Today, I bought a bit of brokerage stocks in the A-shares. The brokerage sector is currently the only zone in the A-shares with certain performance and has not experienced a big pump.

As the end of the year approaches, A-share fund managers begin to sell technology stocks, protect profits, and compete for rankings, which is an old tradition.

However, protecting profits does not mean selling short positions, as funds have a rigid demand for holdings. Therefore, they generally choose areas with confirmed performance, good liquidity, and low price increases.

The performance of the brokerage industry this year is very good. This round of brokerage market has been adjusting since August 25 and continues to do so. There is quite a lot of downward adjustment space, and structurally, it is showing an overall decrease in volume.

If you're worried about choosing the wrong stocks, then the brokerage ETF is the way to go. However, it's important to note that brokerages in the A-shares market are typically like a player; they can pump a lot in a short time, but once the price rises significantly, they sell off. They are not meant for a long-term commitment...