Traders with real trading records are the ones worth deep conversation. Their capital curve fluctuations are a real-time broadcast of psychological quality, and changes in positions conceal the core logic of position management. The extent of drawdown directly exposes the true level of risk control, while a continuous profit curve that spans bull and bear markets is the ultimate answer to trading cognition. Instead of discussing theories, it is better to learn from real accounts—this is faster than reading a hundred trading classics.

Simulated accounts are fairy tales; real accounts are the battlefield of reality. True traders understand: the fluctuation trajectory of a three-month real capital curve is more convincing than millions of theoretical analyses.

• High-frequency traders have a curve that generally rises at a 30-degree angle.

• Trend hunters' accounts may remain flat for months but spike at a 90-degree angle when the market moves.

• Day traders' accounts trigger a red alert if a drawdown exceeds 2%.

• Swing traders control maximum drawdown within 15%.

• True masters of risk control keep their accounts intact even after ten consecutive losses.

(Note: If you encounter traders with real accounts, be sure to cherish them! Every trade they make is a living textbook, containing the ultimate code for survival in the market.)