The most challenging parts of trading are these: whether you can spot arbitrage or ambush opportunities in advance, whether you can capture market signals in the first place, and once you do, whether you can quickly understand and make judgments.

My own experience clearly illustrates this. At that time, I saw someone calling trades, thought the logic was good, and responded with a comment. But when it came to actually executing trades myself, I was still somewhat half-informed, and in the end, I ended up doing other things. When I asked my friends how they operated, some said they opened long positions, and I said I was waiting for a short opportunity. In the end, I still didn’t take any action.

Finally, I saw someone doing a review analysis, which was the real learning opportunity—whether you can understand the review content and grasp the market logic. This determines the quality of your next operation. Many times, it’s not that you missed the market, but that you get stuck in the chain of monitoring, understanding, judging, and executing.