270: A chain reaction ensued, and the margin call began!

This gap down opening

shattered the confidence of a large number of people.

Especially some naive leeks who had just entered the stock market.

They were all completely dumbfounded.

Not long ago, they were still saying the bull market had arrived.

But after they entered the market, why were there two consecutive limit downs?

The more this happens, the faster the previously popular stocks crash. There's no other reason, too many profit-takers.

Everyone started to jump the gun.

"Damn, what's going on? Didn't they say it was a bull market?"

"I don't know either, why is this stock keeps falling?"

"I should have left yesterday. Looking at today's situation, it's probably hard to pull it back up."

"I've already set a limit down order to run!"

"What's going on with CITIC Securities? This is a super bull stock, how did it get two consecutive limit downs?"

"I didn't sleep a wink last night just to see this stock take off today, and now you're telling me it's limit down?"

"It's crashing, run!"

"Run? My stock is the worst, it hit limit down during the call auction, I can't run at all!"

"Damn, who said yesterday that the stock market was rebalancing portfolios? Is this how you rebalance? By using limit downs to switch stocks?"

Just a few minutes after the market opened, a large number of stocks were pressed down to the limit down board.

This gap down opening today really hurt market sentiment.

In addition, deleveraging has truly begun to be implemented.

Those Brokerage Firms, seeing that the situation was not right, also began to shrink their margin financing and securities lending businesses.

This made Veteran Investors, who were already wary of high prices, even more afraid to take over.

Those new leeks who dared to take over also had no funds to do so.

It must be said.

Some people are truly crazy; they really dare to play with 10 times leverage.

With the two days of declines yesterday and today, in extreme cases, there were even 40% drops.

Yesterday, he cut losses at limit down, then bought a stock that hit limit up, only to experience a limit down from limit up on the same day, and then another limit down today. The 40% drop wasn't even the half of it!

Of course, this situation is too rare, but in this great bull market, such situations did occur.

On a certain capital allocation platform, someone triggered the platform's forced liquidation system today.

If we were to say, according to his crazy all-in method, he really made money during the main upward wave period.

Millions easily in hand.

But in a place like the stock market, if you don't know when to stop, don't know when to take profits, and still all-in with a full position and Full Margin, no matter how much money you have, you can lose it all!

Because here, you lose money by percentage.

Yesterday's and today's 40% halving directly destroyed all his previous hard work!

The capital provider has already begun to urge him to add margin: "If you don't add margin before 10 o'clock, we will begin forced liquidation!"

Very humane!

They can even remind him to add margin.

This situation is not common on the second day of a decline.

Because many people still have very thick profit buffers, and have not reached their forced liquidation line.

But what if it keeps falling for the next few days?

Judging by the current situation, it is very likely to happen.

That Stock Investor who lost 40% in two days was truly dumbfounded today.

After hanging up the phone with the capital allocation platform, he stared blankly at his computer: "I don't have any money now, how can I add margin? And why is the stock market doing this today, falling for two consecutive days? Why am I so unlucky to have encountered such a disgusting limit down from limit up? And with a full position and Full Margin?"

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