Analyzing the market is an art, making profits from trading is a skill.

After so many years in this market, I've seen too many veteran traders with over a decade of experience, yet they still can't maintain consistent profits. Sometimes I think, this really is quite a pity. I myself have narrowly escaped a margin call and gradually figured out some patterns. Today, I want to share my understanding of this phenomenon in the most straightforward way.

To put it simply, most people are completely misunderstanding the truth of trading. They live as analysts rather than traders. These two roles are worlds apart.

Do you want to be an analysis master, or do you want to make money?

I've seen many such people: fundamental analysts who can explain every economic data point convincingly, with storytelling skills that are top-notch; technical traders who draw colorful candlestick charts and fill the screen with indicators, but end up unable to see the trend clearly; some even use macro policies, capital flows, and astrology gossip—truly all-encompassing.

These people's analysis skills are indeed impressive. The problem is—analysis and making money are fundamentally two different things.

The analyst's job is done before placing an order; their role is to help eliminate fears about the future and provide a seemingly reasonable reason. The trader's real job begins at the moment they press that button. Those who truly make a living from trading focus on the risk-reward ratio, seeking trades with a positive expected value.

The key insight I had: fully accepting uncertainty

My turning point in trading was when I truly understood this sentence—the market itself is completely uncertain. This realization, at least, blocks 90% of traders.

Too many people spend their entire lives searching for certainty, only to exhaust themselves and gain nothing. The traders who can actually make money are precisely those who accept the unpredictability of the market. They no longer try to predict; instead, they learn to manage risk amid uncertainty and build sustainable trading systems.