dkrc Chapter 23 When I'm rich in the future, I'll make you a great general!
Chapter 23 When I'm rich in the future, I'll make you a great general!
Tuesday, October 2019, 9.
Li Chao spent an ordinary day in the classroom.
The stock market is doing alright. The stocks I bought yesterday for a rebound opened lower today, but quickly surged nine points above the opening price and are about to hit the daily limit.
However, Li Chao still chose to leave at the nine points on the water and did not continue to embezzle.
If the price can hit the daily limit today, then he must have sold at a loss, and he can at least get a premium tomorrow.
However, in the eyes of those who are trying to profit from a rebound, today's nine-point increase has already exhausted the potential for a rebound, and further gains would amplify the risk many times over.
Originally, Li Chao thought that today's rebound would be at most three or four points, and tomorrow's rebound would be another three or four points, after which he could run away and not try to break through to a new high.
As a result, it has already broken a new high today.
But if the funds are all aiming to break new highs, why did it open lower?
Would they really need to shake out weak hands after reaching this level?
It's impossible, and unrealistic.
If it had opened at the daily limit down, Li Chao wouldn't have said anything, but it opened at just one point below the opening price, which wasn't even a significant drop.
In Li Chao's model, this situation is most complex during the trading day, and there is even a possibility of the stock price plummeting to the daily limit down at the end of the day.
He earned 11 points in two days, which he felt was enough.
Today's surge to near the daily limit was indeed very strong, but it was only a brief opening surge. If it can maintain its high level throughout the day and close above three points, then he will come back in.
Li Chao could accept being locked out of the market without any opportunity to enter.
Anyway, he has already won a piece of the pie in his mind.
The opening auction will begin at 2:57 PM.
Li Chao discovered that North China Pharmaceutical had strong support at high levels throughout the day, and even closed up by five points, which was stronger than he had imagined.
Therefore, during the closing auction, I placed a buy order at the limit-up price to make another round of arbitrage the following day.
Pullback and overnight arbitrage are two different models.
A rebound is somewhat similar to a second wave of buying high-priced stocks, but not all stocks can achieve a second wave, so it is necessary to have a certain understanding of market sentiment.
Generally speaking, the height of a rebound is often the high point of the first wave, and once it reaches that point, it's about time to exit the position.
The next-day arbitrage is even more unpredictable and involves a greater degree of gambling. You must exit the next day if you make an arbitrage trade, unless the stock price hits the daily limit within five minutes of the market opening the next day.
Normally, you should sell within five minutes of the market opening the next day, even if it means losing money.
Only if a stock hits its daily limit within five minutes is it worth investing in for a whole trading day.
Otherwise, it wouldn't be day trading, but rather trapping yourself.
In Li Chao's view, with such strong buying support today, even if things don't go well tomorrow, there should still be a surge, at least three points.
He could easily come up with that ten thousand yuan; it wasn't a large sum of money.
Before I knew it, my account balance was almost 18,000 yuan. I've made quite a bit of money in the past few trading days, with an overall profit of about 40%.
This is the advantage of having small capital; you're unlikely to be dragged down by your position size.
Large funds face significant challenges in such discontinuous market conditions. Short-term large funds that want to exit essentially only have two options.
Either the price hits the upper limit and then sells off, or it hits the lower limit and then sells off. Only these two price levels have the most buy orders. Buy orders at other price levels are too scattered, so not much capital can be sold off.
Just as the auction ended and Li Chao was about to put away his phone and settle down to study, he suddenly received a call.
The call was disconnected after the screen lit up for only a moment, and the caller was Qin Nuanyang.
Li Chao glanced at Qin Nuanyang, thought for a moment, and then opened WeChat.
Only then did he realize that Qin Nuanyang had sent him several messages.
"Come home with me after school tonight, you hear me?"
"My mom has already gone to buy groceries. If you don't go over, how am I supposed to explain it to her?"
"I've already talked to my mom, and she'll definitely call you back."
"Can't you just do it for my sake? Don't I have any face left in front of you?"
"You have time to check stocks, but no time to reply to messages, right?"
When Li Chao saw these messages from Qin Nuanyang, he knew that Qin Nuanyang had secretly logged into his securities account again to check his trading activity.
This guy...
Li Chao replied, "Didn't I tell you last night? I don't want to trouble Aunt Liu."
"There's no trouble at all. My mom has already rescheduled the classes. It's too late to back out now."
"I clearly told Uncle Qin it was Friday, Saturday, and Sunday. Did you make that decision for me?"
"Is that not okay? I'm doing this for your own good. Look how thin you've become. Don't faint during the college entrance exam. Use this time to nourish your body."
Li Chao: "..."
He's thin because he's still growing.
By his sophomore year, he will have grown to about 186 cm tall.
Li Chao didn't reply for a while, and Qin Nuanyang sent another message: "Can't you just give me some face? I've already been scolded by my parents because of what happened last time. If they find out I played them, they'll skin me alive. Can you bear to see me lose face like that?"
"Hey, hey... How about I give you a few hundred more dollars for living expenses every month from now on? My parents said they'll give me 1,600 a month, and I'll still take 800 as before. The remaining 800 plus 1,500 will make it 2,300 a month. You can save what you don't spend, and you'll have money to pick up girls when you go to college. Let me tell you, chasing girlfriends costs a lot of money. If you don't save some now, you'll lose the right to date in college."
Li Chao: "..."
"Just tell me already, are you going to agree or not!"
After thinking for a while, Li Chao replied, "I can agree, but I have two conditions."
"You have two more?"
"It's easy for you to do."
"Then you tell me."
"First, give me the bank card that's linked to your securities account. Then you need to get a new mobile phone number, re-link the bank card, and give me the SIM card."
"Just these two?"
"This is one!"
"Oh...you don't want me to see you make money, do you? I was just looking, I didn't do anything." Qin Nuanyang expressed her dissatisfaction with Li Chao's behavior.
Li Chao: "Just tell me if you agree or not."
"Yes, yes! Is there one more?"
"Lend me 20,000 yuan."
Li Chao gleaned a crucial piece of information from Qin Nuanyang's words.
That means Qin Nuanyang's living expenses have increased.
He had always been worried about the principal, since the amount of initial capital determined how quickly he could accumulate funds.
Having an extra 10,000 or 20,000 in the early stages is extremely beneficial to him, especially with the upcoming breakthrough dragon, which offers double the potential. It would be a real shame to miss out on it.
Who the hell wouldn't want to have a million in their bank account when they go to college? You can't even make a million from just over ten thousand by the end of your sophomore year.
He doesn't have the ability to get scholarships in college, and who knows, after his true colors are revealed in the college entrance examination, Qin Zhiguo might just cut off all his living expenses.
Qin Nuanyang: "No, what do you take me for, some rich kid? Where am I supposed to get you 20,000 yuan? I only have 200 yuan left in my pocket right now."
"You have to agree first. Since I asked you to lend me the money, I know you can definitely provide it."
Li Chao felt that he was being a bit of a jerk. The other person had kindly invited him to their home for dinner, but he had gone too far and tried to negotiate terms.
It's because he's not even an adult yet.
Qin Nuanyang will have to put up with this for now. When I'm rich in the future, I'll make her a great general!