Actually, the 'Golden Dog' is not hard to recognize; it's often obvious at a glance. But why does the outcome always favor him while you lose?

Winning or losing is not about cognition, but about human nature.

Everyone understands it, but when the market drops, you don't dare to buy, he holds on; during a sharp decline, you collapse, he bears the load; during a long sideways correction, you cut your losses and exit, he still persists.

The cruelest part is, if it truly goes to zero, you lose all your assets, while he only loses 0.1% of his account.

Trading is essentially gambling, but how to 'trade efficiently and with low risk' is a lifelong practice for traders.