After much persuasion last night, I finally gained control of the 1.2 million funds from Father He.
It wasn't until this morning, after reading the newspaper, that he realized taking out all 1.2 million was a pipe dream. The stock market was highly likely to continue falling today. The stock Father He bought was a key target of Soros, so the probability of it rising was too low.
Since there was no internet at home, He Zhengcheng went to a hotel in Kowloon to wait for the market to open, while Father He went to open a stock index futures account.
To be honest, Father He was relatively conservative. After all, at its peak, the family had tens of millions in cash, otherwise they wouldn't have been able to afford this 2,000-square-meter hotel.
But he used to only trade blue-chip stocks, with limited profits and relatively low risk. If it weren't for the financial crisis, and if he hadn't lost his mind this time, their family could have advanced step by step, from a wealthy middle-class family to a small wealthy family.
In a capitalist society, various financial crises emerge endlessly, and the most severely affected group seems to be the middle class. Perhaps financial crises are essentially about fleecing the flock.
He Zhengcheng was not a sociologist, nor had he studied financial economics. He couldn't articulate many concepts, but that didn't prevent him from thinking about problems.
Fortunately, there was the internet, and fortunately, there were search engines and social networks. No matter how capital tries to control this online world in the future, the emergence of the information age itself is a hundred times more advanced than previous societies.
Promoting the development of a decentralized internet has a positive impact on the entire human society. Later, Daxia Country supported the development of blockchain, probably to break the internet hegemony naturally formed by the United States in a free economic state.
"Thinking too far ahead. Google and Facebook haven't even appeared yet, and blockchain is still a long way off!" He Zhengcheng found himself talking to himself more and more.
The stock market opened, and as expected, it was a low opening. He Zhengcheng frantically sold over a million in stocks, repeatedly pushing the price lower, which made him afraid to sell. Stock trading really is a technical skill. He was only suitable for simple things, like buying a stock and holding it for 10 years, then seeing it multiply a hundredfold... "Beep beep..." He Zhengcheng smiled bitterly, mocking himself, as his phone received a call.
"Hello, Cheng Zai, come over and gather with us after the market closes this afternoon!" Ji Jiasheng said.
"Sheng Ge, alright. Is Yang Ge with you?" He Zhengcheng asked.
"Yes, he is. What's up?" Ji Jiasheng replied.
"My father's stocks were trapped, right? Last night I convinced him, and I'm in the process of freeing them, but as soon as I sell, the stock price accelerates its decline. When I stop, it actually rebounds a bit. It's infuriating." He Zhengcheng explained.
... Ji Jiasheng listened, feeling a bit regretful, and quickly told Chao Yang what happened.
"Which stock did you buy, how much do you have, and how are you operating?" Chao Yang took the phone.
"I bought HSBC Holdings. I just sold a little, and now I only have one million left. I'm just selling as many lots as I have directly." He Zhengcheng said.
... Chao Yang was speechless after hearing this. He couldn't blame He Zhengcheng; this was his old habit of trading stocks. Think about it, he only had tens of thousands of dollars to trade stocks before, so he could buy and sell however he wanted. How much did he need to consider? The young man lacked experience... "You only sell a hundred lots at a time, once per minute. Stop trading if it accelerates downwards, and speed up selling if it accelerates upwards." Chao Yang gave him a simple strategy.
"Oh, okay! Thank you, Yang Ge!" He Zhengcheng said.
"Don't forget to come here after the market closes this afternoon!" Chao Yang said a few more words, then hung up the phone.
He Zhengcheng, having received the stock trading secret, executed it meticulously and appeared to be well-organized.
By the end of the day, Father He's stock account still had 1.1 million in cash. While he was busy here, Ji Jiasheng's side had already started another discussion.
"Do we really need to bring him into the team? He's still a child, he has no experience at all!" Yu Dehui said. He was Ji Jiasheng's colleague and friend at Peregrine. They both resigned, wanting to form a partnership, but some issues hadn't been resolved, causing delays.
Peregrine, established for ten years, attracted a large number of talented individuals. Now that it was bankrupt, many chose to leave.
"What we lack now is not experience, but ability and talent!" Ji Jiasheng said.
"He can't even manage a million in funds, how can you expect him to have a concept of tens of millions or hundreds of millions?" Yu Dehui argued.
"He's not good at the million or ten-million level; he's good at big businesses worth hundreds of millions. He's good at judging the macroscopic trend!" Ji Jiasheng countered.
"But how can you prove it?" Yu Dehui asked.
"You..." Ji Jiasheng started.
"Anyway, he'll be here this afternoon. Let's discuss it after we meet!" Xu Xin interrupted their argument.
Xu Xin was from Daxia Country, female. She had a strong family background; her father was the head of a certain state-owned enterprise. She herself was a goddess in the slightly plump category. To establish herself in investment banking and be trusted, it wasn't something that could be achieved just by having a background, just like Liu Qingqing!
"Stop arguing. We'll only know if it works after we meet!" Lv Lang said. He was also a member of this startup team, experienced, and originally the team's analyst.
This team hadn't fully gelled yet, which might be why Xu Xin later went to Baling Capital.
Father He had already returned to the hotel, looking at the account with only 1.1 million Hong Kong dollars, with hardly any sadness left.
He had invested a total of over three million, and now less than half remained. This was understandable; this year and next, the number of people committing suicide by charcoal burning in Hong Kong was rising annually.
Under the dual blow of falling housing prices and stock market, many families in Hong Kong went bankrupt and ultimately chose suicide. This year's situation was not the worst; the next two years would be even tougher!
He Zhengcheng didn't think too much about that. He calculated how much money he had in his own account, and finally opened it to show Father He, hoping to boost his confidence.
"I borrowed over 500,000 a few days ago, and now..." He Zhengcheng didn't finish, but Father He saw the number displayed: a total of 960,000 funds. In less than a week, He Zhengcheng had made three to four hundred thousand.
"Be careful, and pay attention to controlling risk..." Father He warned.
"I know, don't worry. I'm going to see my friends from Peregrine. You all can eat dinner first, no need to wait for me." He Zhengcheng said.
He told his family that he was trading futures with a friend who had voluntarily resigned from Peregrine, was very skilled, and had insider information. No matter where, insider information always attracts retail investors, but making money from insider information is illegal!!
"Take these. When it's time to pay, pay proactively." Father He took out a stack of money and handed it to He Zhengcheng.
"Alright, I know!" He Zhengcheng took it. It was probably over ten thousand Hong Kong dollars.
The family was short on cash, and the hotel's business was also negatively affected, but the cash flow was good. Simply put, they weren't short on a few cigarette dollars, and treating people to meals wouldn't have much impact.
Walking on the way to Kowloon, He Zhengcheng felt no psychological burden about taking money from his parents. On the way, he bought a Nokia candy bar phone and got a business travel package, which he could use abroad.
The call charges were a bit expensive, but he might have a need for it...