Duan Yongping: Retail investors are already at a comprehensive disadvantage compared to institutions in terms of capital, information, and research capabilities.

After the emergence of quantitative trading, this gap has not been narrowed, but has been completely amplified—
You are no longer competing with people, but against models, algorithms, and computing power.

In the past, your opponents would hesitate, be afraid, and make mistakes;
Now your opponent runs 24 hours, has no emotions, and specializes in studying your behavior patterns.
As soon as you hesitate, it's already calculated; as soon as you follow the trend, it's already reversed.
You just felt that "this time is different," but it has already categorized you into a certain type of sample in historical data.

So the problem has never been whether you work hard enough or how many technical indicators you have learned,
And it depends on whether you are standing on a battlefield where computing power determines the winning rate.
In such a market, the biggest risk for retail investors is,
It's not that I don't understand trading, but I still think I have a chance.

Solution:
Try to do it as much as possible.
not good at quantification,
institutions disdain,
But time can be on your side. For example, dollar-cost averaging in Bitcoin.