Chapter 57 The principal doubled in one day
Before we knew it, it was November 11, 2014, the Singles’ Day.
Just as men and women were selecting products online, the stock market, which had been long awaited, suddenly experienced a shocking market trend.
The Shanghai Composite Index opened higher and directly broke through 2,500 points, setting a new high in three years!
The trading volume of the two markets also soared to 581 billion yuan, which is also a historical record!
The trend of rising volume and price in the market shocked countless investors.
Could it be that a bull market is coming?
However, when seeing the big negative line at the close of the day, many investors hesitated. Then, looking at the trading situation, they found that only more than 200 stocks in the two markets rose, and the rest of the stocks were sideways or falling.
To sum up, only the big stocks, especially bank stocks, are rising, while the rest are falling.
Support the market?
Or is it the dining market?
The stock investors who have suffered losses and cheated repeatedly are like frightened birds, looking at the red and green K-line chart of the market, unable to make a decision.
In the group where Li Feng was, and even in the Hengtong Financial Trading Room where he was, countless people were stunned, and no one spoke for a long time.
It’s not because the market rose above 2,500 points.
But it was because, on that day, Bank of China’s stock price hit the daily limit!
Bank of China convertible bonds rose by 10%!
This means that with Li Feng’s tenfold leverage, his capital doubled within one day!
In one day, he made 500,000 yuan!
"Could it be, could it be that the network is broken?" Lin Menghan couldn't believe it and said after hesitating for a moment.
Upon hearing this, Zhao Xinyue quickly opened her phone and pulled up the stock quotes. She discovered that the quotes on her phone were exactly the same as those on her computer. She couldn't help but shout excitedly, "Menghan, it's not broken! It's real! This is real! Bank of China has hit its daily limit!"
"Really? Really?" Lin Menghan still couldn't believe it. She leaned over to take a look and found that it was absolutely true. She was also extremely happy and said excitedly, "Li Feng, it's reached the limit. Bank of China really reached the limit!"
The several groups that Li Feng was in were quiet for a very long time.
Then someone spoke.
Lao Zhang regretted, "With 10x leverage, the principal can be doubled in one day. I've never seen anything like this before. Oh, I should have bought more!"
Lao Zhou laughed and said:
"Don't regret it. You've always been like this. If the price goes up, you regret not buying enough. If the price goes down, you regret buying too much. Have you bought all the regret pills in the world?"
Li Dian said proudly:
"If I hadn't sold those 200 shares of Bank of China, would it have been able to rise? The credit for this is all mine!"
"Go cool off, you reverse indicator." Lao Zhang scolded with a smile.
Everyone in Liu Ying's group was filled with regret and envy.
Li Feng closed the trading software and said with a smile:
"Dear passengers, the train to 3000 o'clock is about to depart. Passengers who have not yet boarded please board as soon as possible. Passengers who have already boarded please hold on tight. Passengers who have not purchased tickets please purchase them as soon as possible..."
Lin Menghan listened and laughed, "It just rose to 2500 points, and it's already 3000 points?"
Li Feng explained:
"A small ship is easier to turn around, but a large ship is harder to move. Once the monetary policy is set, it won't last for three to five days or three to five months, but at least half a year..."
"Just wait and see. To stimulate the economy, they'll continue to release money. It'll surge and flood all the value gaps. Stocks are just one of them, and they won't be immune."
Zhao Xinyue was overjoyed and asked, "We made so much money today, how are we going to celebrate?"
Li Feng laughed heartily and said, "Today is the Double 11 shopping street. I'm responsible for clearing out both of your shopping carts!"
"Really!" Lin Menghan's eyes flashed with surprise.
"That's great!" Zhao Xinyue also jumped up happily.
The two of them hurriedly got together, turned on the computer, and started choosing, including powder, water, facial masks, clothes, bags, shoes... From morning to afternoon, each of them picked about a hundred or eighty items.
Li Feng smiled, waved his hand, and paid tens of thousands.
The bull market has arrived, and with the support of ten times leverage, this amount of money is just a drop in the bucket.
Liu Bin, who was sitting next door, was stunned by the Bank of China's daily limit and the Bank of China convertible bonds that rose by more than 10%.
After a long while, he turned to Cao Song and asked, "What is our current rate of return?"
In front of Cao Song, there are six huge LED display screens, which he configured with his own money later. Each LED screen can display the K-line pattern of a target.
At a glance, some are charts of the Shanghai Composite Index, some are charts of the Shenzhen Component Index, and a few are charts of several hot topics.
Cao Song looked extremely nervous. He looked at the market trend, then stared at the trend of individual stocks, clicking the mouse back and forth, selling, buying, and even taking out a calculator to calculate for a while.
He heard Liu Bin's order, reluctantly put down the mouse, opened the account, and said proudly:
"Mr. Liu, I've been investing in several hot topics these past few months, and the rate of return has reached 60%! Our principal is now 800,000 yuan!"
This year is a bear market, and this rate of return should be rare in the market.
He should be proud of it too.
"Where's Li Feng? Calculated based on today's market conditions."
Liu Bin pointed at the Bank of China, which had reached its daily limit, on his computer screen and said.
Upon hearing this, Cao Song hurriedly pulled up the trend chart of the Bank of China convertible bonds. He saw that today's Bank of China convertible bonds had risen by more than 10%, and the price was around 115 yuan.
Li Feng’s cost price is 102 yuan.
The yield on each bond was only 12.7%.
However, since he has a tenfold leverage, his current return on principal should be 127%!
His principal is at least around 1.13 million!
"His principal is about...about 1.13 million yuan." Cao Song hesitated for a moment, groaned, and said this astonishing figure.
Liu Bin's face gradually turned livid, and he pointed at Cao Song and scolded:
"You useless piece of shit! I even bought you the latest version of stock trading software. Others only see five levels of market information, but you can see ten. You have tons of technical indicators that others don't have. How come you can't beat Li Feng?!"
"Mr. Liu, I have tried my best. A 60% return rate is already very high..." Cao Song explained with a frown.
"Tall as hell! If you're tall, how come you're not taller than Li Feng?! I wasted my money hiring you! You even claimed to be the champion of the S City Stock God Contest, but it turns out you're just a fake," Liu Bin scolded. "Damn it... I still have to clean up your mess..."
While scolding him, Liu Bin threw out a cell phone and said:
"Here's a 5 million yuan stock account. Find a low-liquidity stock and trade it across the board to increase your yield. Ideally, increase your principal to over 2 million yuan. A small loss in the large account is fine, but the key is to increase the yield in the small account. Can you do this?"
"No problem." Cao Song took the phone, full of confidence.
It is much easier to earn returns through arbitrage trading without considering the cost than to spend a lot of time and effort to trade stocks.
"Stop nagging me! This must be done for me in two months!" Liu Bin cursed.
"No problem, no problem." Cao Song held his glasses, turned around and sat back in his chair and started operating.
Li Bin paced back and forth in the trading room, thinking.
There is still more than half a year before the end of the stock trading competition. If the principal can be increased to 2 million yuan, the rate of return will reach 400%. Li Feng will definitely not be able to achieve this number.
I am sure to win the championship in this competition!
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