You can hold the same asset through two completely different phases, yet end up with entirely different results. Here's the thing: during accumulation, your mindset is patient—you're building, believing, waiting for the payoff. But when momentum shifts and you're suddenly facing massive outflows or temptation to exit, that's where it gets real. Same position. Opposite outcomes. The difference? How you think about what you actually own. Understanding your holdings isn't just about knowing the ticker or the technicals—it's about having conviction. Knowing *why* you got in, what triggers would make you exit, and whether you can handle the volatility in between. That clarity separates the ones who survive capitulation from those who panic sell. Think about it.