Chapter 66
On February 10, 10, 1995, the 11th day of the first lunar month.
Half an hour before the closing of the futures market, Fu Zhengyi, who had been staring at the market, was relieved to see that the order he had placed in advance had been sold at the lowest price of the day.
From the seventh day of the first lunar month to today, in five days, his account funds have reached more than 7 million. After deducting nearly 4 million principal invested, he made nearly 80% of the profit in less than a week. It has been a critical step since he became a millionaire.
The effect of leverage is really amazing.
Although the 327 varieties have not fluctuated much in the past few days, even a dime price difference will affect the principal fluctuation of 5%. Therefore, even if Fu Zhengyi, who has been confirmed to be moving forward according to the original trajectory, is still a little guilty and short of breath when making money.
This is twenty times the leverage!
I just used 40% of the warehouse to operate!
He stared at the trend chart quietly, watching the open short, long, closed positions, and double flat numbers kept refreshing in the lower right corner of the screen. Fu Zhengyi, who was pursing his lips, slowly frowned.
In his memory, the time when the 327 breed was completely crazy has not arrived yet.
On the craziest day, a company made a final struggle to recover the losses. At the opening, it made a desperate bet on two million short orders. However, such a huge short order was instantly eaten by the longs, which also caused the company to lose more than 1.2 billion after the closing of the day. If the market fluctuations the next day, the company's short orders held by more than 1.6 million short orders would cost the company as much as 1.6 billion!
It was on that craziest day that a large securities company lost as much as 5.6 billion yuan, and eventually went bankrupt and was merged by other securities companies. However, its losses made many speculators make a lot of money and profitable.
In this rare feast, what exactly is the goal you really want to achieve?
After five days of operation, with the current standard leverage of twenty times, Fu Zhengyi was sure to have more than 10 million yuan in funds to become a glutton and enjoy the madness of the last day!
However, with more than 10 million yuan of funds alone, he could at best make himself a profit of 20 million yuan in the last two crazy days.
Is it enough?
According to initial expectations, it was already overdue.
But can you be content with such a feast of nearly 10 billion yuan and only obtain less than 30 million profits?
Faced with the price line that would no longer fluctuate, Fu Zhengyi couldn't help but fall into deep thought.
The redistribution of billions of wealth is just a little bit, and Fu Zhengyi feels that he will not be willing to do so.
He knew who the vested people who participated in this feast were, and he knew more about how rich some of them would become in the next decade, and what kind of endings some of them would have.
Everyone wants benefits.
But no one wants to bear the risk.
If you swallow the most plump piece of flesh and blood, you will inevitably have to bear the heaviest consequences.
The greater the funds to start, the more feasts you can participate in in the future.
But before the strength is not enough to support a powerful and unafraid of attacking financial empire, the greater the wealth, the more it will become the noose that strangles oneself!
The redistribution feast of nearly 10 billion wealth, except for profit distribution at the company level, if it is less than one percent, will it not become the target of attention?
If you want to obtain that 1% of your wealth, the leverage ratio must be increased to more than 80 times and operate with 80% of your position.
The additional margin system can prevent him from withdrawing more funds to settle.
what to do?
Fu Zhengyi was thinking.
One is the borrowing of off-market funds. The interest is calculated in daily life, and in terms of its own fame and status, the operation process must be under supervision.
No, he cannot explain his predictions in this way, let alone how he can accurately predict the daily price, and even more so that he can't explain his prepayment orders.
Reduce leverage and obtain slightly lower expected returns?
This is a safe way.
But, he was unwilling to accept this!
There is clearly a piece of fat that is fat in front of me and I want to take as big a bite as I want. But I can force myself to add a limit to let myself eat less?
Dongdongdongdongdongdong!
The sudden knock on the door made Fang Dagang and Xiong Jianjun, who were sitting at the door, stand up and look through the peeping hole. Fang Dagang said strangely that there was Liu Meijia outside, and a strange middle-aged man.
Fu Zhengyi, who had packed up his thoughts, asked Fang Da to open the door. As soon as he saw the middle-aged Fu Zhengyi, he stood up and greeted with a smile. "Uncle Hu, why are you here?"
Fang Dagang and Xiong Jianjun, standing on both sides of the gate, had a burly figure and a look that was not a good person, which made Hu Yaguo immediately frowned and showed a suspicious expression. After thinking about it, he walked in and said, "Justice, I have something to say to you in private."
The appearance of Hu Yaguo surprised Fu Zhengyi. Seeing that Liu Meijia, who was standing at the door, had no intention of coming in, he understood that this was Hu Yaguo asking her to lead the way, so he would find himself here.
There was no secret that could be told. After smiling at Fang Dagang, Fang Dagang took Xiong Jianjun out with him and closed the door with soundproofing effect.
There was air conditioning in the futures trading room, so Hu Yaguo saw the unnatural bulge of Fu Zhengyi's left shoulder. After coming over to sit down, he asked the reason with concern.
Fu Zhengyi never thought of telling others about the long-distance bus, so he said that he accidentally twisted his shoulders when he exercised and had to close it, which was why he did this.
Seeing that Hu Yaguo was still worried, Fu Zhengyi, who smiled and moved his shoulders, endured the pain and said, "Uncle Hu, you see, this is almost done. Don't say that when you go back, I'm hiding from many people when I came to the Demon City this time. If Hu Yatong finds out, maybe something will happen in the school..."
"As long as you're fine, Uncle Hu didn't expect to meet you this time, but since he knew you were there, I'm going to talk to you, I know that your profits this week are very good, but Uncle still wants to warn you, the futures market is more cruel than the stock market, and the winner is probably a matter of a moment, so Uncle thinks you still need to stop when you see it..."
Seeing that Hu Yaguo's eyes fell on the computer screen on the desk, Fu Zhengyi explained his opinion.
The total amount of treasury bond issuance in 1992 was only more than 20 billion, but in recent years, the pressure of inflation and the country's interest subsidy, from a macro perspective, the country still needs to continue issuing treasury bonds, so it is inevitable to subsidize interest for old treasury bonds.
Fu Zhengyi, which is profitable in treasury bond futures, was explained from several aspects, which made Hu Yaguo understand that he was not just doing treasury bond futures, but that he had a deep understanding and research on treasury bond futures, so he could sit here and make a lot of profits.
From the macro market to the changes in the financial structure, from the significance and necessity of interest subsidies, the market situation gradually talked about. Fu Zhengyi, who was talking freely, made Hu Yaguo, who was listening carefully, secretly amazed, thinking that this was not the high school student who didn’t know much about futures operations before the New Year. It was a bit too high to say that he was a financial expert, but the analysts from the financial background in Taihua Securities definitely knew more than the young man in front of him, understood deeply and thought thoroughly!
"Just, since you have shown your talent in this industry, you, Uncle Hu, are not clear about many things. It seems that Uncle Hu cannot convince you. It's just that as an elder, a veteran, a securities practitioner who will not harm you, I want to give you a last word, risks are everywhere!"
The earnest teachings, sincere and without interfering with interests, touched Fu Zhengyi a little, and he also felt that Hu Yaguo did not continue to speak the persuasion.
After the serious talk, Fu Zhengyi was asked when he would go back to school. He joked that if he could really make money in the futures market, why should he continue to stay in school and receive rigid and boring exam-oriented education? Anyway, the purpose of learning is to enter society and survive?
When Hu Yaguo heard this, he was anxious and said that the purpose of learning was not just to enter society and survive, but to master more knowledge and various learning methods through learning in school, laying a solid foundation for the future of an individual!
Fu Zhengyi is clear and hates the old thoughts.
But facing Hu Yatong's father Hu Yaguo, Fu Zhengyi knew that he could not convince the other party.
After working in a government agency for many years, he joined a financial institution like Taihua Securities. After years of experience and social experience, Hu Yaguo quickly realized that Fu Zhengyi was induced to debate. He stood up and scolded, "You kid is really learning bad things now. These plausible views cannot be instilled into my daughter. Otherwise, I will not care whether you are a big customer of the company or how much assets you have. Uncle, I will immediately grab you to find your parents!"
Fu Zhengyi, who was exposed for his purpose, was not embarrassed. He smiled and said that Jiang was still the old man. I dare not influence Hu Yatong. If I told these views to her, my ears would be ineffective.
He raised his hand and looked at the time. Hu Yaguo, who was carrying a briefcase, told Fu Zhengyi that he was here to do business and would soon follow the leaders of Jinling Corporation to inspect other areas. After returning, remember to notify him that the Hanzhou Branch of Taihua Securities needs a big customer like you to go to the market.
Hu Yaguo left, Liu Meijia, who looked nervous, walked in timidly, lowered her head and said sorry, because she let Mr. Hu know that you are here. I will never make such a mistake in the future.
The customer privacy of futures companies is something that every futures company needs to keep confidential.
Fu Zhengyi was not so angry about Liu Meijia's violation. Since she came, Fu Zhengyi asked her to sit down and consult whether there are new regulations on the adjustment of the leverage ratio and the margin system in the company?
The author’s words: It’s the first day of the Lunar New Year! Lao Wu greets all readers!
I wish you a happy New Year and a surplus year by year~
Chapter completed!