The understanding of retail investors in the financial market is essentially a slaughterhouse for top institutions.

Here, the understanding curve and the profit curve must be directly proportional; even if in the short term, luck causes the profit curve to deviate from the understanding curve, in the long run, it will tend to stabilize.

Just like gambling, this time there was a profit, but next time or the time after that, losses will return, so the essence of trading is also the monetization of understanding.

Why do most people end up losing? Because most people do not learn or think. In other fields, this may not be so obvious, but here it's either profit or loss; if you do not learn or think, your profit curve will vividly reflect your level of understanding.