pertwk Chapter 10 wasn't about me, it was about a friend of mine.
Chapter 10 wasn't about me, it was about a friend of mine.
Qin Nuanyang has absolutely no money on her hands right now.
I can only pretend I didn't see it for the time being.
We'll talk about it when we have the money.
"Wen He, are there any fast food options in our county that cost 800 yuan?"
She felt that Li Chao was lying to her, but as the eldest sister, she was too proud to go back on her word.
If you want to raise a question, you must first have evidence.
Not long after, Wen He replied, "Well... I think so."
"Where?" Qin Nuanyang asked again.
"It seems to be near the train station."
"Train station? Do you know which one specifically?"
"I don't know, why are you asking this, Sister Nuanyang?"
"It's okay, I'll ask around and find a chance to go get one."
"what?"
……
Time flies, and it's already Thursday, August 29th.
As soon as the opening auction began, Li Chao started paying attention to the stocks he had bought at the end of the previous day's trading session.
For the first five minutes of the auction, the stock opened at the daily limit down. It wasn't until after 9:20 that funds gradually came in to push the price up. Finally, at 9:25, the opening price was determined, and the stock opened two points higher.
The opening auction performed quite well; opening two points higher today is equivalent to closing five points above the opening price yesterday.
Normally, a reversal was expected today, but Li Chao sold all his shares at six points during the first wave of upward movement after the market opened.
After that, I held no positions and did not make any moves.
When it was time for lunch, I saw a message from Qin Nuanyang: "That stock hit its daily limit up, why did you sell it?"
"You know you've lost a lot of money, right? Enough for an 800-dollar fast food meal."
Li Chao: "..."
Indeed, after yesterday's market close, my account balance was close to 16,000 yuan, but I earned 4 points less today.
If it hits the daily limit today, there's a high probability it will still be able to profit from a few percentage points of premium tomorrow.
However, the biggest taboo in the day-to-day arbitrage model is greed.
Unless the stock hits its daily limit within five minutes of opening, it's advisable to observe further. Otherwise, any surge in price should be considered a selling opportunity.
For example, after he sold, the stock price was driven down two points below the opening price, a drop of eight points. If there is not enough buying support during the pullback, it might hit the daily limit down today.
The correctness of a process cannot be deduced from the result; doing so is like looking at a picture on an instant noodle package, which is only for reference and has no practical significance.
Sticking to the established pattern may not guarantee higher profits, but it will certainly minimize losses.
Fortunately, Qin Nuanyang has a strong sense of boundaries. Even though he likes to peek at accounts when he has nothing to do, he would never make any unauthorized operations for him.
It's normal for her to have those emotions, including when Li Chaohai saw the message she deliberately covered with an emoji.
The stock market is a place where emotions are manipulated. Behind the fluctuations of K-lines lies a mix of joy, anger, sorrow, and human greed.
Li Chao has also been manipulated. He did well in the short-term market in 23, but he encountered a bottleneck and his stock price was halved again and again in a very short period of time.
In 22, he had one million in his account.
In April 2022, the account reached a peak of 1.6 million, but by the end of June, it had been reduced to only 500,000.
Fortunately, we managed to get back on track by the end of the year, returning to a capital scale of two million.
That repeated halving of his investment was unforgettable for him. It was after that experience that he developed an absolute respect for the market, strictly defined his own model, and never wavered in it again.
There were previous models, but they were always adjusted temporarily for various reasons.
For example, the position size was too large, or greed took over the mind, wanting to gain a few more percentage points of profit, or the holdings of other stocks were affected, and the desire to sell only after the account turned red.
After all, some stocks in an account make money while others lose money, and they influence each other. It's perfectly normal to fall into a state of confusion when you can't treat those stocks as independent entities.
Li Chao has fallen into quite a few pitfalls.
Previously, his overall funds had been rising, so he didn't pay much attention to those minor issues. It wasn't until he lost money for two consecutive months, with his account showing losses every day, that he truly realized the existence of those quagmires.
He also experienced drawdowns later on. For example, after investing over 100 million, he lost more than 10 million. However, such drawdowns were not considered losses, and he continued to strictly follow his own model.
"Hey, didn't you say you were going to get reimbursed? Why hasn't the money been transferred yet?"
Li Chao replied.
Then, Qin Nuanyang stopped talking.
In addition, Qin Nuanyang seemed somewhat afraid of communicating with him face-to-face, and after the chat ended, Li Chao could hardly feel her presence.
……
"Wen He, what if... I mean, what if a boy suddenly likes a girl? Would that affect his exam scores?"
Qin Nuanyang asked her best friend.
Actually, she had already checked online, and everyone said it would have an impact.
After returning home last night, his father, Qin Zhiguo, specifically inquired about Li Chao's situation, saying that this mock exam was very important and many teachers were looking forward to Li Chao's performance.
Very few students from Xichuan No. 1 High School can get into Tsinghua or Peking University; sometimes it takes several years for one student to be admitted.
Li Chao is the most promising science graduate.
Especially in the final exam of the second year of high school, which was generally difficult, he defied the odds and became the top science student. Before that, he had never been number one.
What does this show? It shows that Li Chao has enormous potential.
If I raise my score a little more, I might be able to get into Tsinghua or Peking University.
Qin Nuanyang still remembers the serious expression on her father's face when he said those words. He repeatedly told her that if anything went wrong with Li Chao, she should tell him immediately and make sure it didn't affect Li Chao's grades.
Qin Nuanyang didn't know if being in a relationship counted...
Li Chao, that guy, used to turn away as soon as he saw me, but now he not only doesn't shy away at all, but also takes the initiative to chat with me.
Besides, what high school student is always thinking about investing in stocks?
There's definitely something wrong with him!
Wen He replied, "It probably will have an impact. After all, being in a relationship can affect your concentration on studying, and your mind will always be filled with all sorts of random thoughts. But there seem to be exceptions, like when two people are together, they might motivate each other and study even harder."
"What if you don't end up together?"
"Huh? You got rejected after confessing your feelings?"
"Well... it's hard to say, but it's pretty much... I guess what he said could be considered a confession..."
Who stares at themselves and then claims they're looking at a beautiful woman?
Wen He: "That should have some impact."
Is there any way to avoid this impact?
"Um... um... I don't know... Does Sister Nuanyang like him?"
"It wasn't me, it was a friend of mine."
……
On Friday, Li Chao didn't find any suitable opportunities, and the consecutive limit-up days still weren't going well, so he simply stayed out of the market for another day.
Given that it's Friday, the uncertainty surrounding holding positions over the holiday will increase further.
In the afternoon, the homeroom teacher, Zhang Xiangsong, came over and handed out the admission tickets. The start time of the first mock exam was arranged strictly according to the college entrance examination time, as were the exam subjects.
Li Chao looked at the short, crew-cut middle-aged man with sharp, capable eyes.
When I gave Li Chao his exam admission ticket, I chatted with him a bit more, telling him to take it seriously this time and try to get first place in science again.
After all, Li Chao's last top score in science was in the final exam of his junior year of high school, and now he is in his senior year.
Li Chao gave a few perfunctory replies, as was his custom.
There was no evening self-study session on Friday. After school, Li Chao ate dinner and returned to his rented room to start thinking of ways to prepare for the upcoming mock exam.
Then, I received a message from Qin Nuanyang.
"Li Chao, I was too absolute in my words the day before yesterday. It shouldn't affect your exam, right?"
"What?" Li Chao replied.
"Look at you, asking that on purpose... Actually, you're pretty good too, but I think we should talk about dating after the college entrance exam. Seriously, do your best on the exam this time, try to get first place in science again, and I'll treat you to an 800-yuan fast food meal then."