In the A-share market, the interests of institutions and retail investors are naturally in conflict. Brokers, Public Offering of Fund and other institutions' income source is commission. Brokers earn commissions by trading, and funds receive commissions by size. Under the guidance of this interest, brokers will advocate day trading in various ways, create various concepts, hot spots and themes, and invite you to the urn.

Institutions will try their best to build a cattle base and keep buying stocks with the best returns, regardless of the risks behind them. After all, as long as the funds come in, there will be a commission.