Core Insights - The average profit of 22,200 yuan per investor is based on a calculation that includes significant market gains, but does not reflect actual realized profits for many investors [3][5] - The disparity between reported average profits and individual experiences highlights the complexities of market participation and the impact of market dynamics on different investor groups [6][8] Calculation Methodology - As of September 26, the A-share market's circulating market value increased from 77.55 trillion yuan to 94.52 trillion yuan, a rise of 16.97 trillion yuan [3] - Individual investors hold approximately 30.88% of the market, leading to a total increase in retail investor market value of 5.24 trillion yuan, resulting in the average profit figure [3] Traps in Average Profit Calculation - The first trap is that "paper gains do not equal realized profits," as market value increases do not account for transaction costs and taxes [3][5] - The second trap involves "dilution from new investors," as 6.29 million new investors entered the market this year, skewing the average profit calculation [3][5] - The third trap is "structural differentiation," where the market rally is not uniform, with certain sectors like technology seeing significant gains while traditional sectors lag [5][6] Investor Categories - The first category includes "lucky investors in technology sectors," who have seen substantial returns, with some stocks increasing over 100% [5][6] - The second category consists of "long-term fund investors," who have benefited from holding funds focused on high-performing sectors, achieving returns over 80% [6][8] - The third category is "rational investors who understand index trends," who have invested in ETFs and avoided individual stock risks, achieving average returns exceeding 45% [6][8] Common Pitfalls - Investors who failed to profit often held onto traditional stocks while technology stocks surged or frequently chased market trends, leading to losses [8] - The average profit figure of 22,200 yuan is a statistical number and does not reflect individual investment capabilities [8] - Successful investment requires understanding personal strengths and avoiding common pitfalls rather than being swayed by average statistics [8]