On Wednesday, Wu Siyuan was unlucky. He picked a stock and it originally rose 10% within two minutes, triggering a trading halt.
As a result, when the market reopened five minutes later, the stock plummeted all the way. Wu Siyuan saw that the momentum was not right and immediately cut off the stock. In the end, he could only earn 6.8%.
But even so, Wu Siyuan's account funds of 2.87 million US dollars have become about 3.06 million US dollars, and he has earned 190,000 US dollars, which is 1.178 million yuan in RMB. It is still not certain that many people in China have not eaten or drank for ten years.
The amount of money you can earn.
Wu Siyuan's encounter on Wednesday did not make Wu Siyuan retreat, but he chose——
Continue [Don’t hit the wall and don’t look back].
He continued this operation on Thursday.
But this time, he had much better luck. He chose a stock that rose ten points at the opening, and then he held it without selling it. He only chose to sell it when the stock market was about to end.
The stock rose and fell that day, but generally the gains were the main ones.
In the end, Wu Siyuan gained 21 points.
US$3.06 million became US$3.7 million.
I was not as lucky on Friday, but I also made a profit of 16 points, and the 3.7 million US dollars became 4.29 million US dollars.
Wu Siyuan went from US$1.85 million on Monday to US$4.29 million on Friday, an increase of more than 131%, and his funds increased by US$2.44 million.
According to the exchange rate at that time, converted into RMB, it was 15.12 million yuan.
"It's so terrifying!" Wu Siyuan couldn't help but say this after calculating this data.
As soon as the US stock market opened next week, Wu Siyuan jumped in immediately.
The future that Wu Siyuan sees is mostly "red" (the U.S. stock market is green when it rises and red when it falls), and occasionally there are a few green stocks, but the gains are not big.
This also makes Wu Siyuan a little disappointed.
Suddenly, he suddenly discovered a U.S. stock with a share price below $1. In the last ten seconds, like riding a rocket, it instantly rose by more than 20 points and turned green.
Wu Siyuan came to his senses, without saying a word, with a quick finger click, he put all 4.29 million US dollars into this US stock.
The next second, the U.S. stock market opened, and Wu Siyuan's buy order, which had been priced at a high price, was quickly filled in. The stock price even slightly increased, but it was immediately suppressed again.
This made Wu Siyuan thoughtful.
He ignored it and just watched quietly as the stock price rose slightly from the opening, then flattened, and finally turned red, all the way down.
When it reached a certain price, it suddenly stopped and traded sideways for a while.
None of the investors knew why, and some investors couldn't hold back any longer and began to sell stocks.
But there is still no change in the stock price. It is obvious that these stocks have been sucked away.
Suddenly, perhaps in the blink of an eye of a stock investor in front of the computer, this stock, just like what Wu Siyuan saw in the future, surged unstoppably, changing from [red] to [red].
Green], then the increase is 10%, 15%, 20%, 25%, 30%, 40%, and then reaches 50%, triggering the stop trading mechanism and suspending trading for 5 minutes.
(For other stocks whose stock price is below US$1 (yesterday’s close), if the price rises or falls by 50% within 5 minutes, a trading halt will be triggered.)
This is so exciting.
Within a few minutes, the US$4.29 million in his account turned into US$6.435 million. After deducting various handling fees, the floating profit was US$2.145 million, equivalent to RMB 13.299 million.
That is the price of a luxury villa in first-tier cities.
Wu Siyuan's face was already numb.
After all, he was an emperor in another world and experienced many wonderful lives.
He used to behave erratically, but it was just because he was surprised by the huge financial profits. Now he is used to it, and it doesn't matter anymore.
Wu Siyuan looked at the stock market quietly and took a look at the stock market atmosphere. Only then did he realize that it turned out that this company had just reached a major deal. Stimulated by the good news, the stock price soared.
Five minutes later, the stock reopened.
However, as soon as the market opened, the stock price of Wu Siyuan's full position began to fall. It seems that the market digested the good news and began to pull back.
Wu Siyuan had no intention of long-term holding. Unlike Buffett, he was not a value investor, so he cleared his position and left. In the end, the net profit margin was only 46.7%.
In other words, Wu Siyuan's account funds are only more than 6.29 million US dollars, not the previously estimated 6.435 million US dollars.
It only made a profit of 2 million US dollars, equivalent to 12.4 million yuan.
"Just do it." Wu Siyuan smacked his lips, commented disapprovingly, and then went to bed.
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In June 2015, Wu Siyuan made a lot of money in the US stock market, but the domestic stock market was bleak, and it could even be said that there was a [stock market crash]!
There are different opinions on the reasons for the [stock market crash], but every time it is not [unfounded], the most fundamental reason is actually that the stock price is too high and a bubble has appeared.
Most stocks have already doubled, and it goes without saying that the GEM has doubled several times. The pressure on stock prices to continue to rise is increasing, and a large number of major funds have fled.
In the week from 2015.6.15 to 2015.6.19, the Shanghai Stock Index dived close to the 5,000-point mark at noon on the first day, and the GEM fell below the three integer levels of 3900, 3800, and 3700.
On the market, heavyweight stocks in the banking, petroleum and insurance industries led the decline in both cities; Internet finance, cultural media, network security and other theme stocks collectively stalled, causing the GEM index to plummet. This drop was considered a normal adjustment.
But they continued to fall sharply on Tuesday, Thursday, and Friday. Within a week, the Shanghai Stock Exchange Index fell 13.32%; the Shenzhen Stock Exchange Index fell 13.11%, and the ChiNext Index fell 14.99%.
If this week is still considered an adjustment within the normal range.
So in the week of June 22-June 26, the market was closed on Monday due to the Dragon Boat Festival holiday. After rebounding on Tuesday and Wednesday, the index fell sharply on Thursday, and the 100-stock limit-down trend reappeared; Friday's trend was even more disappointing, with a Black Friday trend.
, more than 2,000 stocks in the two cities fell to the limit, with the Shanghai Stock Exchange falling by 7.4%, and the Shenzhen Stock Exchange and GEM falling by 8.91%.
It can be called a black week for the stock market.
To this end, in the face of this stock market crisis, the central bank implemented a targeted reduction in reserve requirements on June 27, and the benchmark deposit and loan interest rates were reduced by 0.25 percentage points.
The China Securities Regulatory Commission also came out and said that this was a spontaneous adjustment caused by the market rising too fast.
But even so, the market's response is very unsatisfactory.
On June 29, Monday, the stock market opened higher due to the impact of the reserve requirement ratio cut last Friday, but immediately went lower.
The Shanghai Stock Exchange experienced huge fluctuations that day, with more than 1,500 stocks in the two cities falling to the limit!
Even though good news continues to come out at the national level, the stock market is still unable to recover and continues to fall!
From June 15 to July 3, in just 14 trading days, the Shanghai Composite Index fell by 28.4%, and the Shenzhen Composite Index and the GEM were even worse, plummeting by 32.34% and 33.19% respectively. Leveraged funds experienced liquidation.
Most stocks have halved, with the plunge reaching the level of a stock market crash.