A friend has been trading in the stock market for many years. When the Shanghai stock index fell to 2900 this year, he thought the bottom was reached, so he raised 10 million by himself, then raised another 10 million, and bought the bottom with a full position of 20 million.
Then it kept falling, and by 2,700 points, it was already facing financial pressure. He came to me and said, Brother, please save me. If the financing position is closed, my assets will return to zero.
I asked him how long he could hold on, and he said it would only be a drop. I said I can help you avoid liquidating your position, but no one can predict the stock market. This lesson should be taken seriously in the future.
In early February, I prepared 2,000 funds and told him that if the price continued to fall, I would transfer it to him. On the 2nd, he got anxious and called me to transfer money. His position was about to be liquidated, so I said I would go and take a look.
I have a gold card and a business account. I can transfer 10 million at a time, so I took the card with me. I said, my brother will settle the account, I will invest 2,000 to increase the position, and the profit and loss will be mine. If I make a profit, don't be jealous. If I lose, I will bear it myself. If you agree, just transfer the money. If you don't agree, forget it. This will not only protect you from liquidating your position, but also reduce the risk of falling losses. He repeatedly said he agreed and would do as I said.
So 10 million was transferred on the 2nd, 10 million was transferred on the 5th, and 20 million was added to the position in four times.
It pulled back by more than ten points on the 6th, and rose by nearly ten points on the 7th, rising 21 points in two days. I made a profit of 4.2 million from 20 million. At noon on the 7th, I asked him to sell all the stocks I invested in. Although he was reluctant to give up, he had no choice but to sell because I had said it first.
Last night he called me out for a drink and said he was grateful for helping him keep the financing from liquidation. If it hadn't been for the injection of 20 million, the market would have been liquidated when it dropped to 2680 points.
He said that my money has been transferred out and I can’t withdraw it until the 8th, a total of 24.2 million.
I said, I have to take all of my principal of 20 million and make a profit of 4.2 million. I only need 4 million. The 200,000 will be considered as your trading fee. Of the 4 million, I will first take 2 million for the New Year, and the other 200 will be loaned to you. Regardless of profit or loss, you have to pay it back. My friend thanked me profusely and wrote an IOU of 2 million on the spot. After having a good meal and a meal, he even gave me two bottles of wine.
"Passengers, please get off the car on the left hand side and pick up your carry-on luggage~"
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