The Postmortem Went Viral

Pei filled in the trading details people usually ignored: slippage, overnight liquidity, funding accumulation, and headline-driven price shocks. They called it the `Risk Board`. The name was not cool. It was accurate. When he first shared the link, Pei Yanzhou worried nobody would care. It turned out to spread faster than he expected. First a few retail traders who had been liquidated reposted it. Then spot traders started using it to size positions. Later, even people who normally never read long posts started following his writeups. His content did not teach people how to get rich. It taught them how not to die too fast. The group chat grew too.