Chapter 8 Don’t be too greedy when investing in stocks

Zhao Xinyue calmed herself down, sat aside, and admitted, "A little bit."

"You're right to be afraid. I'm afraid too," Li Feng said seriously. "Everyone is afraid of losses. It's human nature. But if you want to survive in the stock market, you have to work hard to overcome it."

“Buy when others are fearful, and sell when others are greedy.”

Zhao Xinyue's heart brightened when she heard this, and she blurted out,

"So that's why you chose the blue-chip stocks that everyone despises?"

"That's right, you are a teachable boy!" Li Feng praised, "This is what we call taking what others discard, discarding what others take, using a boat for a drought and a car for a flood."

Zhao Xinyue gritted her teeth and said stubbornly:

"Which one are you buying? I want some too."

"I had to choose between two options. I was choosing when you came. When I saw you, I had an idea. I'll choose People's Livelihood Bank." Li Feng joked.

"Why?"

"Because it not only has good performance, but also has a lot of gossip. It's the only private bank in the market, and the three giants have been vying for it openly and secretly. Boss Shi Yuzhu is also investing heavily in it. Who will win in the end is still uncertain. Isn't that exciting?"

"If there is a market in the future, new investors will definitely choose the most eye-catching one!"

"That makes some sense." Zhao Xinyue pondered and took out her cell phone.

Li Feng stopped her, pointed to the clock on the wall, and said with a smile: "It's already past six o'clock, the market has closed long ago. Besides, if you want to buy, you can't buy now. You have to wait a little longer. You have to be patient when trading stocks."

"Still waiting?"

“Wait until it breaks 2,000 points.”

"2000 points?!" Zhao Xinyue exclaimed in shock, "Will it continue to fall?"

"It's healthier to fall. If it doesn't break 2000 points, there's no room for an upward attack. Without blood-stained chips, how can the main force work? 2000 points must be broken, and then we will celebrate."

"This..." Zhao Xinyue said sadly, "It's not right to celebrate after such a drastic drop. Besides, it might even fall to 1900 points or 1800 points..."

As she spoke, her face turned pale and she asked hesitantly:

"Will it fall below 1664 points? I've been reading a few books and browsing stock forums online these days. Some people say this bear market has no bottom and will definitely fall below the 2008 low of 1664 points."

"How about we wait a little longer? Wait until it breaks 1664 points?" Zhao Xinyue discussed carefully.

"This... hehe... why don't we wait until it breaks 1500 points before buying." Li Feng said, trying not to laugh.

"That's fine. We haven't bought it yet anyway, so we won't lose money if we wait. Let's wait a little longer."

Zhao Xinyue thought about it and said seriously.

"Since we are waiting, in order not to lose money, we might as well wait until it reaches 1400 points. That's not a good idea either. Let's wait until it breaks the 2005 bottom of 998 points before buying," Li Feng said again.

"This..." Zhao Xinyue hesitated.

"Actually... it's safest to wait until the price drops to 0 o'clock before buying. You're guaranteed to make a profit." Li Feng said with interest.

"That...is impossible," Zhao Xinyue retorted.

Then, she felt something and looked up. Seeing the mischievous smile on Li Feng's face, she suddenly understood and said angrily:

"Well, you're playing tricks on me, asking for a beating—"

She punched out with her pink fist and landed lightly. Li Feng struggled exaggeratedly for several times before she gave up.

Sighing, Zhao Xinyue said dejectedly:

"It's such a hassle. It's such a headache. I don't care. I can buy it whenever you want."

Li Feng sat down again, smelling the faint fragrance, and said carefully:

"There's no bottom for a bear market, but that doesn't mean it has no bottom. If it breaks 2,000 points, it will break the psychological defenses of countless retail investors. By then, the index will have limited downward space but unlimited upward space. The odds are extremely high, so it's time to place your bet."

“Don’t be too greedy when investing in stocks.”

Zhao Xinyue also sighed:

"Actually, I understand that the index can't keep falling to zero. I also know that only by overcoming fear can I make money, but I just can't control myself and I'm afraid."

"So, Lin Menghan doesn't like you trading stocks. Actually, I don't want you to trade stocks now. You are too emotional."

Li Feng sighed, "If you persuade others to invest in stocks, you'll be struck by lightning. For many people, the stock market is hell. Once you get addicted, you'll never be able to extricate yourself."

Zhao Xinyue said with shame: "Indeed."

Li Feng saw that she was a little depressed and encouraged her:

"Everyone, including me, has shortcomings. There's no need to blame yourself or feel inferior. You might not be suited to a bear market, but in a bull market, you can really show your talents. If you were to trade stocks in a bull market, your performance would definitely be several times greater than mine."

"Really?!" Zhao Xinyue was a little surprised and a little unbelieving.

"Really? But if you want to survive the bull market, you still have to hold on for a few more years," Li Feng said, crossing out Industrial Bank. Then he pointed to the electronic clock on the wall and said,

"Let's not talk about this topic anymore. Let's talk about what to eat tonight. It's already seven o'clock."

"How about going out to eat?" Zhao Xinyue suggested.

"Very good, approved." Li Jian said proudly.

"You're looking for a fight." Zhao Xinyue punched out with a pink fist.

B City People's Hospital is in the city center.

The streets are full of lights and couples are everywhere.

Li Feng and Zhao Xinyue strolled on the sidewalk, the neon lights making their cheeks red.

"Two skewers of grilled squid?"

A row of small stalls appeared on the street. Li Feng stopped and asked.

"Okay." Zhao Xinyue bit her lip.

"Boss, give me two skewers of grilled squid." Li Feng handed over two banknotes, took back two skewers of grilled squid, and handed one to Zhao Xinyue.

She bit it gently with her pearly teeth, making a "crunch" and "crunch" sound. A spicy and sweet taste appeared in her mouth and flowed into her stomach, making her whole body warm.

Zhao Xinyue felt that this skewer of grilled squid was the most delicious food she had ever eaten in her life.

"Why don't we just go eat spicy hot pot?" Li Feng suggested.

"Eat noodles. Malatang is too spicy. You can't eat it." Zhao Xinyue said with concern.

"There are noodles in the Malatang restaurant, right? Or potato noodles would be fine too."

"It seems... yes."

After walking and stopping, strolling around, and visiting four or five shops, the two finally found a shop that sold both malatang and potato noodles.

"I heard from Sister Lin that you used to be a reporter?" Zhao Xinyue asked with her beautiful eyes flashing.

"Well, I'm a newspaper reporter working for the S City Metropolitan Newspaper." Li Feng said while eating potato noodles.

"Being a journalist should be very glamorous, right?"

"Scenery?" Li Feng was stunned, then smiled bitterly.

"As for the glamorous things, it's really glamorous. Think about it, when a reporter from a city-level newspaper does an interview, which unit at the same level or below doesn't treat him well? However, precisely because it's so glamorous, some people have ulterior motives and tarnish the reputation of being a reporter."

"Now, everyone online is criticizing journalists, with few praising them."

"Be careful when you go out."

"I'm afraid of falling when I walk."

“I’m afraid of car accidents when driving.”

Zhao Xinyue chuckled and said:

"So miserable? I think Sister Lin is pretty cool."

"It can't be compared. After all, it's a TV station with a strong background and good channels."

Li Feng waved his hand and said, "Newspapers are different. I think they will decline in a few years. Now we are in the information society, and online media are becoming more and more developed."

"Then let's change the subject," Zhao Xinyue rolled her eyes and asked, "How did you become a vegetable?"

"this……"

The scene of the car accident that day suddenly popped up in Li Feng’s mind.

That day, he was secretly visiting a company.

After secretly recording the evidence of the company's fraud, he had just driven out and was about to reach the newspaper office when suddenly a car lost control and drove in the opposite direction and hit him.

He would never forget the face of the car driver.

It was ferocious, cruel, and yet had a faint smile.

It was definitely intentional!

A light flashed in his mind.