Chapter 15 Shorting the Bear Market



Lin Fan was invited into the VIP room.

The lobby manager did not follow in, but just watched Lin Fan enter.

When I got inside, I found the room was not small, with a desk with a computer for doing business.

There is also a tea table and two sofas for entertaining and chatting with customers.

In this VIP room, there is a sweet female salesperson in uniform.

Seeing someone coming, she quickly stood up and greeted them with a professional smile, "Please sit down."

To enter the VIP room, the starting capital must be five million, and each one of them is a high-quality customer.

Naturally, the treatment they enjoy is different.

The staff at the window outside also worked with a smile on their face.

But it is obvious that the sales staff in the VIP room are more enthusiastic and there is nothing wrong with them.

After sitting down, Lin Fan expressed his wishes.

Open an investment account, enable forex investments, and get maximum leverage.

Very clear, direct and straightforward.

Without saying a word, the female salesperson quickly asked for Lin Fan's identity information and started the query operation.

Soon, the investment account was opened, logged in with a mobile phone, and the password was set and saved by Lin Fan.

Next, continue to open relevant foreign exchange and leverage permissions.

However, after seeing the investment information under Lin Fan's name.

The female salesperson paused obviously.

It’s not that the investment experience is scary, on the contrary it’s very simple.

So simple that there is nothing at all, absolutely nothing!

That's right.

In this capacity, there is no history of investment.

In other words, opening this account marks the beginning of your first investment.

Rush into the foreign exchange market right from the start and open leverage rights?

Isn't this just throwing money into the investment market and giving money to others?

Generally speaking, as long as you don't use leverage, even if you lose money, you won't lose everything.

As long as leverage is used, there is a possibility of a margin call.

Even veterans who have been immersed in the stock market for many years may suffer from bankruptcy and jump off a building.

Often when newcomers are so brave, their ending is not very good.

After a brief pause, the female salesperson suggested, "We have several teachers here who can recommend you. You can learn from our teachers."

"We have both funds and private equity. The risk is low and the returns are good. Last year, the overall return was 12 points."

Recommended by teacher.

Lin Fan smiled and shook his head.

If the teachers at the securities firm are really good, they can just make their own money, so why bother managing other people's accounts?

As for the overall profit of twelve points, Lin Fan looked down on it.

He has a shortfall of 1.8 billion.

At the rate of 12 points of annual return, it will take forever to get enough money.

Not to mention, he didn't have much time at all, only three months!

So, reject the female salesperson's reminder and let her continue.

After a while, the account was activated and all permissions were set.

Lin Fan transferred 200 million yuan into his own account on the spot.

This one move alone shocked the female salesperson sitting opposite him so much that she opened her eyes wide in astonishment.

There are very few legendary figures who have made 200 million yuan by trading stocks.

And there are even fewer people who deposit 200 million yuan as soon as they open an account!

It’s okay for newcomers to jump in and play with extremely risky leverage.

The first investment was 200 million!

Do you want to play it so big?

However, although his heart was in turmoil, his outward attitude became increasingly respectful and humble.

Apart from institutional funds, the only retail investors who can own such a scale are definitely the most respected guests of major securities firms.

Lin Fan asked, "What's the maximum leverage I can have?"

"Leverage can be five times, ten times, twenty times, fifty times, or even a hundred times."

The saleswoman swallowed and added cautiously, "But I don't recommend using too high a leverage. If your position goes bankrupt, you'll lose everything."

"The highest is a hundred times."

Lin Fan was in deep thought.

Generally speaking, for large countries, unless major events occur domestically, the currency market tends to be stable.

A fluctuation of one point in a month is considered drastic.

However, the maximum leverage of 100 times is still too high.

Two hundred million yuan leverages 20 billion yuan in funds for investment, and a one-point fluctuation may cause his position to go bankrupt.

Come to think of it, fifty times is more reasonable.

Use 200 million to leverage 10 billion for investment.

In this way, there is a tolerance of two points, and before something happens in the White Bear Country, even if the currency fluctuates, it will not be too big.

Anyway, according to his understanding, something big will happen in the White Bear Country soon, and the value of its currency will plummet.

His two hundred million yuan is enough to stabilize the fluctuations before the start of this market.

After thinking about it, Lin Fan gave the order, "Use 50 times leverage, buy all, and help me short Bear Coin."

"Buy all...all? Two hundred million with fifty times leverage, that's a ten billion dollar capital investment!"

"A half-point loss would mean a loss of 50 million... Are you sure?"

She was a little confused.

Not only did he deposit 200 million right after opening the account, but this was his first operation and he was so crazy!

Fifty times leverage, and all the principal will be bet at once!

Leave no room for maneuver and no way out!

Even veteran stock investors who have jumped off buildings know that in the investment market, going all-in is the most irrational behavior.

Others make small losses but I go bankrupt.

The first floor often leads directly to the rooftop.

You know, with 200 million leveraged 50 times, a loss of one point is equivalent to a loss of fifty points.

That means losing 100 million, half of the principal!

Once there is a fluctuation of two points, the position will be forced to close, and all the money will be lost!

Although, the foreign exchange market is relatively stable.

But with daily fluctuations of a few tenths, coupled with a fifty-fold leverage, it is still exciting and crazy!

This chapter is not finished yet, please click on the next page to continue reading the exciting content!

Continue read on readnovelmtl.com


Recommendation



Learn more about our ad policy or report bad ads.

About Our Ads

Comments


Please login to comment

Chapter List