Chapter 642 The trick of buying low and selling high (420.01 million)
I saw Cao Shulun and Cao Shuyang talking about their experiences and their feelings of collapse at this time.
Cao Shujie, Cao Fei, Cao Zhen and Cao Tiemin really felt the panic in their hearts.
But that's not all. Cao Shulun said that the small loan they borrowed to mortgage their house had high interest rates.
The two of them didn't understand it at first, thinking that one month's interest was not high, but later someone gave them some pointers and they understood a number, the annual interest rate was 18%.
This also means that after one year, they will have to pay 18,000 yuan in interest alone.
However, Flush has dropped from more than 25 yuan to now. Not to mention earning the interest of 18,000 yuan, it is still unknown whether it can still make money.
The two of them were panicked, confused, and had no clue.
But in Cao Shujie’s view, the annual interest rate of 18% is not really high. Many credit cards and online loan installments have similar interest rates.
In his opinion, private small loans can be considered kind if they can maintain this interest rate.
"Then what are your plans now?" Cao Shujie sent a message.
As soon as he finished posting, Mengmeng called him from the side: "Dad, hurry up and play with me. Why are you playing with your phone again? I want to tell my mother."
Cao Shujie touched his daughter's little head and said, "Dad is busy, please go and play with your mother for a while and let her tell you a story, okay?"
Mengmeng was very discerning and could tell that her father was indeed in trouble, so she stopped pestering him and ran downstairs to listen to her mother's story.
"Shujie, I just don't know what to do. You are so capable, please help me find a way." Cao Shulun said anxiously.
Cao Shujie thought that the two brothers would have to lose money before they would realize it. Who knew that when they still maintained a little profit, they saw that even the last profit was gone, and they might even start losing money from now on. They were scared in advance.
"That's a good thing!" Cao Shujie sighed in his heart.
"If that doesn't work, just take advantage of the profit, sell some first, and pay back the borrowed money first. You can decide whether to keep the rest of your own money." Cao Shujie gave them an idea.
We didn’t ask them to sell them all. We can still make money by holding on to the remaining ones.
The key is that you don’t have to worry about repaying your money, and you don’t have to worry about having to sell it to pay off the debt if you really lose money. You can keep it in your hands for a long time.
But Cao Shulun and Cao Shuyang are now without a master. They are in a bad mood and don't know what to do.
After this wave of gains, they added positions, and then encountered a sharp drop, which devastated the two of them.
I never thought that wealth could increase so suddenly in such a short period of time, and then shrink again in such a short period of time.
This two extreme experience made them unbearable.
At this time, the two of them really regretted stock trading.
They are still thinking about why they didn't listen to Shujie's advice in the first place and why they had to focus on stock trading?
I also told them in the group when they added positions for the first time, and Shujie even advised them to calm down.
Who would have thought that they would increase their positions for the second time, and then they would be in this embarrassing situation now.
When Cao Zhen and Cao Fei saw the messages in the group, Cao Shuyang and Cao Shulun showed a feeling of being at a loss between the lines, which actually made Cao Fei and Cao Zhen sober.
Cao Zhen is also more determined to sell some stocks when he has a periodic profit. In this way, the cost of holding the position will be lower and lower, so there will be no worries.
As for Cao Fei, he doesn't want to increase his position now.
This wave of flushes followed more than 25 yuan, and the diagonal line fell to more than 21 yuan. There is no sign of stopping the decline and stabilizing. Cao Fei actually feels a little unable to hold on.
Among the four of them, Cao Zhen is the most stable now.
When the stock last rose to 25 yuan, he reduced his position by 2,000 shares and lowered the cost price to more than 12 yuan. The current stock price is still far from its cost price, and Cao Zhen still makes a substantial profit.
You can retreat, defend or attack.
Even if you buy the 50,000 yuan you sold last time and buy it now, you can even earn 5 more lots of stocks.
Cao Zhen felt no burden at all.
"Shujie, do you think Flush can still rise?" Cao Shuyang sent a message.
Cao Shujie felt from this message that Cao Shuyang was still unwilling.
He simply didn't reply.
If Cao Shujie now says that Flush can rise to more than 100 yuan, will Cao Shuyang think of ways to continue to increase his position?
Then we faced this situation again.
The larger the position in the later period, the higher the purchase price. Once there is a correction, they may lose money and be left half-dead by then.
The temporary labor pain will also be forgotten by him!
But Cao Shulun said: "Shu Yang, wake up, what if the price goes back up? Can you still hold it?"
If they could hold it, the two of them would not come to the group to cry and seek comfort.
"I have to sell these 4,000 shares and pay back the money."
"But the problem is that selling 4,000 shares now is not enough to pay off the debt." Cao Shuyang collapsed.
When they bought it, the stock price was more than 25 yuan per share. Now the stock price is more than 21 yuan, and they lost more than 4 yuan per share.
These 4,000 shares lost nearly 20,000 yuan.
Now that they are cutting the meat and selling it, they have to use their own money to make up for it, and they have to pay the interest for more than a month and properly compensate for the loss.
It feels so good when I make money, but I really feel nothing.
But after losing money, they truly realized what physical pain is.
I want to cut off the meat, but I can't bear to do it when I consider the money I'll lose.
The key stock price continues to fall, and the bottom is currently unclear.
Cao Shujie sent a message: "I can't help with this matter. You were too impulsive when you bought it. I advised you, but you didn't listen."
What can he do? It's difficult for him too.
Cao Shujie is not a stock god. He does not know how to analyze KDJ, MACD, support levels, pressure levels and other indicators.
Regarding the market, he couldn't tell the difference between one, two and three.
Is it possible for him to open his mouth and tell Cao Shuyang, Cao Shulun and the others that they can rest assured that with the flush, they will definitely get the high price you expect later.
That's nonsense.
Two people who are deeply persecuted by stocks will not believe it.
Not to mention it would rise to more than 100 yuan, even if they were told that it could rise to 25 yuan, these two people might not believe it.
They have been frightened out of their wits.
On the other side of the mobile phone screen, Cao Fei could feel the miserable state of Cao Shulun and Cao Shuyang from the words. He was still glad that he had discussed it with Cao Zhen and did not rush into it with heat in his forehead, otherwise the two of them would have been in the same situation today.
This is also his day.
It’s incredible!
Cao Shujie's advice to them was to sell part of it and pay back the money they borrowed.
Cao Zhen, Cao Fei, and Cao Tiemin also suggested the same thing.
Even if they lose some money, they should pay back the mortgage loan money, get back the mortgage contract of the house, and release the house from the mortgage. At least the house belongs to them as it is.
If Flush continues to fall, they will lose even the current profit. By then, they will probably lose nothing and not even get their house back.
"Shu Yang, Shu Lun, if you ask me to tell you, you two should spend money to teach me a lesson."
"Even if you lose 20,000 yuan, don't you still have a little capital? It's not too late to put it in and sell it when the price rises." Cao Zhen said sincerely.
And considering the income of the two of them, a compensation of 20,000 yuan is not too much.
But the key point is that Cao Shulun has completely lost confidence in Flush. He doesn't believe it at all: "Can it still rise?"
At this time, compared with the high-spirited state when the two of them invited Cao Shujie and the others to dinner, they were completely different.
This question confused Cao Zhen.
He doesn't know if the price can rise after the flush.
But his most basic judgment is that the market index is still rising violently, and it seems that the current situation has no intention of stopping.
Theoretically speaking, Flush, as Internet finance and the hottest sector at the moment, will definitely not be so easy to stop.
But this is a bit of judgment that he has figured out on his own, but it is not organized into rules. There is no way to give him a little information to guide his own experience.
Who knows if this is correct?
If the judgment is wrong and he becomes obsessed with it, will he be blamed again?
Thinking of this, Cao Zhen was stunned, and suddenly he came to his senses and realized why Cao Shujie must be buying stocks, but he never recommended stocks to them.
At this time, even Cao Zhen didn't want to discuss stocks too much.
After realizing this, Cao Zhen felt his head became more awake.
There are already dozens of messages in this group, but after carefully looking through the chat records, Cao Shujie said very little, and more often than not, Cao Tiemin, who had never bought stocks, was trying to persuade Cao Shuyang and Cao Shulun to stop their losses in time.
Even Cao Tiemin was very happy that he didn't buy stocks.
Otherwise, he would be like the two of them now.
He really might as well do his own decoration and earn some hard-earned money.
To be honest, Cao Tiemin saw in the group how much money Cao Shulun and the others were making. The key was that the money was earned very easily. He was really envious of it. However, after some struggle, Cao Tiemin did not buy it in the end.
Now Cao Tiemin is very happy that he maintained his sense.
He was thinking that if he hadn't had the last bit of reason, he might have been trapped in it now, and would be in a dilemma like Cao Shuyang and Cao Shulun.
Cao Shujie really had no interest in persuading them both.
He found that it was useless to persuade him.
The two complained while feeling lucky.
They posted this feeling in the group, perhaps more because they wanted to find some comfort from them.
Still not strong enough!
Cao Shujie couldn't control the game, and he wasn't in the mood to do this.
Things at the factory have already made him very anxious.
There is also a naughty elf named Mengmeng at home.
Cao Shujie felt that the top priority was to follow his own plan.
But then again, it’s already late September.
Counting from June, this bull market has lasted for three months. Although the market index has soared by hundreds of points, individual stocks have gone up and down. Overall, his current profit is only a few points higher than the previous profit.
million.
It also reflects another problem. Many of the stocks he held during this period entered the correction stage after rising sharply, and the correction was very strong.
Based on such a consideration, Cao Shujie would not even send him stock recommendations.
Human greed cannot be stopped by just saying a few words.
…
Cheng Xiaolin held Mengmeng's hand when she was preparing to sleep.
Seeing her husband sitting there in a daze, Cheng Xiaolin was a little puzzled and asked him what was wrong.
Cao Shujie handed the phone to his wife: "See for yourself."
Cheng Xiaolin was too lazy to look.
"You like to talk but not to talk, and if you don't talk, you will be defeated."
That free and easy spirit left Cao Shujie speechless.
Cao Shujie also joked: "Wife, aren't you afraid that I will chat with other girls?"
"Just you? Whoever you want to talk to, just talk about yourselves." Cheng Xiaolin said.
Cao Shujie thought his wife was so grand and ladylike.
But who knew that after his wife entered the bedroom with Mengmeng, she came out with a pair of scissors not long after.
Holding the scissors in his hand, he gestured towards Cao Shujie: "Shujie, try it. Unless you promise not to go home, if you dare to mess around, I will cut it off for you while you are sleeping."
Cao Shujie: "..."
He quickly changed the subject and told his wife about the chat in the group just now.
Cheng Xiaolin lost interest after listening to it.
She looked at her husband: "So you have lost a lot of money this month?"
"I just took a look and found that this month's profits only increased by a few million compared to last month, and some stocks have experienced quite large corrections."
"Then you still won't sell it?" Cheng Xiaolin wondered.
Cao Shujie shook his head slightly, with a mysterious look: "It's not yet time."
"How do you know it's not time yet?" Cheng Xiaolin asked him.
Cao Shujie said: "You see that the market is rising like a rainbow. It is a very simple judgment. In one fell swoop, some stocks have gone up in the early stage and then pulled back. When the pullback is over, they will rise again. It is a pity to sell them at this time."
"You are full of excuses, and I don't understand them either. Don't tell me these things again," Cheng Xiaolin said.
Cao Shujie laughed: "Anyway, don't worry, I will definitely sell it when it's time to sell it."
"I believe this!" Cheng Xiaolin was convinced.
Let’s just say that when she was selling Bitcoin at the end of last year, the price of Bitcoin reached an all-time high and everyone else was buying it. However, her husband was very sober at the time. When everyone else was buying, he went out for takeout.
And I sold it very resolutely, and I didn’t feel any pity at all.
Now that I think about it, her husband has very strict trading disciplines.
It's just that Cheng Xiaolin doesn't understand where her husband's trading discipline comes from.
Speaking of Bitcoin, Cheng Xiaolin said: "Shujie, have you seen that Bitcoin has fallen sharply recently?"
Cao Shujie shook his head. He was busy every day and could not care about reading these things.
"How much does one cost?" Cao Shujie asked.
Cheng Xiaolin shook her head: "I haven't looked at the recent one. I took a look some time ago and it fell below 400."
"It is estimated that it will fall again in the short term." Cheng Xiaolin said this.
She wasn't sure either.
Cao Shujie didn't expect that from the time he sold out until now, the price has dropped by 60%.
He still has more than 25,000 pieces, and the value has seriously shrunk.
But who knows that he is a Bitcoin warrior with faith, so he can continue to hold it.
"Wife, just watch. When my money comes out of the stock market, I will find a low price to buy back the 7,500 coins I sold before. If the price goes up in a few years, I will sell it and make a profit from the price difference."
Cao Shujie played this trick very well.
Cheng Xiaolin didn't understand, but she understood the principle of buying low and selling high.
"Others are not as capable as you, so be careful when you get tricked." Cheng Xiaolin said.
Cao Shujie nodded fiercely: "Wife, don't worry, we have already earned back the capital we invested."
"Sleep!" Cheng Xiaolin said.
"So anxious? Do you want it?" Cao Shujie asked with a playful smile.
Then Cheng Xiaolin rolled her eyes: "Get out of here, I feel a little uncomfortable."
"Why do you feel uncomfortable? Go get it checked out." Cao Shujie said anxiously.
"It's okay. It's probably indigestion. Let's wait and see for a couple of days." Cheng Xiaolin said.
