The phone screen suddenly lit up in the dark, and the continuous vibration notification broke the silence. I opened my sleepy eyes and saw that the trading community had popped up a dozen @messages—all from the same ID: "Night Sailing Boat".

"Teacher, it blew up again" "Why is it always me?" "This time I really lost my contract"

I clicked on his liquidation screenshot: Bitcoin broke its previous high, and he went all in short, with 100x leverage, a position value of 370,000 U, and the liquidation price was only 0.3% higher than the opening price. A slight fluctuation in the market instantly brought it to zero.

This was already his seventh liquidation in three months. I reviewed his trading records: always chasing highs and cutting losses, always fully leveraged, always reversing at market turning points. The most ironic thing is that last week he had opened a long position at a low point, made a 3% profit, and hurriedly closed it—missing the subsequent 200% increase.

"Do you think the market is targeting you?" I called him. On the other end of the line was a stifled sob: "I studied all the technical indicators, stared at the market for 18 hours a day, why..." "Because you are always fighting with the market," I interrupted him, "but you have never talked to yourself."

That early morning, I showed him my trading log: March 12, 2020, lost 83% during a crash, vomited for half an hour in the bathroom; May 19, 2021, closed the long position early to avoid a crash, but got washed out too early from a counter short; November 2022, FTX collapsed, arbitrage position had a daily drawdown of 42%...

"True transformation is not learning to conquer the market, but learning to accept your own incompetence."

The first action I taught him was not to watch the market, but to keep accounts:

Before each trade, handwrite a risk assessment form, use a simulated account to test emotional thresholds, and if profits exceed 20%, withdraw 10%.

Three months later, he sent me a new screenshot: the account net value curve finally no longer had the sharp ups and downs but was a steady 30-degree diagonal line. The latest note read: "Traded 3 times this week, stopped loss on 2 trades, profit-loss ratio 2.8:1"

Last night Bitcoin surged again, and he unexpectedly didn’t send a message asking about it. Early in the morning, I took the initiative to ask him: "Didn’t you chase the long position?" "I’m waiting for a pullback confirmation," he sent a coffee emoji, "the important thing is to stay alive, not to party."

I know that the gambler who used to collapse in the early morning has finally learned to sleep peacefully in the storm.

Before, he was stumbling alone in the dark, now the light is in my hands.

The light has been on, will you follow? @币来财888