fictionpage Chapter 24: Earning 5000 in one day?
Chapter 24: Earning 5000 in one day?
"Achoo! Achoo!"
Lin Qi sat in front of the computer, sneezing incessantly.
"Are you feeling cold?"
Zhang Xin reached out and pinched his suit jacket: "This jacket is very thin and doesn't block the wind at all."
"It's nothing, it's probably just someone talking about me."
Lin Qi didn't feel cold. He casually replied and pointed to the K-line chart on the screen, explaining to his uncle and Zhang Haozhe, "This is the price of garlic. It shows 820 yuan per ton, which is 41 cents per jin."
After having mutton soup in the afternoon, he went to the stock exchange in the Broadcasting Building to open an account and deposited all of his 20,000 yuan principal into the account.
The software on the screen is the trading software for the Shouguang electronic trading platform, which is similar to regular futures and stock trading software.
You can see price trend candlestick charts and trading information from centralized bidding.
Lynch needed to teach his uncle how to trade, so he had to teach him the most basic knowledge.
"Like futures, garlic warehouse receipts are also calculated in lots."
The "1 lot" shown here represents 1 ton of raw garlic.
However, if you want to buy a long position of 1 ton, you only need to spend 20% of the money because you can leverage it.
The price is currently 820 yuan per ton, so buying more than 1 ton would only cost 164 yuan.
This 164 yuan is the deposit.
For garlic, the daily price fluctuation is ±5%.
That is, once it rises by 5% each day, it can't rise any further, and if it falls, it can only fall by 5%.
1吨820块钱的生蒜涨5%，就变成861块了，涨了41块钱。
But you only used 164 yuan as your deposit.
This means that you earned 41 yuan on an investment of 164 yuan, which is a 25% return in one day.
While listening to Lin Qi's explanation, Zhang Xin and Zhang Haozhe were both using the calculators on their phones to calculate numbers.
Zhang Xin kept his head down, smoothing his bangs with one hand to avoid obstructing his view, while operating his phone with the other, calculating intently.
"If we deposit 20,000 yuan, we can buy 24.39 tons of garlic..."
"No, no, that's not right."
Zhang Haozhe reminded, "Buying one ton only requires 20% of the price, so divide by 164, which gives you 121.9 tons!"
"If it goes up by 5%, you could earn that much in a day..."
Zhang Xin smoothed his hair, feeling like his brain was in turmoil.
"About 5000 yuan."
Lin Qi directly calculated the answer for him.
"Five thousand!"
Zhang Xin's eyes widened, and he exchanged a glance with Zhang Haozhe, whose eyes were also wide open. He instantly became so excited that his face turned red.
Earning 5000 a day?
That's faster than robbing someone!
Lynch was very pleased to see that they had finally realized the enormous profits from trading.
However, to prevent them from being blinded by huge profits, Lin Qi still reminded them: "This is the ideal situation. Don't forget, it's possible that it could drop by 5%?"
If it falls, it will be a drop of 5,000; the losses will be swift.
"What should we do then?"
Zhang Xin panicked: "Who knows if it will go up or down?"
He didn't understand the ins and outs before, but now that he does, how can he not be anxious as he watches the money he could have made slip away?
Lin Qi smiled.
He pointed to himself: "I know."
Looking at his confident expression, Zhang Xin then remembered the news Lin Qi had shown him on the computer the night before, and the judgment he had made at that time.
"So...we're going to make a fortune this time?!"
Zhang Xin was so excited he almost jumped up.
He had never encountered such a tremendous business opportunity in his entire life!
Zhang Haozhe was equally excited.
This was the first time he had ever realized that making money could be so ruthless!
Shh, don't make a sound.
Lin Qi raised his index finger: "It's best not to let anyone know about this. Keeping quiet is the key to making a fortune."
"clear!"
Zhang Haozhe nodded vigorously.
Zhang Xin grabbed Lin Qi's arm, suppressing his excitement: "It's true that family members side with each other. If this succeeds, I'll work for you for life!"
Hearing him say that, Zhang Haozhe realized how generous Lin Qi was to bring an outsider like him into the group.
"Da Lin!"
He pounded his chest, deeply moved: "I'm not saying anything more, I'll follow you from now on!"
"We're all brothers, so let's not talk like strangers."
Lin Qi put his arm around his shoulder, took out a wad of cash from his pocket, and handed it to him: "Take this money. Go to Jinxiang County tomorrow. This is your operating expenses for the next few days."
Zhang Haozhe instinctively wanted to refuse: "No need, I have some..."
He brought some money with him this time.
"Take it."
Lin Qi stuffed the money into his hand and solemnly instructed him, "Remember, the burden on your shoulders is the heaviest."
The information you gather can help me judge price trends, which determines whether we can make money and how much money we can make.
So when you get there, don't be stingy with money. Stay somewhere safe and buy some good cigarettes.
We'll send you the money again in a few days once we've made some money here.
"Dalin, I..."
These words made Zhang Haozhe very nervous, and he couldn't help but fall into self-doubt: "I'm afraid I won't do a good job..."
"You can do it, I believe in you."
Lynch encouraged him, "You have a great ability to deal with people and can get along with anyone. That's your talent."
You should leverage this advantage to build your social circle and information network.
When you truly have friends all over the world, it will be hard to be poor even if you want to.
"I don't have that kind of ability..."
Zhang Haozhe was still somewhat hesitant.
"Of course you have it."
Lin Qi patted his thigh: "Besides, I'm here for you, aren't I? I'll cover for you, what are you afraid of?"
This sentence gave Zhang Haozhe a lot of confidence.
Looking at the candlestick chart on the screen, his enthusiasm was rekindled: "Okay! I'll give it my all!"
"come on!"
Zhang Xin, listening from the side, was also filled with enthusiasm: "I believe in you too! You can definitely do it!"
Lin Qi seized the opportunity and pulled Zhang Haozhe aside to explain the precautions.
"Don't put too much pressure on yourself, just treat it as an experience of life."
You must be careful this time since you're going alone.
Avoid getting into conflicts with others, and don't go to places where you drink at night.
As long as no one gets hurt, everything is negotiable...
After giving him some instructions, Lin Qi gave him the hotel key and told him to go back to the hotel to sleep.
The six hundred yuan given to him was the last of Lin Qi's money.
My uncle only has a little over 300 yuan left, so he has to be careful with it.
So Lin Qi booked a hotel room for Zhang Haozhe, who had to travel the next day, to sleep in.
He and his uncle booked an all-night session at an internet cafe, planning to make do for a few days.
My uncle works as an internet cafe manager and knows the place inside and out. Plus, with his unconventional hairstyle, not many people dare to mess with him, so he's pretty safe.
After researching for half the night, Lin Qi slept on a chair in the internet cafe until dawn. He then went out to see Zhang Haozhe off to his car and brought back two breakfasts to the internet cafe.
They woke up their sleeping uncle, went to the bathroom to wash up with the toiletries they had brought, and then the two of them wolfed down their breakfast.
After some calculations last night, my uncle's interest has been completely ignited, and he's even stopped playing his favorite game, Audition Online.
After finishing breakfast, he craned his neck to look at Lin Qi's computer screen, waiting for the market to open.
Finally, at 9 a.m., the electronic trading platform officially began trading.
It moved!
Zhang Xin pointed at the candlestick chart on the screen and exclaimed in surprise.