principle is to keep it no more than 3x, treating it as a tool to optimize spot costs, and never use it to gamble on direction. When to act in a bull market is already written into the plan and won't be swayed by market sentiment.

Learning must be systematic. Daily review, cross-cycle trend analysis, tracking data—bear markets are the window for silently accumulating knowledge. This "learning when others don't" difference will show in the bull market.

**Iron Laws Learned from Losing Money**

Position limit at 80%, no more than 20% in a single asset. The remaining U is like insurance—both emergency ammunition and, more importantly, a stabilizer for your mindset. With this fund, your psychological pressure is halved.

FOMO is the biggest killer. Abandon the illusion of "buying the dip every wave." Some projects look glamorous but are out of control; better to sit on the sidelines and wait for the next opportunity.

The core of Define investing is counter-human nature: accelerate buying when the market is desperate, slow down selling when the market is crazy. Easy to say, hard to do—must fight instincts to succeed.

**Current Thoughts**

The true gift of a bear market is not cheap coins, but time. Time allows you to turn "systems" from paper into muscle memory. When the wind shifts, those who are truly profitable are the ones who have built their ships.

This week's dollar-cost averaging data has been recorded. If you're also accumulating according to plan, feel free to share your thoughts in the comments. We use rules to counter volatility and patience to exchange for tomorrow.