Chapter 48: Short-term trading in a bear market is a death trap
"Because this has been the routine these days, once it stops one day, it will definitely enter a major upward trend. By then, the price may double in a month or even half a month!" Liu Bin said firmly.
Yao Jiu stared at it for a while.
He was a little anxious, but when he thought about the situation last year when he swore an oath after suffering a huge loss, he calmed down and turned to Li Feng, saying, "Reporter Li, what do you think?"
Li Feng called up the K-line chart of Shanda Games and saw a towering upward curve that continued to extend northward. It also seemed that the trading volume was constantly increasing, and was not affected by the external environment of the market adjustment at all.
With this kind of trend, the stock will either go on a wild ride and rise so high that its parents won't recognize it, or it will plummet and fall so low that its parents won't recognize it.
Gently sliding the phone screen, several news items appeared. Li Feng studied them carefully for a while and shook his head, saying, "I don't understand this stock."
"But I still suggest you invest your spare money in the stock market. Invest a small amount, just for fun. Losing money won't hurt you, so don't take it seriously."
Yao Jiu heard this and chuckled, "Even if you want to invest more, you don't have that much money. It's only a few tens of thousands."
Liu Bin scoffed, "You can't even trade short-term, you can't even read a candlestick chart, and yet you call yourself a stock expert? And you still have the nerve to be a commentator?"
"Oh? So, Mr. Liu is very good at short-term trading?" Li Feng asked indifferently.
"Needless to say? Watch carefully and learn more. I bought this stock at the beginning of the year and made a profit of 20% after seven ins and outs!"
Liu Bin proudly opened the trading software and showed the profit curve. He saw a red line that kept rising and had reached 20%.
The others were shocked and kept looking at it.
You know, since the beginning of this year, not only has the overall market fallen from 2,300 points to 2,000 points, but stocks in various sectors have also plummeted.
Unexpectedly, Liu Bin could actually make a profit, and a 20% profit!
Li Feng took a quick glance and discovered that Liu Bin had made as many as 56 transactions in the past six months. He couldn't help but shake his head.
For new stock investors like this, frequent short-term trading is a big taboo in investment.
Losing money is fine, there may still be a chance to correct it. The most frightening thing is to make money as soon as you enter the market, which will lead you further and further astray.
Until it's out of control.
Seeing Li Feng's nonchalant expression, Liu Bin thought of his beloved goddess, who had been to Li Feng's trading room almost every day to learn how to trade stocks. He couldn't help but feel jealous and challenged him, "What? Still not convinced? I heard you're pretty good at stock trading? What's your rate of return this year? Do you dare to tell me?!"
"Unfortunately, my rate of return is similar to Mr. Liu's, but I cleared my positions in February and just built up one-third of my positions a few days ago." Li Feng also showed his mobile phone.
The profit curve on the mobile phone shows that Li Feng has made a profit of 33% since the beginning of this year, far exceeding Liu Bin.
When the people around heard this, they were also very impressed.
In February, the Shanghai Composite Index was at a high of around 2,400 points. However, due to the "money shortage" in recent days, the Shanghai Composite Index fell below 2,000 points, which is really a good time to build a position.
The timing of clearing and building positions, and the analysis and judgment of the top and bottom of the market, were almost accurate.
Everyone couldn't help but show envy.
Seeing this, Liu Bin was not convinced and wanted to say something.
Suddenly, Gan Yitong walked in and said, "Hey, all the journalists are here, Young Master Liu is here too. What are you talking about? Why are you so animated?"
"Mr. Liu and reporter Li are discussing stocks?" Yao Jiu walked over and said.
"Oh?" Gan Yitong looked at Liu Bin, then at Li Feng, and he already understood everything.
After a brief thought, he rolled his eyes and said with a smile, "Hey, let me suggest this: our company just opened today, and we've also just launched our stock allocation business. How about I host a stock simulation competition that we're holding in conjunction with the Changzheng Securities branch next door?"
"Simulation? Tsk... If you want to play, play for real! Li Feng, do you dare?" Liu Bin shouted.
"Why not?" Li Feng replied.
Gan Yitong was overjoyed and advised, "Don't damage the relationship between the two of you. Stock trading is risky, and fighting will affect your operations..."
"I play short-term trading. I play for the excitement and the heartbeat. What is there to be afraid of? I have read all the short-term trading books on the market and hired several masters to teach me. Just wait and see if you can become a boss! The champion of this real-time trading competition must be me!" Liu Bin laughed.
Li Feng looked at Liu Bin coldly but said nothing.
Playing short-term in a bear market is really seeking death.
If he doesn't die, he will die a great death in the future.
Gan Yitong was so happy that the scars on his face began to distort.
These two people, one is the young master of Qianlin Group, and the other is a well-known stock commentator in a newspaper. If they were to hold a stock trading competition in their own company, it would surely attract countless investors to watch.
By then, the stock allocation business that he had just launched would surely be extremely popular.
"Then it's settled!" Gan Yitong made the final decision and said, "Don't say too much.
The 300,000 live trading competition is scheduled to begin on August 1st. I'll set aside a few rooms for you two to operate and for everyone else to watch."
"When will it end?" Liu Bin asked.
Gan Yitong glanced at Li Feng and said, "You do the short part, and he does the long part. We have to be fair and just. Let's hold the competition for two years. The champion will receive a prize of 50,000 yuan, and the runner-up will receive 30,000 yuan... By the way, this competition is open to the public, and others can participate..."
"Okay!" Liu Bin replied.
"No problem!" Li Feng thought for a while and replied.
"Okay, okay, okay, hey, this is our company's business manual, brothers, take a copy, if you need anything, just tell me, I will definitely give you a discount."
As he spoke, Gan Yitong waved his hand, and the business manager handed over the business manual and a coupon one by one.
The manual was a thin booklet of more than a dozen pages. Li Feng took a quick look at it. It included investments, loans, and stock financing. The investment targets were mostly real estate projects. The interest rates were outrageous, at around 15%. The loan periods ranged from five years to six months.
The other coupon is an interest-free coupon, which allows a loan of 50,000 yuan with no interest for one month.
Yao Jiu held the coupon in his hand and approached Li Feng and said:
"Brother Li, wow, wow, the boss is so generous with this money. He's offering a 50,000 yuan loan with no interest for a month. Should we take advantage of him? Putting this money into Yu'e Bao will bring in around ten yuan a day, enough for a day's food."
Li Feng couldn't help but laugh. Yao Jiu was not good at stock trading, but he was good at making money by taking advantage of others.
However, different paths lead to different people, and this is still a good way to make money.
After thinking for a while, Li Feng said:
"Yao Jiu, if you want to make money, small-scale operations won't cut it. You have to do something big. Open your mind. There are so many P2P companies on the market now. Mobilize your friends and family to make money. If you accumulate a little, it will add up to a lot. This is a good way to make money."
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I would like to use this chapter to commemorate the opportunity to get rich by taking advantage of p2p.
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