1. There are subscription fees and redemption fees for every fund transaction, which add up to about 2% of the subscription amount, while the stock rate is generally a few thousandths.

2. Each subscription and redemption period of the Fund is 3-7 days, and the stock is T+ 1 day. It is impossible to think in the short term. Such a long time is enough for a stock to start in a short time, and the time has passed.

3. The fund entrusts a professional fund management team to allocate a relatively stable portfolio according to the provisions of the fund contract, that is, to buy a basket of stocks (the number is far more than the number of stocks traded by individuals), which determines that the fund cannot conduct short-term operations through a few stocks like individuals.

Generally speaking, it takes at least one quarter to test the operation of this fund in theory. In fact, 1-3 years is generally an investment cycle.