Tonight, two cards were placed on the chain to clearly explain the 'direction' and 'discipline'. An address was long on SPCX at 8:10 leverage last night, opening a position of $186 and $18.43 million. After sleeping for a while, it gained $1.63 million in 14 hours. On the other hand, Vida, who shorted 'The Future of Humanity', gave up with a stop loss and lost about 60000 yuan - but still spoke hard, saying that the company is' still extremely overvalued, just the time window is not right '. In addition, the old man who used Starlink to short SpaceX and lost 170000 yuan in the past two days, almost all the people who short this machine this week have been buried. In Texas terms, there are two lessons to be learned here. The first layer is direction: short selling on a target with a clear upward trend and continuously reaching new highs is equivalent to constantly replenishing bets when the opponent has a clear advantage. What you're betting on is not the cards, it's your own 'disobedience'. The second layer, and also the more expensive layer - Vida's saying 'it's just a matter of timing'. Making a mistake and recognizing it immediately is called stop loss; If you read it wrong and call it 'long-term investment' or 'time window', that's not a strategy, but a refusal to admit it. But conversely, don't rush to envy the one who earned 1.63 million: on the eve of FOMC, 10 times leverage essentially means handing over the account to Walsh tomorrow. Earning trend money, carrying the risk of liquidation. I have only believed in one thing over the years: the direction can be wrong, the position cannot be dead, and if it is wrong, the faster it is recognized, the cheaper it will be. Walk and watch. BTC SpaceX