Recently, the market has been on a downward trend, and the overall market sentiment is quite depressed. Looking through various discussions, it's all the same—early Alpha opportunities are becoming harder to find, and it seems everyone is asking the same question: Can we still make money now?

But I’ve noticed that people's focus has quietly shifted. Instead of pursuing maximum returns, more people are now thinking about how to survive and how to lose less. This change is quite obvious.

When I recently adjusted my positions, I could especially feel this mindset. My allocation approach has completely changed—