1. No journal, no lesson
If entry thesis isn’t **written**, postmortems lie.2. Liquidity tax
Fire-sales pay in **time**, not just price.3. Caps
Account, mind, and calendar all need **limits**.4. References
[FSA](https://www.fsa.go.jp/en/) for regulatory context; [IMF](https://www.imf.org/en/Home) for macro framing.Disclaimer
This article is for informational purposes only and reflects personal analysis. It does not recommend buying or selling any specific investment product. Investment decisions and responsibility rest solely with the reader. Content may change after the time of writing.