In this way, this kind of market with huge ups and downs has a large profit margin.
"Continue to add positions and use the previous book profit to make a pyramid position." Li Jin suddenly said.
There is a very special trading rule in the futures market, that is, when you have a profit in your book, you can use that part of the profit to make a purchase even if you have not sold to close the position.
On the one hand, this greatly increases profits, but on the other hand, it also expands risks.
For example, Zhou Kai's initial capital of 800,000 yuan has already earned 1.48 million yuan, so the extra profit of 680,000 yuan can be bought again.
But similarly, Zhou Kai's ability to resist risks has also declined.
As long as the price falls below the position line, it will also be the result of liquidation.
Li Jin's instruction made Zhou Kai's heart skip a beat.
Although he was a little afraid of risks, Li Jin's magical operation just happened. Zhou Kai didn't hesitate much, gritted his teeth, and started to execute Li Jin's instructions directly.
Sun Yao next to him sneered and said: "It's really nonsense. I've never seen anyone so fearless of death. If you buy now, the price will drop by 500 yuan and your position will be liquidated."
"My surname is Zhou, I advise you to just close your position and get over it. If you leave now, you can still make a profit of 680,000 yuan. Otherwise, you will lose even 800,000 yuan of capital later."
Zhou Kai, who was already feeling frightened, became irritated and said coldly: "You don't need to care about my money."
While talking, Zhou Kai had already executed the buying operation.
In the following period, amid Sun Yao's cynicism and Zhou Kai and Zhang Jiang's apprehension, the price of cotton futures tended to a relatively stable trend.
There are slight increases and decreases, but the amplitude is not large, and the price always fluctuates around 16,000 yuan.
As noon approached, Li Jin stood up, stretched out and said, "It's time to stop trading. If the market is good, it will be afternoon. Let's eat first."
Sun Yao sneered: "Let's see how you die this afternoon!"
"When I think about someone giving me 6 million for free this afternoon, I'm really looking forward to it."
Zhou Kai stared at Sun Yao coldly, turned to Li Jin and said, "Mr. Li, let's go to a nearby hotel for dinner?"
Li Jin shook his head and said with a smile: "No, I'm not used to going out when I'm doing transactions, so I'll just eat something in the office. You can ask someone to deliver three snacks."
Zhou Kai was stunned. He had planned to treat Li Jin well, but he was a little at a loss at this moment.
Takeaway is too shabby.
But Zhang Jiang interrupted and said with a smile: "Old Zhou, listen to A Jin and order fast food, three servings."
Zhou Kai looked at Sun Yao, whose face was as red as pig liver and looked ugly, and suddenly understood, he laughed and said, "Okay, I'll order someone to prepare it right away."
Although he said that, it was naturally impossible for Zhou Kai to actually order lunch boxes and fast food. Instead, he ordered his employees to go to the hotel he had booked before and pack up all the dishes.
Soon, a desk put together in the office was filled with delicious food.
But there are only three servings of cutlery!
There are four people!
Seeing Li Jin, Zhou Kai, and Zhang Jiang, they each found a chair and sat down, picked up the tableware and started chatting and eating happily, while Sun Yao, who was deliberately left aside, turned blue and white.
"How dare you humiliate me like this!?" Sun Yao growled through gritted teeth.
Li Jin put a piece of grouper into his mouth, glanced at the furious Sun Yao, and said in surprise: "Why is Mr. Sun still here? Could it be that he wants to have a meal? Oh, Mr. Sun, you could have told me earlier.