The cheapest thing in a bull market is 'Alpha.' Because for every coin that goes up, someone can always come up with a perfect logic after the fact. What’s truly scarce is: Do you dare to write down how much you’re willing to lose before buying? And after it goes up, can you distinguish whether it was your skill or the market Beta giving you a lift? Core positions keep you alive. Alpha positions keep you excited. Just don’t mix up these two functions.