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88.8🧧Recently, there has been a lot of discussion about silver, and the skyrocketing prices have made many people feel FOMO, thinking that if they don't get in now, they will miss their chance.

As an old trader who has been in the market for years, I just want to repeat the harsh truth: never gamble outside your circle of competence, or you will become the best exit liquidity for the opposing side.

1. This is someone else's home court

Many friends who play with cryptocurrencies are used to decentralization, used to looking at project teams and on-chain data. But in the traditional precious metals market, the rules completely change.

Think the leverage isn't high? A single announcement might multiply your margin several times, forcing you to be liquidated while you sleep.

Think buying physical goods can preserve value? During a panic sell-off, the goods you hold may not even have a channel for liquidation, and liquidity can drop to zero in an instant.

For those in the crypto space who are unfamiliar with futures rules, these operations are simply a dimensionality reduction attack. Attempting to arbitrage silver with the logic of trading cryptocurrencies is like trying to play soccer with basketball rules, where the referee is from the opposing side; how can you win?

2. Beneath the hype, there must be a scythe

There is an iron law in the financial market: when even the aunties at the vegetable market and completely clueless retail investors are discussing a particular asset, it is often when the main players are preparing to exit.

Who has fueled the current heat of silver? Are those soaring messages really the wealth-building truths meant for you?

Clearly not. They are meant to create anxiety and to deceive enough liquidity from the high positions where there is a lack of liquidity. The main funds need enough people to rush in and take the goods when they want to withdraw. Who goes in to take it? It's those who see it trending but rush in blindly without understanding the rules.

3. Stay within your circle of competence

Making money in the crypto space is because we understand the emotions here, the technology, and the narratives. But stepping out of this circle and facing a traditional market that has been highly controlled for decades, we become the harvested leeks.

Don't let anxiety over missing out drive you, and don't be envious when you see others making money. In this market, surviving longer is more important than making quick profits.

If you can't understand the underlying games of that market, or the complex delivery and risk control rules, then please control your hands.

Don't let the hard-earned principal turn into someone else's successful exit liquidity. #白银 $BTC

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