The market has moved past the era of broad-based rallies, characterized by extreme structural divergence. Most people are accustomed to trending markets and find it difficult to adapt to the rules of a ranging market. Unidirectional uptrends like those in the past have become less frequent, replaced more often by "a few days of gains followed by sharp pullbacks," making trend traders highly susceptible to whipsaws.

Trend trading itself hasn't failed; it's just that trends are shorter now.

A decade ago, a main upward wave could last for months; today, many trends last only weeks or even days.

If you still use the old strategy of "holding for months" to handle short-term pulse moves, you will inevitably face continuous setbacks.

The system doesn't need to be overhauled from scratch. The core lies in adding filters, reducing position sizes, and distinguishing between different trend timeframes.

Only by anticipating the anticipation can one achieve long-term profitability in the market.