A transaction can be completed quickly with just a click of the mouse or a few keystrokes on a computer.
The order clerk also has to report the order number and price to the exchange, and so on... A minute or two later, the transaction price has changed.
The price you see at the specified point will generally have a 2-3 point error compared to the final transaction price.
Commonly known as slip point.
Later, as technology improved and computers replaced trading, not only did red and yellow vests lose their jobs, but slippage also gradually disappeared.
Slippage has not disappeared; on the contrary, it has appeared openly in the trading market.
Commonly known as commission or handling fee.
When you've identified a promising price level, you must automatically move the price 2-3 points forward to execute the trade. For example, if you're bullish on the price of 0.03 and want to buy, the trade will be executed at 0.05. If you want to sell, the price will move forward 2 points.
Anyway, that's how the rules are set; if you want to play, you have to follow their rules.
Many people don't understand why this boss, the world's number one madman, would record certain transaction details.
Perhaps the boss is under too much pressure, or perhaps these records will become evidence for his boasting. "Look, back then I controlled over 20 billion US dollars in transactions."
Regardless of the outcome, this bet of the century will certainly be something Xing Baohua can brag about for the rest of his life.
Xing Baohua didn't care about the slow ups and downs. If the price rose a few points today, he would lose tens of millions of yuan, but if it fell back down tomorrow, he would get his money back.
As long as you don't sell any goods, and your margin is sufficient, the price can rise as much as you want.
October 5th.
It seems that the Great American Kingdom is dissatisfied with R's economy and has begun to criticize it, accusing R of buying too little of the Great American Kingdom's foreign debt.
This single, unreasonable accusation even caused fluctuations in the US market.
The Nasdaq unexpectedly surged by 5.5%, immediately triggering a dangerous entry point for one of Xing Baohua's low-priced orders. Several major brokerages called, demanding he deposit additional margin.
Xing Baohua currently has very little capital, less than 500 million yuan, to cover the orders that lack margin.
This guy is truly broke and can't get a loan. It wouldn't matter if he made one or two big mistakes. With so many deals already, he wouldn't care about the loss from this one.
Xing Baohua added an extra 100 million yuan in margin and safely passed the day without any major incident.
The branch office employees saw their boss leave work in a relaxed and cheerful manner. It felt like they were working in a sauna; although there was air conditioning, their backs always felt damp.
On weekends, when the stock market is closed, Xing Baohua takes Su Yaguang shopping in New York City.
A single phone call forced this wealthy vacationer to end his trip and take Suya to the airport to pick up his guests.
Wei Lai Song!
Who knows why this guy came all the way to America to find Xing Baohua?
Two other people accompanied Wei Laisong.
Xing Baohua simply shook hands with the other party at the airport without speaking.
He invited Wei Laisong into his car and asked, "Why did you suddenly come here instead of staying home? Did something happen at home?"
"Don't overthink it, everything's fine at home! This isn't the place to talk. When we get to your place, we'd better check it out. This conversation needs to be kept confidential."
Xing Baohua nodded, then made a call to the hotel's security guard to check the room.
Upon arriving at the hotel, Xing Baohua told Su Ya to go downstairs to the coffee shop for a quick drink while he discussed business first.
The four then held talks in Xing Baohua's guest room.
"This is Liang Weihua, Deputy Director of the Financial Bureau. This is Xue Qingan from the General Office of the Central Government." After they were all seated, Wei Laisong introduced the two people Xing Baohua had brought.
Xing Baohua smiled, but these two came...
Wei Laisong seemed to know something and spoke up for the two, saying, "It seems the higher-ups know you're short of money, so isn't this a gesture of goodwill to you?"
"Thank you..." Xing Baohua quickly said.
"It's not like I'm lending it to you for nothing. As the saying goes, 'A drop of water in need is repaid with a spring of water.' You can pay me back double whatever amount I lend you." Wei Laisong finished speaking and laughed heartily.
Xing Baohua shook his head, both amused and exasperated. How could anyone joke like that, especially with two important leaders in sight?
Wei Laisong also explained the purpose of these two people's visit: they didn't have many US dollars to offer, and could only help Xing Baohua raise around 500 million yuan.
Although it's a drop in the ocean, it's practically the same as not having anything at all.
This can only prevent Xing Baohua from having a few of his trades liquidated, but if the price increases significantly, those that are destined to be liquidated will still be liquidated.
Director Liang took out a small notebook and asked Xing Baohua a few questions while making notes in the notebook.
"Economists from many countries expressed pessimism about this year's economy before the Lunar New Year. What's your opinion?" Director Liang asked.
"First of all, I am not an economist, I am a speculator. I pay some top analysts to help me prepare a report, and how I choose a direction and make a decision depends entirely on my own courage and perseverance."
"You're really bold. Your current funds are four or five times higher than the national reserves. If you were more cautious, you might as well give them to the government," Director Liang said with a smile.
"After this profit, I will give one-third of it to the country." They came all this way to help me, so I should reciprocate.
"If we could come up with 500 million US dollars, how much profit could we make?"
"Hard to say, but it shouldn't be less than a billion, right?"
Wei Laisong's eyes widened, and he hurriedly interrupted, asking, "Double?"
Xing Baohua ignored the man and said to the two directors, "It won't be less than this number, but I don't know the exact amount."
"How confident are you?" Director Liang asked.
“I’m not confident about this! If I lose, I can still set up a street stall, but you two…” Xing Baohua’s meaning was very clear: how could these two be so bold?
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