"Sister Chen Hong, what did you say? Lock the doors and windows? No, you misunderstood. I locked the doors and windows a long time ago, and I'm not afraid of being alone."
"Sister, I just want to ask you for a favor. Could you lend me some more money? Just 100,000 yuan will do. I promise, I'll pay you back as soon as I make some money."
"What? You need to borrow money, 100,000?"
Upon hearing the amount of 100,000 yuan, Chen Hong immediately sobered up.
"Zhao Yu, tell me first, what do you need the money for? Besides me, who else have you borrowed money from, and when do you plan to repay it?"
I'm telling you, if you're really in trouble, I can lend you some money. But you have to tell me the truth.
Chen Hong thought Zhao Yu had been tricked into joining a pyramid scheme. 100,000 yuan wasn't a lot of money, and it wasn't a big deal for her.
However, she had a good impression of Zhao Yu and introduced her to Yang Wenwen, which led to their collaboration.
This year, after graduating, I became a full-time employee of their travel company.
When the Beijing company was doing its accounting during the Spring Festival, Yang Wenwen and Xiaoyun told her that Zhao Yu was a good worker, hardworking, sincere and diligent.
Not only did she get a job at their company, but she also brought three of her college classmates to join their travel company.
According to Xiaoyun, this child is a talented individual and worth nurturing! She can be arranged to assist Yang Wenwen in managing the company's employees in the future.
Zhao Yu is from Langfang, Hebei Province. She is an only child and a typical only child.
Her father was a junior government official in the area, and her mother sold vegetables at the farmers' market.
This child has followed her mother around since she was little, watching her mother do small business. She is very enterprising. Could she have become greedy and been tricked into getting involved in pyramid schemes?
Zhao Yu had no idea that Chen Hong's thought process was so far ahead. This kid was also quite bold, and he told Chen Hong the truth directly.
"Sister Chen Hong, to tell you the truth, I tried to trade stocks like you, but for some reason, the stocks kept going up and down, and I lost money."
I borrowed 5,000 yuan from Sister Xiaoyun, 20,000 yuan from Sister Wenwen, and 13,000 yuan from other classmates.
My dad gave me 300,000 yuan to make a down payment on a house, but I ended up buying stocks instead.
Sister, we lost over 120,000 out of 338,000. Sister, I can't face my parents and friends anymore.
The stocks I bought have gone up again since yesterday. If you lend me 100,000 yuan, I can make back my losses in less than two months.
Sister, believe me, once I make money, I'll definitely pay you back first, then pay back the money I owed to Sister Xiaoyun and Sister Wenwen, and I'll never buy stocks again.
Waaaaah, I was so scared! A few days ago, the stock price plummeted and we couldn't stop it, but now it's finally rebounded.
I'm waiting for you to lend me money to save my life! Waaah!
Chen Hong was stunned by what she said!
Zhao Yu bought the stock at the end of 2007, when it was 32 yuan per share.
After the purchase, the stock price fluctuated wildly like a roller coaster. By 2008, after several declines and rebounds, the bear market had already arrived.
However, this bear market decline has a great numbing effect; it falls for a few days, then rebounds, then falls for a few more days, then rebounds again.
Most stock investors mistakenly believe this is a normal correction in a bull market, and instead of selling to cut their losses, they go on to buy more shares.
Zhao Yu had this kind of speculative thinking, couldn't see the situation clearly, borrowed tens of thousands of yuan but lost it all.
Chen Hong recalled the media analysis from her previous life, which pointed out the characteristics of the 2008 bear market, where too many retail investors were drowned in the stock market.
Nowadays, retail investors treat stock trading as pure gambling; they are all novices who don't understand how to analyze market trends.
Like ducks swimming in a pond, when the water level rises (a bull market), they are happy to see their net worth increase.
As the water level dropped, the ducks continued to thrash about in the pond, oblivious to the need to get ashore.
By the time the water dried up, they were already stuck in the mud and couldn't climb ashore. They would be left penniless and die at the bottom of the pond.
This group of people has a typical gambler's mentality, always thinking that if they wait a little longer, the stock price will soar again.
There's another group of people who are complete novices. They don't understand how to take profits or cut losses when things are going badly. They just stand there watching their stocks fluctuate wildly.
There's no way around it; this is the psychological journey every stock investor has to go through, and it's a price they have to pay.
Even if a reborn person like Chen Hong has precognition and knows the exact timing of which stocks will rise or fall, she doesn't dare to make a move until the critical point. Instead, she starts selling and buying early on.
When she encounters a promising stock, she will even buy or sell it before knowing the exact time and price.
In the current bear market, she only has five promising stocks that she is still observing and waiting for the right opportunity. She sold all her other stocks in August and September of last year.
To put it bluntly, the stock market is just like marine life; both follow a food chain where big fish eat small fish, small fish eat shrimp, and shrimp eat mud.
Chen Hong currently has billions of yuan in cash flow, and she doesn't dare to buy a single stock if she has no impression of it or is unsure about it.
For a stock market novice like Zhao Yu, Chen Hong could only respond with a "heh."
Lend her money? Chen Hong wouldn't dare! She simply didn't have that kind of guts!
Chen Hong remembered that the stock Zhao Yu bought had fallen to five yuan by October!
If she lends money to Zhao Yu now, she's afraid that not only will she not get the money back, but she'll also receive an invitation to Zhao Yu's funeral.
Zhao Yu is a good person, sunny and upright. She doesn't want to travel all the way to Beijing to attend her banquet!
"Zhao Yu, listen to your sister, cut your losses tomorrow! Don't get involved in stock trading anymore."
To be honest, even if you invested another 100,000, or even 100 million, it wouldn't help. The bear market has arrived!
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