93: Cut the meat

Everyone had a very enjoyable lunch.

Chen Jingfu, who earned three million, treated everyone to an excellent meal.

There were abalone, large lobsters, and everything imaginable.

Everyone was very happy.

Except for Qian Ziyong and Liu Gaoda.

Liu Gaoda had lost three hundred thousand, so no matter how good the food was, it tasted bland to him.

Qian Ziyong was distracted and dispirited.

It wasn't until the afternoon market opened that Qian Ziyong recovered somewhat.

When the market opened in the afternoon, Qian Ziyong and Liu Gaoda were on edge.

The afternoon market was a continuation of the morning's trend.

Liquor Stocks continued to rise, and Energy Stocks continued to fall.

By the close of the market, Liquor Stocks had risen a total of four points, while Energy Stocks had fallen five points.

Energy Stocks were indeed more volatile; whether falling or rising, they were more aggressive than Liquor Stocks.

Of course, Liu Gaoda lost even more miserably.

He invested one million, and because of the ten-times leverage, in just one day, he lost so much that only five hundred thousand remained.

Qian Ziyong looked at his stock account, where three hundred million had turned into three hundred and twelve million, and his heart was bleeding.

This was more profitable than doing business!

And all the decisions were his own, so he had no one to shift the blame to.

After the market closed, everyone was in high spirits, but only Liu Gaoda and Qian Ziyong were exhausted.

"Let's call it a day!" Qian Ziyong waved his hand weakly and left in low spirits.

Liu Gaoda followed him dejectedly.

He was going to stay here tonight.

There were many empty rooms here, and Chen Jingfu had already invited him to stay.

His money was still tied up, but it would definitely be recovered tomorrow.

...

Liu Gaoda couldn't sleep all night.

The thought of losing five hundred thousand in one day made him want to slap himself.

He used to fall asleep the moment his head hit the pillow, but now he tossed and turned in bed, unable to sleep.

He finally managed to fall asleep, only to be woken by a nightmare.

After waking up, Liu Gaoda was covered in cold sweat, and the thought of the vanished five hundred thousand made him want to slap himself.

"If I had known this, I should have followed Ziyong and bought Liquor Stocks!" Liu Gaoda was filled with regret.

On the other side, Qian Ziyong held his phone, completely uninterested in games.

Feihuang Supermarket used to earn him twenty million a month, and he felt a great disaster was looming, thinking that running a supermarket was simply too profitable.

But now, Qian Ziyong suddenly felt that the destructive power of stocks was truly immense.

Compared to stocks, supermarkets, Hot Pot Restaurant, and everything else were insignificant.

Indeed, finance was not something ordinary people could handle.

He kept praying in his heart, hoping that Liquor Stocks would definitely fall tomorrow.

...

The next day, Qian Ziyong and Liu Gaoda woke up very late; both of them had suffered from insomnia.

It wasn't until 8:40 AM, just before the stock market opened, that the two of them appeared with messy hair and large dark circles under their eyes.

Everyone was astonished to see their appearance.

They could understand Liu Gaoda being so disheveled.

But why was Qian Ziyong, who had earned eight million, in such a state?

Qian Ziyong waved his hand weakly and casually gave an excuse: "I was thinking about the Milk Tea Shop all night and didn't sleep a wink."

Everyone nodded in understanding.

After all, the Milk Tea Shop had enormous potential and might become a ten-billion or even a hundred-billion enterprise in the future.

It was normal for Qian Ziyong to attach great importance to the Milk Tea Shop and stay up all night.

As the stock market was about to open, Qian Ziyong sat in the main seat, and Liu Gaoda sat in front of the adjacent computer.

The three traders each had a computer and were ready for action.

The others stood behind Qian Ziyong.

Li Yuanwei respectfully asked, "Boss, how should we operate today?"

Qian Ziyong thought for a moment and said, "If Liquor Stocks continue to rise today, then sell them!"

"If they fall, just leave them be!"

"Hmm?" Li Yuanwei was stunned.

If they fall and lose money, leave them, but if they profit, sell them?

This was completely contrary to the trading techniques he had learned!

"Yes!" Li Yuanwei did not argue; he was a professional trader, and the boss's orders, no matter how absurd, had to be strictly followed.

This was his professional integrity.

Soon, the stock market opened, and Liquor Stocks continued yesterday's strong trend right from the start of the day.

Rising, rising, rising...

As he watched the numbers on the computer, with each fluctuation, hundreds of thousands were added to his account, and Qian Ziyong's heart pounded along.

It was rising too fast!

"Sell them, quick, sell them!"

"Cut losses and exit!"

Qian Ziyong said impatiently.

He had originally thought that if Liquor Stocks didn't rise today but fell instead, the money earned yesterday would be lost.

But with this momentum, it seemed like they would rise forever!

Why wait to cut losses now?

Cut!

Upon hearing Qian Ziyong's command, Li Yuanwei's reaction was slow.

The other two traders also didn't know how to proceed.

Li Yuanwei reminded him, "Boss, 'cutting losses' means selling stocks at a loss. We are clearing out for profit, which should be called 'taking profit.'"

Qian Ziyong nodded: "Then take profit, sell them quickly."

Fearing he hadn't made himself clear, Qian Ziyong emphasized, "In short, sell all the stocks, all of them!"

Hearing this, Li Yuanwei no longer hesitated and, along with the other two traders, began to operate frequently.

Soon, they sold all the shares.

"Boss Qian, a profit of six points, a total of two hundred and twelve million!" Li Yuanwei said with a laugh.

Then he looked at Chen Jingfu behind him: "Boss, a profit of six million!"

Because Chen Jingfu had ten-times leverage, a six-point increase meant a 60% profit.

At the same time, if it fell by six points, he would directly lose six million.

If it fell by ten points, all positions would be forcibly liquidated.

If it fell by more than ten points and there wasn't enough time for forced liquidation, it would result in a deficit.

Not only would all the invested principal be lost, but he would also owe money and need to make up the deficit.

Using leverage carries high risks but also high returns.

In just one day, Chen Jingfu took a small risk for a large gain, using leverage to directly earn six million.

Hearing that he had earned six million, Chen Jingfu happily patted Qian Ziyong's shoulder: "Not bad, keep up the good work!"

He then looked at Li Yuanwei and said, "Continue to add leverage for me, finance up to one hundred and sixty million!"

Hearing that Chen Jingfu still wanted him to help him with stock trading, Qian Ziyong became anxious: "Brother, this time it was really luck."

"I don't know why my luck is so bad."

"Don't invest with me again!"

Chen Jingfu smiled and said, "Brother Qian, you are good in every way, except for one thing."

"Too humble!"

"Humility is a good thing for young people, but too much humility, and others will think you are not capable."

"Don't worry, it's nothing even if I lose it all."

"I don't rely on this money to live; if it's lost, it's lost!"

Qian Ziyong nodded helplessly.

On the other side, Liu Gaoda's eyes were bloodshot as he shouted, "Cut, cut! Manager Li, help me cut it!"

He had been hesitating whether to cut his losses and exit, but the thought of only having five hundred thousand left if he cut made him reluctant.

However, as soon as the market opened today, Energy Stocks remained flat, and now they were heading straight down, already having fallen one point.

He had now lost six points!

With ten-times leverage, that meant a loss of sixty points, a full 60% loss.

If he lost any more, all his money would be gone!