Trump's policies are inconsistent, and the US-Iran situation is unstable; risks are constantly changing. One should remain highly cautious. Even if the market seems to have room for growth, it is essential to strictly adhere to risk bottom lines and avoid blind optimism.

There are both unpredictable black swan events and obvious yet easily overlooked grey rhinos. What we need to be most vigilant about is precisely the process by which grey rhino risks gradually evolve and eventually turn into black swan events.

Making money in the market is never easy, but losses often come effortlessly. Therefore, risk control should always be the top priority.

Control your position size well and appropriately allocate some defensive assets.