Goldman Sachs's recent research data is interesting. This year, retail investors' average returns in the US stock market surprisingly outperformed many institutions. The underlying logic is actually very simple—when the wave of tariff expectation fluctuations hit in April, retail investors continued to buy at the bottom, while most institutions, in order to hedge against future uncertainties, chose to reduce their positions.

What does this phenomenon indicate? The key for retail investors to win actually boils down to two words: mindset. Don't think about perfectly timing the bottom; that's almost impossible. The real way to make money is to embed left-side trading into your trading system—declines are opportunities, using time to exchange for more room for gains. Institutions focus on risk control and performance pressure, while retail investors can leverage this "slowness" to accumulate chips. When the market rebounds, you've already laid the landmines. This is the advantage of individual traders.