Today, my apprentice called me from the underground parking lot holding her phone, her voice trembling: “Sister! The cryptocurrency market has collapsed 828 million in 24 hours, with BTC accounting for 280 million, and global stock markets are also falling. Should we liquidate everything?”

I opened the market software, and indeed, everything was in the red, except for precious metals, coal, and bank stocks which barely showed some gains, but panic solves nothing. I told her to hurry to the office, pulled her down to sit and said slowly: “This drop is caused by three things coming together. First, two regional banks in the US, Zions and Western Alliance, exploded with loan fraud, their stock prices fell over 10%, the KBW Bank Index hit its biggest drop in half a year, and the market is afraid of another ‘Silicon Valley Bank’ situation. The panic index VIX shot up to 25.31, and all the money rushed to gold, pushing the gold price to a new high of over 4300 dollars.”

“Then there’s trade; the US is again shouting about imposing a 500% tariff on China. Although it has no practical significance, it adds to the chaos. Plus, the US government has been shut down for three weeks, losing 15 billion every day. Everyone has lost confidence in economic recovery. And the AI tech stocks and blockchain sector that rose too quickly earlier are now deflating, and institutions are withdrawing funds to buy stable assets like banks and oil.”

The apprentice frowned and asked, “Could there still be black swans?”

I chuckled: “The worst is probably this much. Think about it, the impact of the bank failures will gradually be digested, trade frictions are likely just talk, and the government can’t stay out of work forever, right? Moreover, interest rate cuts are already on the way; even if it’s just 25 basis points, it will release liquidity. Investors won’t keep their money tightly clenched forever.”

As I spoke, I opened the trading software and taught her how to adjust the pyramid orders: “What we practiced before ‘stability’ is going to be useful now; don’t panic with the market. There’s room to pick up cheap chips when the market is down; just buy in batches and manage your positions well. Did you forget? We went from 13,000 U to 450,000 before, relying on staying steady when others were panicking, right? Be confident, let’s keep practicing this time!”

People often ask me if I’m willing to mentor newcomers, and I always say: my light is always on. Those who are willing to walk towards the light and learn earnestly will naturally see it.