1. Decreased margin balance-flowing into the stock market and buying stocks. At this time, the market has improved, and it is likely that it has peaked, and funds have flooded into the stock market, which is also the time when most retail investors are quilted;

2. The margin balance has decreased-it flows out of the stock market and into the bank. At this time, the market is in a downturn, and most retail investors have been trapped in semi-warehouses or Man Cang;

3. Increase in margin balance-outflow from banks and inflow into the stock market. At this time, the market improved and the stock market funds surged. At this time, retail investors are ready to attack;

3. Increase in margin balance-outflow from the stock market and securities being detained. At this time, the market is in a bull market, and retail investors are hesitant to re-enter the market.

The above viewpoint is a common phenomenon observed in wealth management for so long. Non-professional people do professional things, which is the word "blind"! For reference only, it makes people laugh.