Chapter 143: Chapter 143: Zhou Yi's Warning
The initial success earned the respect of the newcomers, and Wang Zhaoguo felt quite proud.
"That's just small money, nothing to get excited about," he said. "If you work hard, you'll soon reach my level. It's easy to make a few hundred dollars in one night."
The newcomers were even more excited after hearing this, eager to start trading for real.
After making this trade, Wang Zhaoguo's confidence soared.
See, I knew I was good!
But soon, Wang Zhaoguo got hit with a setback.
He saw another opportunity, entered ten lots, and lost thirty dollars.
"Darn, I misjudged that one. I thought it would break out, but it was a false breakout. You'll encounter these false breakouts often in the U.S. stock market. When you do, you need to cut your losses immediately. Don't hesitate!" Wang Zhaoguo used the moment to teach the newcomers.
The newcomers quickly nodded, looking as if they were learning a valuable lesson.
But the next moment, the stock price surged again!
If Wang Zhaoguo had waited, he could have made over a hundred dollars instead of losing money.
"Well, although it went up again, in such cases, you must cut your losses because we don't know if the price will rise. If it drops further, the loss would be bigger. So, don't think next time you won't cut losses just because this time it went up. Never have a gambler's mentality. In trading, you must be decisive about cutting losses," Wang Zhaoguo explained, feeling a bit hot in the face.
The newcomers nodded, seemingly understanding.
Fortunately, this loss wasn't too big. Overall, he still had a profit of twenty dollars.
Wang Zhaoguo calmed himself down and continued looking for opportunities.
After much effort, he found another seemingly good opportunity, but it resulted in another loss...
This time, he was in the red.
"Well...I rushed in too quickly. You mustn't be hasty when entering trades," Wang Zhaoguo explained again, but this time with less confidence.
After two consecutive losses, Wang Zhaoguo was feeling embarrassed and wanted to recover his losses. His mindset became anxious, which affected his judgment.
He incurred two more losses in a row, now down over a hundred dollars.
Wang Zhaoguo stopped talking.
The newcomers around him also fell silent, exchanging glances.
At this point, Wang Zhaoguo missed Chen Wei. When he lost money before, he didn't worry much. He would just wait for Chen Wei to call out a stock, make a few hundred dollars, and be back in the game!
But now, no one was calling out stocks.
Wang Zhaoguo discreetly glanced at Yuan Tong sitting at the back, hoping Yuan Tong would call out a stock for him to follow.
But Yuan Tong was focused on his own trades, showing no intention of calling out stocks.
With a sigh, Wang Zhaoguo continued scanning for opportunities.
After several losses, he lacked confidence. Even when he spotted good opportunities, he hesitated to enter, missing the chances.
He hadn't made a trade for over an hour.
The newcomers around him were looking disheartened, with a few quietly taking out their phones to pass the time...
Wang Zhaoguo hesitated and finally opened QQ to send Zhou Yi a message: "Brother Zhou, got any stock tips?"
Zhou Yi didn't reply for a long time...
Unwilling to give up, Wang Zhaoguo messaged another friend, Miao Qing: "Old Miao, got any stock tips? Help a brother out, I'm losing badly!"
He also sent Miao Qing a screenshot of his losses.
Miao Qing, who was with Tianrun, quickly replied with just a screenshot and a laughing emoji.
The screenshot showed Miao Qing's earnings: over 1,300 dollars.
No stock names, just the profits.
"Wow, who's that? Made so much?" a newcomer exclaimed.
The others quickly looked over, and they all exclaimed:
"Wow, over 1,300 dollars! That's impressive!"
"Brother Wang, is this the legendary expert?"
"Earning this much in a day, that's over ten thousand a month!"
The newcomers' excitement attracted the attention of some of the older traders.
They too hadn't made much money. When they saw the screenshot, their expressions turned a bit strange:
"Old Miao made this much?"
"Must be following Chen Wei."
"Sigh, if only... Forget it. Old Wang, ask Miao Qing what stock he traded."
Wang Zhaoguo didn't need them to tell him. He quickly messaged Miao Qing again: "Old Miao, what stock did you trade to make this much?"
"Chen Wei called out a few opportunities. I was slow, didn't get much, just earned this bit. The others made thousands. Brother Zhou earned over ten thousand."
Miao Qing replied, still not naming any stocks.
"Sigh, Old Miao isn't being very generous. He could at least share good opportunities with us, but he won't even say what stock he's trading," one of the veterans complained.
"You can't blame him," another sighed and shook his head. "After all, we're not in the same group anymore. Besides, the stocks that Old Chen calls out move too quickly. Even if he wanted to tell us, he wouldn't have time. Let's just focus on making our own money."
The others also shook their heads and returned to their seats.
Yuan Tong came over and asked, "What's going on? Who's making money?"
"Miao Qing. He made over a thousand."
Feeling irritated, Wang Zhaoguo replied despite his frustration.
Yuan Tong didn't need Wang to say more; he had already seen Miao Qing's message. His face darkened as he said, "No need to envy them. Their method isn't sustainable. Chen Wei can't lead them all the time, and even he can't guarantee consistent profits. Just focus on your own trades. You can look at DRYS; there's a dark pool there. Trade small lots to get familiar with this kind of stock. If done well, it can also be profitable."
Wang Zhaoguo quickly switched to the DRYS stock and started studying it. But after a while, he couldn't figure out any patterns and wanted to ask Yuan Tong, who had already returned to his seat.
Meanwhile, at Tianrun, Miao Qing grinned and said to everyone, "Wang Zhaoguo asked me for stock tips."
Zhou Yi glanced at him and asked, "Did you tell him?"
"Of course not! I just sent him a screenshot of my profits, hehe! That guy lost over a hundred, and seeing my gains must have stung."
Miao Qing chuckled.
"Good," Zhou Yi warned the group coldly. "Wang Zhaoguo asked me too, and I ignored him. Remember, we've left Meitai now. We can keep in touch with the others, but never reveal what stocks we're trading. Otherwise, don't blame me for being harsh!"
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