After browsing the discussion forums, traders who shorted silver futures this year without a risk management system might really blow up their accounts for life. In the crypto world, people trading Bitcoin and Ethereum still have bullish expectations as support, but those silver futures players never expected to face such a situation—this wave of market movement has already reached a historically unprecedented short squeeze scale. Just looking at the data, you can feel how deeply the extreme market volatility has impacted accounts lacking defensive capabilities. This is also a lesson: no matter which market you're in, without a stop-loss and position management system, encountering such black swan events, personal capital can be completely lost.