Su Yi nodded and said,
"Yes, continue with 5x leverage and maximum margin financing."
"This... I need to ask our manager."
Chen Anya felt Su Yi was crazy.
She had never seen such a gambler with bloodshot eyes, earning almost a million and still not satisfied.
"Because margin financing services for funds above one million yuan are usually applied for and processed by our manager."
"Okay, no problem,"
Su Yi said with a smile.
After that, he sat in the lounge for a while, and Manager Yang from the business department of 'Yinghui Financial' company hurried over.
"Mr. Su, I will handle the relevant business for you next."
"Good!" Su Yi replied.
"Having cooperated once before, I'm clear on the rules. Manager Yang, please directly apply for the account for me. I'll immediately transfer the 1 million yuan margin to your company's account."
After speaking, Su Yi did not hesitate.
He directly transferred the 1 million yuan, which had not yet "warmed up" in his bank account, to the account requested by the other party, to be frozen as margin.
Afterward, he signed another relevant margin trading contract and the corresponding risk disclosure statement.
Subsequently, the business processing was completed.
Manager Yang immediately applied for the corresponding margin trading account with the company.
However, because the amount of margin financing Su Yi applied for this time was quite large, including his own principal, a stock index futures trading account with a total of 6 million yuan was only handed over to him around 2 PM, after passing the company's internal review.
After receiving the stock index futures trading account with 6 million yuan.
Su Yi once again sat back in front of the computer in the 'Yinghui Financial' company's trading room.
Over the past few days, General Manager Lin, who had chatted with him quite a bit, now looked at him like he was a madman.
"You've earned 1 million, aren't you going to stop?"
General Manager Lin asked, looking at his frantic appearance.
Su Yi smiled and replied,
"It's only 1 million yuan, not 100 million. How is that enough? Besides, the market opportunities are so good, there's no reason to stop!"
"With such a high-stakes gamble like yours, luck won't always be on your side!"
General Manager Lin warned.
Su Yi said, "It doesn't matter if it's not on my side. Anyway, it's money I earned before, I can afford to lose it, and... my luck has always been good."
As he spoke, Su Yi logged into his account while observing the market.
During the time he was away.
On the market, the bulls had counterattacked fiercely.
The Shanghai Composite Index not only recovered all its morning losses but also continued to rise, reaching a gain of around 1.68%. As for the CSI 500 Index, it surged all the way from its intraday low in the morning to a gain of 2.02%.
"This time, are you planning to go short or long?"
General Manager Lin continued to ask.
Su Yi stared at the market and firmly replied,
"I'm still bearish on the market, so I will continue to go short."
"Still going short?"
General Manager Lin was utterly stunned.
"Do you know the saying 'sharp drops are common in a bull market'? The market has completed a round of adjustment, and it will definitely restart its offensive and return to 5000 points. How could it still fall? You're still going short... what's the difference between this and suicide?"
Su Yi said, "If I'm bearish, I naturally go short. I only know that trading requires consistency between knowledge and action."
After speaking, Su Yi didn't wait for General Manager Lin to react.
He immediately placed 20 short orders on the CSI 500 Index at a 2.05% gain, or 11100 points, spending over 3.55 million yuan.
General Manager Lin's heart almost skipped a beat when he saw Su Yi instantly place 20 short orders.
According to exchange regulations, trading the main contract of the CSI 500 Index Futures uses an 8% margin trading model, meaning this investment product naturally carries 12.5 times leverage.
And a margin of 3.55 million yuan is equivalent to a contract market value of 42.6 million yuan.
With this contract market value, based on Su Yi's principal of 1 million yuan, the principal would be wiped out if the index moved just 2% in the opposite direction of Su Yi's order.
It can be said that such a trading model has virtually no room for error tolerance.
Of course, if the direction is right, it leads to huge profits.
"Your trading model is even more outrageous than gambling in Macao," General Manager Lin said.
"And you've completely become my opposing trade; I don't believe you can succeed."
Su Yi smiled and said,
"Maybe luck really is on my side?"
General Manager Lin thought for a moment and said,
"If that's truly the case, then I'll liquidate my stocks and go short on stock index futures with you."
He didn't believe that with such a low tolerance for error, Su Yi could still make money by shorting the index and exit, especially when the index had already completed a round of adjustment and was about to re-attack the 5000-point mark.
If that were truly the case...
Then he felt that the foundation of the bull market would no longer exist.
As the two spoke, the trading account Su Yi operated had already incurred losses exceeding 80,000 yuan.
Meanwhile, General Manager Lin's stock holding account had made over 3 million yuan in intraday profits, nearly recovering yesterday's 4 million yuan loss.
Unfortunately, after rebounding all the way to 4983.68 points, the Shanghai Composite Index began to fall back.
It ultimately failed to break through the 5000-point integer mark as everyone had hoped, completely restoring the market's bullish sentiment.
As for the main contract of the CSI 500 Index Futures held by Su Yi, the closing point was exactly at Su Yi's opening position of 11100 points, closing up 2.05%, with an intraday fluctuation of nearly 6%.
Facing the deep V-shaped rebound after a continuous market crash.
Whether it was the margin trading staff in the 'Yinghui Financial' company's trading room or other leveraged investors in the market, all wore expressions of survivors after a catastrophe.
Everyone believed that the market's adjustment should have ended with today's deep V-shaped movement.
Very few people realized that a larger bearish storm and a more violent market crash risk were quietly approaching.
In the evening, the trend of overseas markets finally bottomed out and rebounded.
And on the next day, Thursday, June 18th, the market generally opened significantly higher, stimulated by both the restoration of bullish sentiment and the trend of overseas markets.
However, facing the resistance level of 5000 points above.
The Shanghai Composite Index still appeared hesitant.
After half a day of fluctuation, no matter how much volume increased, it remained suppressed below 5000 points.
As for the main contract of the 'CSI 500 Index' stock index futures held by Su Yi, although the market fluctuation was larger, its trend was basically consistent with the Shanghai Composite Index.
It was also suppressed below yesterday's intraday high, and no matter how much volume increased, it could not form a smooth upward breakthrough.
Thanks to the weak fluctuations of the stock index.
Su Yi's holding profit and loss changes have always remained within a relatively safe range.
"Why can't it get past?"
Around 1:30 PM, General Manager Lin watched as the Shanghai Composite Index failed to break through 5000 points again.
At the same time, he noticed that his own holding account had started losing money again, and he couldn't help but frown.
"There's no reason why hitting 5000 points should be so difficult!"
"If the market can't pass with 2 trillion yuan in volume, then it really can't pass," Su Yi said with a smile, interjecting.
General Manager Lin retorted,
"There's still room for market volume to increase. 5000 points absolutely cannot be the high point of this bull market. Go to various brokerage branches and you'll see many people queuing to open accounts, waiting to enter the market..."
However, he hadn't finished speaking.
The market trend once again took a sharp turn downward.
The Shanghai Composite Index plunged rapidly, while the Shenzhen Component Index and ChiNext Index plummeted directly.
Highly watched hot stocks in the market were all met with massive selling pressure.
In just 5 minutes, all market indices turned from gains to losses.
The entire market's sideways consolidation was completely broken.
Subsequently, the loosening chips completely collapsed under immense selling pressure.
The bulls, unable to hold on, directly crumbled a thousand miles amid the surging selling.
(End of chapter)
Note: If this novel gets 300 power stones in a week, I will upload 2 chapters/day for the entirety of the following week.
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