50: Chapter 50: Making a killing
"Tell me, if we follow Mr. Chen to buy futures, can we really make money?"
"Of course you can! Mr. Chen has traded five times, and each time he made tens of millions of dollars in profit. His accuracy rate is one hundred percent. You tell me, is that making money or not?!"
"Mr. Chen is such a good person, leading everyone to get rich together!"
"Exactly! You guys better hurry up and get your money ready; it starts in one minute!"
No one dared to delay and they all began to pool their money.
type a coffee futures trading requires buying at least one lot. Each lot of type a coffee is 37,500 pounds, and the unit price is around 120 dollars.
Therefore!
They needed to prepare at least 4.5 million dollars!
When converted, that was over thirty million!
Ordinary employees didn't have that much money, so dozens of them had to pool their funds together.
At that moment.
A colleague suddenly looked at Wang Fangcao and asked in confusion, "Sister Wang, why aren't you joining? This is a great opportunity to make money!"
"If you have money, put in a few million; if not, a few hundred thousand will do."
"You'll earn it back in minutes!"
"You guys play your way, I'll open an account myself."
Wang Fangcao smiled. "Some of my relatives are too poor, and now that there's a chance to make money, I have to give them a hand."
"Adding all my relatives' funds together, it's just enough to buy one lot!"
The colleague frowned. "Sister Wang, that Mr. Chen said only company employees can participate. Isn't it a bit inappropriate to do this?"
"How is it inappropriate!"
Wang Fangcao's expression turned sour. "That Chen Feng is my son-in-law; would he really blame me?!"
"Besides!"
"I'm not breaking any rules. This money is considered borrowed from my relatives. There shouldn't be any problem with me operating my own account."
She ignored the other person after saying that.
She hurriedly called her relatives. "Big Brother, lend me five hundred thousand. I'll pay you back thirty thousand in interest tomorrow. I need it urgently..."
"Third Brother, lend me two million. Ten thousand in interest a day. I need it urgently..."
"Uncle, I heard your family's three million plus in demolition compensation has arrived. Can you lend it to me for a day? I'll pay you back one hundred and fifty thousand in interest tomorrow..."
While Wang Fangcao was borrowing money everywhere.
Chen Feng had already begun directing the operations.
At this time, the price curve for American type a coffee was very unstable, fluctuating up and down extremely quickly.
Although money could still be made.
The price difference was too small, and the operations had to be very fast.
Otherwise, the opportunity would be missed!
This kind of small change.
He couldn't be bothered to earn!
Finally, after the curve passed an inflection point, the price began to drop.
Chen Feng looked at his phone, his eyes narrowing. "At the price of 125.97 dollars, short everything!"
At this point, he already had 600 million dollars in his account!
That was roughly 127 lots, at 37,500 pounds per lot!
After General Manager Qiao finished the operation, he continued to wait for his orders.
At the same time.
He glanced at Xiao Lan next to him, who had also finished the operation.
He had invested 100 million dollars himself, which was essentially all of his funds.
Although the income in the financial industry was high.
Much of it depended on performance and bonuses. General Manager Qiao's funds had been saved up bit by bit over the years.
Next.
The price of type a coffee fell as expected!
122.33, 121.81...
Because they were shorting.
The more it fell, the more they earned!
But after falling for ten minutes, it suddenly began to rise again.
General Manager Qiao immediately panicked.
"Mr. Chen..."
"No rush!"
Chen Feng said while playing on his phone, "Exiting now would only yield a few bucks. If General Manager Qiao is tired, you can take a break first."
"I..."
General Manager Qiao didn't know whether to laugh or cry.
Only a few bucks?
If he exited now, he could earn at least over three million dollars!
Yet the other man looked down on it!
Forget it, forget it!
His eyes were fixed on the computer screen, and his heart was pounding wildly.
He couldn't help it!
All of his assets were invested.
Although this Mr. Chen's judgment ability was one hundred percent accurate, what if he took a nap and missed the moment?
The man was a tycoon; if 600 million dollars were lost, so be it.
But if he lost his money, his world would collapse!
It wasn't just him!
Everyone in the hall was equally panicked.
They were following the operations on the screen. Once the price rebounded to 125.97 dollars, they would lose money.
Some people began to regret it.
They had almost emptied their savings just to wait for this big profit.
And the result...
On the side, Wang Fangcao breathed a heavy sigh of relief.
She had been busy borrowing money just now and had no time to operate.
Fortunately, she didn't follow!
This Chen Feng really was a trap!
However, next.
After the price of type a coffee rose to 125.11 dollars, it fell again.
This time, the drop was very fast.
It was like a cliff-dive!
It quickly fell to 100.67 dollars, and there was no sign of it stopping.
Holy crap!
Everyone sucked in a breath of cold air.
Even Wang Fangcao was dumbfounded!
Her mouth hung wide open!
She didn't snap out of it for a long time!
By the time she did, the price had already dropped by over twenty dollars.
She hurriedly opened her account and began to follow the shorting!
She also felt a bit annoyed with herself.
What a miscalculation!
In the VIP Meeting Room.
General Manager Qiao stared blankly at the computer screen, his mind a complete blank.
He seemed to understand now.
Chen Feng indeed looked down on that small change, which was why the shorting price of 125.97 dollars was the absolute peak.
No matter how the price fluctuated afterward, it could not exceed that point.
As long as he exited at the lowest price.
He could maximize the profit of each trade!
My God!
Stormy waves instantly surged in General Manager Qiao's heart.
Was this guy some kind of Divine Oracle?
To be able to know the price fluctuations in advance every time?
He didn't have time to think more; the price had already dropped to 85.32 dollars, the lowest price in history.
Almost at the same time.
Chen Feng suddenly looked up and said calmly, "Sell everything!"
General Manager Qiao didn't dare to delay and hurriedly exited!
Five minutes later.
General Manager Qiao counted the amount in the account; this time he had earned 193,595,625.00 dollars.
Hiss!
He sucked in a breath of cold air.
This single trade had earned nearly 200 million dollars!
Adding what was earned before.
The total profit was 437,298,375.00 dollars, which converted to 3.025 billion!
Holy crap!
General Manager Qiao stood up from his chair with a start.
His face was full of shock!
Even after deducting six million in handling fees and commissions, the other party still had 3 billion in profit!
In just a few hours.
He possessed money that others couldn't earn in a lifetime!
Aren't you just too damn domineering?
He couldn't imagine.
If the other party had used leverage, the profit amount would have reached a terrifying figure!
General Manager Qiao looked at his own account again.
Xiao Lan had also traded according to this operation.
"Holy crap!"
Perhaps a simple "holy crap" was not enough to calm the emotions in his heart.
A profit of 220 million!
General Manager Qiao was so excited he was somewhat incoherent. He stood up and sighed to Chen Feng, "Mr. Chen, I truly admire you to the point of prostration!"
Over two hundred million in funds was his income for several years!
At this time.
A series of clamorous voices also rang out in the hall.
It was clear that those employees were incredibly excited; they must have made a lot of money.
But there was one person who couldn't be happy at all!
(PS: Thanks to user 2307889042 for the Update Reminder Charm. Also, everyone please help give a five-star review. The author will strive to work hard on coding words to bring everyone more and better plots.)
🔊 Text To Speech
Listen while reading