Is it time to sell it?
It’s already 4100.
Why doesn’t the system allow selling?
Christie was on pins and needles every day.
Logically speaking, she bought early and at a low price, so she didn't have to worry about losing money. Even if the tulips stopped rising and started to fall, at most she would just make a little less money.
But somehow, she couldn't help but feel frightened when she saw the price of tulips fluctuate.
All I could think was, "Sell now, I've made enough money, let's stop!"
However, whenever she hesitated to transfer tulip bulbs, she would remember her promise to the system: "If things develop in line with the prediction, I will listen to you. I will sell them when you tell me to."
She secretly sold the bulbs without the system's order, which is unacceptable.
But I just keep holding it... I really can't calm down!!
I get anxious every day when the market goes up and down. I just can't calm down.
As I was hesitating, I heard a sigh in my ear. "If you don't understand the principle and the risk doesn't match your tolerance, it will be hard to hold on to the end. If you can't stand it and really want to sell, then just sell all the tulip bulbs."
Christie shuddered when she saw the man in the suit. She swore as if she had been caught by an elder, "No! I didn't think of that!"
Yun Luo looked at the host quietly, "Don't feel guilty. I understand how difficult it is to persevere, especially when you don't understand the principle."
"In fact, I generally don't recommend the host to do this, but your situation is too special."
"In recent years, investing in tulips is the only chance to make a fortune. If you miss it, there will be no other chance (until the system leaves)."
“On the other hand, speculation is very simple. Buy, hold, wait until people go crazy and sell everything, and then it’s over.”
Christie clasped her hands together and asked hesitantly, "Then why don't you teach me the principle?"
Yun Luo sighed, "Understanding the principles and actually doing it are two different things. If you only teach the principles, you won't really understand them at first."
"While trying and practicing, you may not be able to seize this opportunity to get rich."
“By the time you master the technique, the opportunity has already been missed.”
Just like when people first encounter a bull market, they often fail to seize the opportunity. Only after experiencing the bull and bear markets and waiting for the next bull market, they know what to do.
Therefore, even if the stock market is bullish, those who can make money are often old investors.
In the rising stage, new stock investors buy and sell, and trade non-stop. However, they are busy but do not make much money. When the market ends and the market falls slightly, not only will all the profits be lost, but they will also be trapped.
Out of helplessness, Yun Luo could only teach step by step.
Fortunately, the operation of the speculative market is extremely simple: buy, wait, make money, and sell.
How much you can earn in the end depends entirely on the host's patience.
"If you try and practice at the same time, you may not be able to seize this opportunity to get rich." Christie believed this.
She wanted to sell the bulbs when the price was 1,400, but now it is 4,100. The price of tulips shows no sign of falling and will continue to rise.
It’s really hard to guess when the price will peak.
What is even more frustrating is that, despite the system reminders, she finds it difficult to persist and considers transferring the bulbs twenty or thirty times a day.
I want to sell when the price goes up, but I am afraid it will fall back later.
When the price fluctuates and falls slightly, I want to sell more, for fear that it will continue to go lower.
Sometimes when I think back on it, I don’t know how I managed to get through it…
Christie: “I think I can hold out for a while.”
The days passed by as I struggled and struggled.
Yun Luo: "After going through a complete round of speculation, you will be deeply impressed when you read and review the psychological process during that period."
Yun Luo: "By then, you will naturally understand what hype is."
Yun Luo: "Before that, if you are interested, I can play a game with you and briefly explain it."
Christie thought for a moment and replied, "I choose to make games."
If possible, she still hopes that she can clearly understand what she is doing.
"Okay." Yun Luo responded, then she pointed to the black box on the table and said seriously, "I forgot to tell you that I actually have super powers."
"Inside this box are three magic pills that can cure any disease."
Hearing this, Christie's eyes lit up, and she couldn't wait to ask, "Can you give me that pill?"
"No." Yun Luo shook his head decisively.
Just as Christie showed disappointment, the man in the suit said, "But you can buy it with money."
Christie perked up. Now she was rich!
"30,000."
Considering the special therapeutic effects of the pills, the initial price was not low.
Yun Luo raised the price without hesitation, "35,000."
Christie's eyes widened. "The item is yours, how can you bid for it?"
Yun Luo: "You can pretend that you don't know that the things are mine."
Christie, "..."
Can you still pretend?
Thinking that the pills could cure a wide range of diseases and save lives at critical moments, Christie gritted her teeth and said, "40,000!"
"43,000." Yun Luo held on tightly.
"45,000!"
…
The two of them made offers one after another, and soon pushed the price up to 100,000.
When the price reaches over $100,000, Christie's quote speed slows down significantly.
She kept calculating how much she owned and the true value of the pills.
At this moment, Yun Luo said nonchalantly, "There are three pills. After you buy them, you can transfer two."
Christie's eyes lit up.
When she resells it to someone else, she can raise the price. In this way, she only pays for it.
If she does a good job, the price of selling two pills will be equal to the price of buying three pills, and she can get a pill for free.
Thinking of this, Christie's offer became decisive again.
The two of them bid and pushed the price all the way up to 200,000.
Christie just made an offer, "203,000!"
Yun Luo smiled slightly, "The things are yours, I'm quitting."
"How do I give you the money?" Christie's face flushed with excitement, and she asked almost impatiently.
Yun Luo: "No need to pay, just open the box."
There are three magical pills in here that can cure all diseases!
Thinking of this, Christie's heart beat wildly and her fingers couldn't stop shaking.
After taking several deep breaths, she managed to calm down and opened the box tremblingly.
She opened the box, took a quick look, and was petrified—there were no pills inside, only a few biscuits.
Christie realized later that this box was clearly used for afternoon tea! No wonder it looked so familiar to her...
Yun Luo: "Do you understand what hype is now?"
Christie looked dazed, "It seems like I understand, but it also seems like I don't understand."
Yun Luo: "First, there must be a transaction object."
Yun Luo: "In the game, the subject of the transaction is the item in the box."
"In order to make others willing to pay a high price for it, I deliberately lied and said it contained a panacea for all diseases."
"When you quote, I deliberately compete with you and push the price up."
"When the price exceeds 100,000, you start to hesitate. So I specifically remind you that you can buy the box first and then resell the pills to others."
"When you are convinced that buying the box is a profitable business for the pen bag, the price will go up. I will stop quoting in advance and give the item to you."
“That’s the hype.”
Christie was annoyed, "I believed you, so I believed there were pills in the box! Otherwise, I wouldn't have offered more than 200,000 yuan!"
"The methods of speculation are all similar. Do you think that tulips are worth selling for 4,100?" Yun Luo asked back, "They just associate it with high-ranking nobles and give it the meaning of 'noble' and 'luxury' to drive up the price, that's all."
Christie said nothing.
She wanted to refute, but when she thought about it carefully, she found that the hype method of tulips was very similar to games.
In reality, the subject of the transaction was tulips.
In order to make others willing to pay a high price for it, someone deliberately spread rumors that this flower is so charming and elegant that even the Duchess is fascinated by it.
The price kept going up for no reason, as if someone was secretly pushing it up.
When the price reached a certain level, some people, such as her father, believed that buying tulips was a sure-win business, so people rushed to buy them, and the price soared further.
…
The more she thought about it, the more Christie shuddered.
I'm risking my entire fortune, but the game I'm playing is actually a bidding game like this?!
Whoever stops before the game ends is the winner. But what about the people who end up buying the flowers? What should they do?
Yun Luo: "When profits reach 20%, capital will be ready to move; when profits reach 50%, capital will take risks; when profits reach 100%, capital will dare to risk being hanged; when profits reach 300%, capital will trample on all laws in the world. (Note 1)"
Yun Luo: "Don't even think about stopping others. Blocking someone's financial path is like killing their parents. You will be hated."
Yun Luo: "When participating in hype, you must be clear-headed and know what game you are playing. Don't be deceived by lies and don't believe in sweet talk."
Yun Luo: "If you are not sure, you can stop playing. In this world, no one will go bankrupt because of not participating in speculation."
"Let me think about it, let me think about it carefully." Christie covered her forehead, feeling her mind was in a mess.
**
January 12, 756, cloudy.
Tulip prices break through 4400.
My father sold the tulip bulbs he bought for 1800 at 4000, and then bought them back at 4400.
"Tulips will continue to grow in value, and will go even higher in the future," my father firmly believed.
I'm sorry, but I cannot agree with this.
When is the high point? When should the game stop? It is impossible to predict.
But I am always ready to stop.
**
4400, 4800, 5500, 6000…the price of tulips rose like crazy!
Some people thought that the price was too high and would fall, so they sold their tulip bulbs. However, after a few days, they saw that the price of tulips not only did not fall, but was getting higher day by day. These people could not help but buy back the bulbs at a higher price.
After repeated attempts, people finally realized that they should just hold onto the tulips and not move! How much money would they lose by tossing and turning?!
At the same time, an explosive news spread throughout the streets and alleys - a rare variety of tulip was worth as much as a carriage!
You know, horses are scarce, difficult to raise, and the price of each one is quite high.
A rare tulip can be exchanged for several horses! This is equivalent to half a year's salary for ordinary people!
Everyone went crazy when they heard the news.
The author has something to say:
Note 1: This passage is a quotation.
In Capital, Marx quoted Dunninger's work: Trade Unions and Strikes, page 3.
Many people think that it was Marx who said this, but in fact he also quoted it.
**
Bitcoin has already been hyped up, so don’t be the one to take over now.
The stock market was also hyped in 2006 and 2007, and many stocks rose dozens of times (ranging from 20 to 40 times).
The stock market skyrocketed from 2014 to 2015, with the increase ranging from 2 to 10 times.
Opportunities are always there, it just depends on whether you can seize them.
[The stock market also has similar speculation. For example, Chongqing Beer announced that it would research a hepatitis B vaccine. Because of this reason, the company's prospects were highly optimistic, and the stock price was hyped up from 8 yuan to 80 yuan. After the hype, the company announced that the research on the hepatitis B vaccine had no results, which led to a nine-day drop in the stock price. Within a month, the company's stock price fell from more than 80 yuan to 20 yuan.]
[There will be a copy later specifically talking about stocks]
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