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5.36% "Super Stock Trader" / Chapter 8: Chapter 008 Stop Loss by Zhou Yi

Bab 8: Chapter 008 Stop Loss by Zhou Yi

After a moment of trance, time rewound to ten seconds ago.

When he came to his senses, Chen Wei immediately withdrew the fifty long positions he had placed below, and then placed fifty short positions directly at the price of 15.74.

As soon as he placed them, they began to trade.

Next to him, Zhou Yi was staring at the market, and when he noticed Chen Wei's rapid order cancellations and placements, he subconsciously glanced over.

Then he was stunned to find that Chen Wei had withdrawn the long positions below and instead placed short positions above!

And they were already in the market!

Zhou Yi was puzzled by Chen Wei's actions.

At this point, there was still no anomaly in the market, with still dozens of NYSE bids at 15.75, and the electronic program was still executing trades at seventeen to eighteen lots.

Zhou Yi really couldn't understand why Chen Wei withdrew the long positions and went short!

Just as he was about to ridicule Chen Wei, he heard Chen Wei say, "Don't blame me for not warning you. You'd better withdraw your buy orders!"

Zhou Yi laughed directly and said, "I say, Chen Wei, you've just made a little money and you've lost your sense of direction? Shorting this stock, are you seeking death? If you want to go short, do it yourself. I'll stick to going long."

Not just Zhou Yi, any experienced trader wouldn't short this stock. Although the buy orders below were thin, there was no need to worry about exiting long positions because of the electronic program. But short positions were different. Firstly, the downward waves were irregular, making it difficult for short positions to exit. Secondly, no one knew exactly how many lots were at 15.75.

Once those lots were gone and the sell orders above were thin, the electronic program could instantly push the stock price to a much higher level!

That would mean huge losses for short positions!

So, most experienced traders wouldn't dare to go short on this stock. If it weren't for Chen Wei having a skill, he wouldn't dare to go short either.

Just as Zhou Yi finished speaking, the market suddenly dropped.

His two hundred long positions were immediately executed.

"Oh, we're in! Let's make five or six thousand first! Huh? You didn't get out just now? That's a shame. We don't know when the next drop will come. You just wait here slowly! Of course, if you don't want to wait, I'll place an order at 15.74 for you to sell to me. At least you won't lose money."

Zhou Yi said triumphantly.

Chen Wei remained silent, quietly watching him, as if watching a fool.

"What? Reluctant? Then I'll place an order at 15.73 for you, so you can make a penny. How about that? Hahaha!"

Zhou Yi didn't notice that the electronic program had stopped, and continued to taunt.

"Still in the mood to laugh? Look at the market!"

Chen Wei said lightly, ignoring Zhou Yi and focusing on the market, thinking about at what price his fifty short positions would exit.

Upon hearing this, Zhou Yi finally looked at the market.

And then, he froze!

The electronic program had stopped!

Cold sweat immediately broke out on Zhou Yi's forehead!

He had over two hundred long positions!

And the buy orders below were thin!

Zhou Yi hesitated whether to cut his losses.

As he hesitated, the market suddenly dropped again.

Someone was cutting losses!

Hundreds of lots were sold, directly pushing the stock price to $15!

Zhou Yi's two hundred positions were bought at 15.45 and 15.50, instantly losing nine thousand five hundred!

Zhou Yi had made a profit of over eight thousand this month, and it was about to exceed ten thousand. But now, he was losing!

Zhou Yi looked at the screen in disbelief, his face pale, his hand holding the mouse trembling, and his lips trembling.

"Why hesitate to cut losses?"

Chen Wei couldn't help but rebuke.

With over a hundred buy orders at $15, even if they couldn't all be sold, cutting most of them would reduce Zhou Yi's losses considerably if the stock price continued to fall.

After all, Chen Wei wasn't the kind of person to gloat over others' misfortune.

"Shut up!"

Zhou Yi immediately shouted at Chen Wei.

Chen Wei frowned, looked at Zhou Yi coldly, said nothing more, and continued to watch the market.

In Chen Wei's view, the $15 price level was bound to break!

When the first wave of selling occurred, there were seven or eight hundred lots, which meant that seven or eight hundred long positions were sold.

The second wave of selling was probably due to stop-loss orders, with about three hundred lots.

There should still be four or five hundred long positions trapped like Zhou Yi.

Over a hundred lots at $15 couldn't stop the downward pressure.

Although most trapped long positions, like Zhou Yi at this moment, were still hoping that the $15 buy order could hold for a while, maybe the electronic program would come back in a moment.

But Chen Wei was clear that no matter if the electronic program returned, the $15 price level was inevitable.

It was a game of psychology.

With four or five hundred long positions trapped and only a hundred lots at $15, someone would worry that others would eat up the $15 buy order and stop loss before them.

At this moment, there was a loud noise from Zhao Yang's office, as if he had kicked the chair.

Then, with a dark face, Zhao Yang came out of the office.

He went straight to Zhou Yi and saw that Zhou Yi had over two hundred positions. He said angrily, "Didn't I tell you to enter fewer positions? Why did you enter so many!"

Zhou Yi was scolded speechless.

Zhao Yang took a deep breath, calmed down a bit, and said again, "Cut your losses quickly, don't wait."

"Aren't these hundred lots enough to hold on for a while? Maybe the electronic program will come back soon!"

If Zhou Yi stopped here, he would lose more than nine thousand seven hundred.


next chapter

Bab 9: Chapter 009: Father's Phone Call

After more than a hundred hands of buy orders at $15 were knocked out by Zhou Yi, those other trapped bulls began to stop loss one after another, and the stock price plummeted to $14.50 in an instant.

Chen Wei glanced at the trading volume and estimated that most of those trapped bulls had already stopped loss, and there were still tens of hands of buy orders at $14.50. He figured that the price might not drop further for a while, so he placed a hidden exit order at $14.51.

As there were sporadic downward trades, Chen Wei's fifty-hand order was quickly filled.

This trade was short at $15.74 and exited at $14.51, fifty hands, with a profit of $6,150!

Including the previous $4,200 profit, Chen Wei's total profit for the day had exceeded ten thousand, reaching $10,350!

After closing the position, Chen Wei leaned back in his chair, looking relaxed.

His skill had been exhausted, and he had made a good amount of money for the day. It was not even noon yet, with more than four hours until the market closed, and Chen Wei had no intention of trading anymore. He decided to take a break, read some novels.

On the other hand, Zhou Yi, with a gloomy face, stared at the screen with the bright red numbers indicating his losses!

He had lost over eight thousand seven hundred!

Originally dreaming of making over ten thousand this month, now he had directly turned into negative numbers!

Beside him, Zhao Yang's expression was also grim.

The company had eight trading teams, and each team leader was evaluated monthly.

Originally, Zhao Yang's team had a good chance of taking first place this month.

But now, Zhou Yi lost over eight thousand, and Zhao Yang himself had just lost over ten thousand. Fortunately, he had already made five to six thousand earlier. Altogether, they had lost over five thousand today. With Zhou Yi's losses added, the two of them had lost over fourteen thousand today.

Now, forget about aiming for first place, even avoiding last place would be difficult!

Zhao Yang felt extremely frustrated. He stood behind Zhou Yi for a while, feeling angry, before he remembered Chen Wei.

When he turned to look at Chen Wei, who was sitting there leisurely, Zhao Yang asked in a cold voice, "Chen Wei, how much did you lose?"

"Lose money? Why would I?"

Chen Wei glanced at Zhao Yang and asked.

Without further ado, Zhao Yang went to Chen Wei and took a look at his screen, then he was stunned!

He actually made over ten thousand!

Zhao Yang couldn't believe it. He rubbed his eyes vigorously.

Yes, it was over ten thousand!

Ignoring everything else, Zhao Yang immediately took Chen Wei's mouse and opened Chen Wei's trading records.

"You went short?"

After looking for a while, Zhao Yang frowned and asked.

"Yes, any problem?"

Chen Wei asked back, pretending to be puzzled.

"Why did you go short?"

Zhao Yang asked with a tone of questioning.

Although Chen Wei made money on this trade, under the circumstances at that time, he shouldn't have gone short anyway!

"Didn't you tell me that this stock might experience a significant drop? So I listened to you and went short. What's wrong?"

Chen Wei replied with a puzzled expression.

This left Zhao Yang speechless!

His face turned red with anger!

After a while, he said angrily, "Fine, you are quite obedient!"

"Of course, Manager Zhao, I occasionally listen to your advice."

Chen Wei replied with a faint smile.

Zhao Yang was almost furious!

With a snort, he turned and left.

If he stayed any longer, he might really get sick from anger.

As he passed by Zhou Yi, Zhao Yang couldn't help but say, "I told you this stock might experience a significant drop. Chen Wei listened to me and went short, but you stupidly went long and even entered so many positions! You'd better reflect on it!"

This made Zhou Yi almost spit blood!

Do you still have any shame?

I don't believe you didn't enter a long position just now! Maybe those three hundred hands that were sold just now were yours!

However, Zhou Yi could only think this in his heart and didn't dare to say it out loud.

While Chen Wei had made enough, he was leisurely reading novels here, Zhou Yi had lost his mood to trade and had already lost beyond his margin limit. He couldn't trade anymore and started reading novels too.

After reading for a while, Chen Wei felt bored and glanced at the skill interface in his mind.

At this time, the pointer had returned to position 0, and the bright red '1' had dimmed like the other numbers. The countdown at the top had also started.

Besides, the experience bar at the bottom unexpectedly increased by 4 points, becoming 4/100!

Chen Wei was stunned!

Then he realized that he must have used his skill just now, earning that $6,150, which was a direct change to past events.

However, he didn't know how these four experience points were calculated.

With a thought, Chen Wei opened the notepad on his phone and recorded a few numbers:

6150, 4.

As long as he recorded a few more times, it would be easy to find the calculation pattern.

After finishing these, Chen Wei no longer paid attention to the skill interface and found another novel to read.

Just as he finished reading, it was time for the market to close.

As soon as the market closed, Zhou Yi shut down his computer and left without a word.

Chen Wei also shut down his computer and left the company, leisurely heading home.

Walking on the street, breathing in the slightly cool fresh air of early autumn, his mood was obviously different from yesterday.

Yesterday, he was feeling frustrated, even doubting whether he was suitable for this job.

But today, he felt cheerful!

He made over ten thousand in one night! The commission was not small!

If he could earn this much every night, he could buy a house and a car in just one or two months!

His girlfriend, Xu Lili, would no longer complain about him not making money!

His parents wouldn't have to work so hard in their hometown anymore!

Those relatives and friends wouldn't laugh at him anymore!

Thinking about this, Chen Wei walked while thinking. After a while, he took out his phone, thinking about whether to send a text message to Xu Lili to tell her that he had made money.

But then he thought it over and decided against it. It was Wednesday today. He would tell her in person when he went to see her over the weekend!

It took about an hour to walk from the company to Chen Wei's place.

When he got downstairs, Chen Wei didn't buy buns this time. Instead, he ordered a bowl of ten-yuan wontons and two tea eggs, as well as a meat bun.

Having made money, he had to eat something good...

While he was eating, his phone rang.

Chen Wei was a little surprised. Who would call him so early in the morning?

He took out his phone and saw that it was his father calling.

Chen Wei quickly answered, "Dad, what's up? Why did you call so early? Is everything okay?"

On the other end of the phone came his father Chen Jianping's hoarse voice: "Oh, it's nothing. I just called to ask how you've been lately."

"We're fine, Dad. Are you and Mom okay?"

"We're fine too. You don't have to worry about us. It's just... How's your job going?"

Chen Jianping hesitated a bit.

"It's going well, Dad. Let me tell you, I'll be making big money soon! By then, I'll buy a house or two here in Yunzhou. No, I'll buy two houses. You and Mom can come and live with me. You don't have to work anymore. I'll support you!"

Chen Wei said excitedly.

There was a moment of silence on the other end of the phone, then Chen Jianping spoke, "Xiao Wei, your cousin from Aunt Zhang's family came back yesterday."


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