The recent market liquidity is truly impressive. Many people have expressed that participating feels like catching a bargain, with low barriers and plenty of opportunities. But this is strange—if it's so easy to make money, are there still so many retail investors losing money in the market?

The logic behind this is worth pondering. High liquidity indeed provides participants with more chances to enter and exit, but ultimately, making money is a matter of probability. Some say they are earning easily because they might have hit the right rhythm; but the reality for most is that even with ample market liquidity, it’s still difficult to grasp the exact right timing.

Who is truly making money, and who is constantly losing—this answer may be hidden in every detail of trading decisions.