Chapter 54 I Want Ten Times Leverage
"Impossible!" Li Feng refused categorically.
"This 500,000 yuan is for me to pay off my debts. These creditors generously helped me when I became a vegetable. I have promised them that I will pay off all the debts next year."
"I can't let them down, otherwise I'd be considered unkind, unjust, and untrustworthy. I believe Uncle Cui wouldn't want me to become that kind of person, right?"
After saying that, Li Feng looked at Uncle Cui with his bright eyes.
Uncle Cui's eyes unconsciously glanced to the side and he sighed, "Just choose between Xinyue and the village chief. I'm just delivering a message, not trying to embarrass you."
After saying that, Uncle Cui stood up and walked out.
Li Feng stared at the smoke rising from the baking tray, fell into deep thought, and remained silent for a long time.
Uncle Cui's words were likely what Xinyue's parents meant. Was it a disguised rejection? Or a test? I'm afraid the former was more likely.
Nowadays, girls are delicate and Xinyue is the only daughter in the family. I guess Xinyue's parents, after learning about her family situation, are not very willing for the two to date.
Marriage is a woman's second chance to change her destiny.
Every parent naturally wants their woman to get married and live a life without worries about food and clothing.
Not only did I have no house or car, I was also burdened with a debt of 500,000 yuan, which naturally displeased my parents.
Li Feng took a deep breath of cigarette and exhaled. In the air filled with smoke, a vague word "money" was drawn. Everything was caused by money, and everything started with money.
In today's society, everything is about money, everything requires money, and the solution to all problems naturally cannot be separated from money.
If you want to continue dating Xinyue, get engaged, and get married, it all comes down to money.
We must hurry up and make money.
The speed needs to be increased again!
There is currently only 500,000 yuan in the stock account, which is only enough to pay off debts and is far from enough to marry Xinyue.
Li Feng ate slowly and thought quietly. Two hours had passed before he knew it.
It took a long time for Li Feng to return home.
Zhao Xinyue saw that Li Feng looked unhappy, so she asked, "What did Uncle Cui say?"
"Nothing, the conversation went well."
"Okay? No way," Zhao Xinyue hesitated and said, "My mom just called me and said she wants you to pay a betrothal gift of 200,000 yuan and a wedding house, otherwise she won't allow me to marry you. Isn't this embarrassing?"
"Oh? What did you say?" Li Feng turned around and looked at Zhao Xinyue.
Zhao Xinyue bit her lip and said, "I said I will marry you, if it really doesn't work out, we can get married with the baby in our belly!"
"Getting married with a baby? Xinyue, aren't you afraid of being laughed at by your colleagues, classmates, and fellow villagers back home?" Li Feng asked.
"I, I'm not afraid..." Zhao Xinyue said.
Li Feng shook his head, hugged her in his arms, and said, "Xinyue, you are my woman. I will not let anyone gossip about you. Leave the money to me."
Zhao Xinyue raised her head from his arms, her face full of doubt, and asked:
"Feng, you only have 500,000 yuan in your stock account. Are you planning not to pay off your debts? Using this money to buy a house or get married? Then people will say that your family has money to marry a wife but no money to pay off the debts."
"How can you and your family hold your heads up high in the village in the future?"
Li Feng shook his head and said:
"Don't worry, I'll buy the house, I'll pay the betrothal gift, we'll have a grand wedding, and I'll pay back the debt on time."
"Why?"
"I won't tell you." Li Feng smiled mysteriously, then he pushed Zhao Xinyue to the bed and covered her mouth.
The next day, Li Feng entered the Changzheng Securities Business Department early.
"Manager Liu, I have a question. What is the interest rate for your company's margin trading? And how much leverage can be used?" Li Feng asked directly.
"8.6%, one to one."
"Can interest rates be lowered? Can leverage be increased?"
"I've already given you the lowest interest rate. If you want a lower rate, you'll have to look for other companies. As for leverage, I know friends at other companies who can offer a 1:3 ratio," Liu Ying said. She then asked curiously, "Brother Li, didn't you decide not to use leverage? Why are you thinking about it again?"
“Without leverage, making money is too slow. Go up a little and give it a try.”
"In that case, I can ask the general manager to increase it to 1:2 for you, how about that?"
Li Feng pondered for a while and said:
"It's still too low. I won't use leverage easily. If I'm going to use it, I'll do it big. If I'm going to play, I'll have fun. It's worth it."
"How much do you want?"
Liu Ying looked into Li Feng's eyes and saw a hint of madness in them. She couldn't help but feel a little worried. She didn't know what had happened to Brother Li that made him so abnormal.
"ten times!"
"What? Ten times?!" Liu Ying almost jumped up when she heard that.
Liu Ying knows better than anyone what ten times leverage means.
That's the increase or decrease, both multiplied by ten.
If the stock price rises by one point, it is equivalent to a 10% increase in the principal, which means catching the daily limit.
If the stock price drops by one point, it is equivalent to a 10% drop in the principal, which is a limit down.
In case, the stock price drops by 10%, your position will be liquidated directly and your principal will be reduced to zero. If you are even more unlucky, the stocks you bought will hit the lower limit and you will not be able to sell them and close your position. In this case, you will suffer a loss and even lose money to the brokerage firm.
In the market, a stock can easily fluctuate by ten points, not to mention that it is still a bear market, and the stock fluctuations are even more alarming. Not to mention a drop of ten points, drops of twenty points or even thirty points are common.
Li Feng's ten times leverage is not stock trading, it's simply gambling.
No, it's worse than gambling. It's just like throwing money into the stock market.
Beside, Lin Menghan walked over silently at some point. It turned out that Zhao Xinyue was still thinking about what Li Feng said yesterday about making money. She was afraid that Li Feng would do something stupid under the double pressure of getting married and paying off his debts, so she asked Lin Menghan to come and check on him.
At this moment, when Lin Menghan heard that Li Feng wanted to use ten times leverage to trade stocks, her face turned pale with fright.
Using ten times leverage in a bear market is simply like not knowing how to write the word death!
She hurried over and advised:
"Li Feng, are you crazy? Ten times leverage, you're so smart! Luckily Xinyue asked me to come here and keep an eye on you, otherwise, who knows how much trouble you would have caused."
"If you need money to get married, I can sell my stocks and give them to you first."
As Lin Menghan spoke, her heart ached and she almost burst into tears again.
Li Feng looked at her expression and felt moved. He sighed, "Menghan, I know your feelings, but, alas..."
After a pause, Li Feng continued, "My decision to increase leverage by ten times this time was not a whim or a momentary confusion, but was made after careful consideration."
"Think it through carefully?" Liu Ying and Lin Menghan were both surprised when they heard this.
With ten times leverage, how can we talk about careful consideration?
Li Feng smiled and said, "Let's go to the trading room and talk about why I want to use ten times leverage this time."
A group of three walked into the trading room next door.
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