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My understanding of risk management is position management. After considering the probability of winning, odds, and efficiency, I will appropriately increase my position if it's a quality opportunity. Bear markets naturally form with the cooperation of various macro factors and human nature. Investing in bear and volatile markets is about finding alpha opportunities without beta support. My personal experience is that this type of investment is highly challenging, often like pulling chestnuts from the fire. Therefore, in a bear market, I try to minimize operations; if I must trade, I use a very small portion of my capital.