Chapter 178: Torturing Market
The name of the fund sets the tone.
Qingtian Global Select Mixed (QDII).
On Monday, it took both parties six hours to draft the contract. After everything was prepared, they began to transfer funds and wait for approval.
Yu Yue was so shocked when he saw that his boss had quietly secured QDII fund shares, with the amount reaching US$1.5 billion.
That's $1.5 billion.
Dawn Capital, with a quota of US$100 million, dares to sell tens of millions. Only super-large funds can apply for a quota of US$1.5 billion, and they also have to face extremely strict supervision.
Li Yuan said to Yu Yue, "Boss Yu, get to know Manager Ye. He will be in charge of the night shift in the future. You can help him get familiar with our company this week."
Ye Sheng must come along, because he has to write reports personally on the daily data situation.
As he was also the general manager, Li Yuan changed Yue's address to "General Manager Yu" to distinguish their levels.
In private, he usually calls him Mr. Yu, and only calls him Manager Yu when they are alone.
You can't, as the boss, call others "boss", right?
The current occasion is more suitable to give Yu Yue a fair name.
Yu Yue naturally understood the meaning of the title, and said to Ye Sheng with a smile: "Manager Ye, nice to meet you."
"Please give me more guidance in the future, Mr. Yu."
Although their working hours do not overlap, Yu Yue is in charge of everything. Ye Sheng does not have the authority to do many things, so he has to trouble Yu Yue to make arrangements.
To put it bluntly, he is just an overseer, an overseer without authority, and he may be fired at any time.
In fact, he already wanted to back out.
Li Yuan was chosen at first because of his introduction by Hong Dadu. Later, after investigation, it was discovered that Li Yuan was extremely talented.
Then, this task was assigned to him.
He came to gild himself.
Li Yuan himself has no qualifications, so if anything is achieved, a large part of the credit will be attributed to him.
He is only in his thirties. As long as he can successfully gild his skills, there will be plenty of room for him to develop in the future.
Ordinary people don't get such an opportunity.
He was also very excited at the beginning. As long as Li Yuan could make a profit of more than ten points a year, it would be a perfect ending for him.
With the help of my family, I have basically overcome the most difficult period in my life.
As a result, now...
He really didn't have any confidence in Li Yuan at all.
From the time I met Li Yuan until now, Li Yuan seemed to be bragging.
He could understand that young people were arrogant, but it was rare for someone to be as arrogant as Li Yuan.
Based on his experience, Li Yuan probably became famous and rich at a young age, and he has become arrogant.
The most taboo thing in finance is to be arrogant and underestimate your opponents.
No matter how talented you are, you will fall into other people's traps and end up losing miserably.
But there was no turning back.
I should have known I shouldn't have taken this job, or I should have gone to another company.
He was most afraid that Li Yuan would suffer losses reaching the warning line on the first day, and then... he could pack up and go home.
The entire career path will be blocked by an obstacle because of this incident.
After leaving the company, he received a call from Hou Wenbin.
Finally they arrived in Jiangzhou. Hou Wenbin was the host here and said he would treat him to a meal.
So the two of them agreed on a place and met ten minutes later.
Hou Wenbin came back temporarily. The moment he saw Ye Sheng, he said, "Congratulations, Brother Ye. You have taken this step. You will be promoted when you return."
Ye Sheng sighed and said, "Don't talk about promotion. I'll be satisfied if I don't have to take the blame."
Hou Wenbin said in surprise: "What's going on? I finally got sent abroad, isn't this a good thing?"
"At first I thought it was a good thing, but after seeing Li Yuan, I don't know whether it is good or bad. Anyway, Li Yuan gives me the feeling that he is not reliable at all. I have fallen into Li Yuan's hands this time. I probably don't have any chance before I turn 40."
The period before the age of forty is very important. If you want to succeed after this age, it can only be called changing your destiny against all odds. You can imagine how difficult it is.
Hou Wenbin asked, "What's going on? The elders in the family think highly of Li Yuan."
Ye Sheng explained: "Maybe, Li Yuan has enough ability, and the elders also recognize it. But he is too arrogant, and it feels very risky."
"Well...he does seem to be quite arrogant."
"So, I'm screwed this time. I just hope Li Yuan can hold on for a few more days and not make me pack up and go back so quickly. It's really embarrassing."
…
After Hou Wenbin returned, he told Hou Zhenguo some of Ye Sheng's complaints.
"Grandpa, Brother Ye is always very good at judging people. Is Li Yuan already..."
Before he finished speaking, Hou Zhenguo interrupted him and said, "What you should do is not to criticize others' mistakes, but to learn from their strengths. He made 30 billion in just over two months, and that's his ability. Even if he is now inflated and proud, his talent is still there. Even if he fails this time, there will be another time. He is only nineteen years old, and he has the capital to be inflated. Neither you nor Ye Sheng can evaluate other people's abilities."
"yes."
Hou Wenbin lowered his head. Facing his grandfather's teachings, he did not dare to refute at all.
Hou Zhenguo continued, "Who would spend all day staring at other people's shortcomings if they have achieved great things? If you don't even have this kind of vision, how can you rely on your own abilities to get ahead? Now Ye Sheng is a small shrimp, and Li Yuan is a big boss. When facing a big boss, you should be low-key. If he has the ability to criticize a big boss, why would he need to do this kind of work? If you continue like this, you will be no different from Yu Chenguang."
"Grandpa, it can't be that serious. I didn't do anything like Yu Chenguang did."
"What does it have to do with whether you did it or not? When someone wants you to take the blame, you have to take it even if you don't want to. Besides, who can guarantee that they have never done anything wrong in their life? The right or wrong of an event depends entirely on whether you are strong enough. If Li Yuan was not strong, he would have been targeted by others and would not have been able to continue working in the financial industry based on the things he did. Look at Li Yuan's layout from beginning to end. He dared to go against others because he had the confidence, not because he was arrogant."
Hou Wenbin originally wanted to use some of Ye Sheng's ideas to gain recognition in front of his grandfather, but he didn't expect to be scolded instead.
It seemed that what his grandfather said was right, but he couldn't understand it.
What happened to Yu Chenguang? Wasn't it an accident? What does it have to do with ability?
And it wasn’t Yu Chenguang who had an accident, it was someone else who implicated him.
He felt it was normal for Yu Chenguang to take the blame, but he never thought that Yu Chenguang had done anything wrong.
He had no choice in that environment.
But according to his grandfather, it seemed that there was something wrong with Yu Chenguang himself.
…
For Li Yuan, who boasted all along, all he could do was try harder to watch the market.
He was so arrogant this time, it was intentional.
He didn't want what happened to the third of the Thirteen Guardians to happen again.
He must make sure the cooperation is in place at one time.
If he is modest, even if he succeeds in the future, it will only be a shock.
For him, a good temper is actually a hindrance. He has to get crazy, then many things will be easier to talk about later.
And even if you make mistakes, others will think it's normal.
It’s like a child with a gentle personality suddenly does something bad, and the impression score out of 100 may drop by more than 10 points.
But if a bad kid does something not so bad, the three points of impression may even rise to ten points.
Being a nice person will bring you disadvantages because the other party will think you are easy to talk to.
This was the first time they worked together, so both sides needed to be tolerant to a certain extent. Therefore, Li Yuan hardly put forward any conditions.
But he is serious about doing this.
I started preparing two weeks ago, and even tried it out with a demo disk.
Of course, there is definitely a gap with the actual trading, but I just want to deepen the process.
After picking up Jiang Yiling on Saturday, he started his first trading session on Monday night.
The data this time is not public and can only be seen by people within the company.
The market opens at 10:30 in the evening, and usually by this time, Li Yuan would be ready to rest.
This is a subversion of the biological clock.
After the market opened, he tried out a few stocks first, because QDII funds do not limit the number of holdings, can be shorted, and do not limit the proportion of individual stock holdings, the overall degree of freedom is much higher.
As long as you can make money, you can do whatever you want within the rules.
The stocks he chooses are basically between $3 billion and $10 billion. He doesn't touch the big ones, nor the particularly small ones.
Because the ability to cash out stocks at this level is the strongest, between $3 billion and $10 billion.
Stocks worth more than $50 billion are only considered by big money for long-term investment, and he doesn't have the patience for that.
It was a little past two in the morning and he was already feeling a little sleepy. So far, he had only invested a total of $200 million.
After taking a look at the time, he said, "It's almost time for today. I won't move any further. Drink some water and take a rest."
The first day was so uneventful that after the market closed, Li Yuan went home immediately.
Ye Sheng began to be responsible for organizing today's data, and he would report it later.
There is no doubt that he was shocked while sorting it out.
Because there was almost no profit today, and of course... no loss either.
The floating profit was $190,000.
Compared with the scale of US$1.5 billion, the last three digits of net worth have not changed, so we can only make some changes to the fourth digit.
1.0001 (+0.01%)
These are truly shocking statistics.
Looking at the entire data, it is nothing special. Li Yuan was only responsible for buying, and the amount of money he bought was not much. He bought more than twenty stocks with a total amount ranging from hundreds of thousands to millions of dollars.
After he sent the data to Beijing, it was undoubtedly questioned and people seriously suspected that he had falsified the data.
But in fact it is so ordinary.
I originally thought that the first day was just a test run.
As a result, the next day, Li Yuan still showed no improvement.
Net value: 1.0003 (+0.02%)
On this day, the holdings reached US$1 billion, and the number of stocks held was reduced by three compared to the previous day.
After spending one billion US dollars, there was only such a small fluctuation. Ye Sheng's expectations were dampened.
Among several other similar funds, some lost money and some made money, but none of them was as mediocre as Li Yuan, who was so mediocre that even looking at the data could make people fall asleep.
Because in the data, almost all of them are numbers after the decimal point.
The stocks selected by Li Yuan also have extremely small amplitudes. If they are placed on the A-share market, they have a special name, "loom".
It is a K-line that fluctuates up and down by one cent, just like a woven cloth.
On Wednesday night, Ye Sheng was waiting at the door of the trading room.
Six or seven hours later, Li Yuan walked out with a tired look on his face, and left the company without looking back.
He hurriedly began to sort out today's data, but the more he sorted, the more confused he became.
Today's net worth is still very uncomfortable to look at.
Whether you make a profit or a loss, at least there is an explanation.
What about Li Yuan? It seems that he made money, but in fact, it is the same as not making any money.
It is indeed much better than those who are losing money, but he looks half-dead every day. How can he have the confidence to brag that he made six times the money in two or three months?
Net value: 1.0005 (+0.02%)
Today's holdings have reached US$1.2 billion, and the number of stocks held has shrunk again, leaving only nineteen.
After sorting it out, he began to contact his leader and prepared to send the report.
He still remembered how eager his leader was to see the data on Tuesday morning, and he called to inquire almost at the moment of closing.
As a result, now...
Even the leaders don’t care to watch it.
There is almost nothing on the entire report. There is no useful data and no hope.
Li Yuan seems to be keen on playing with half-dead stocks, as if he is afraid of losing money. This is the most conservative trading method.
He is a bit like a veteran who does not seek to make achievements but only to avoid mistakes.
This is completely different from the character Li Yuan showed before.
Finally, Ye Sheng couldn't bear it anymore.
I called home.
Thursday.
Net value: 1.0006 (+0.01%)
The utilized positions are still 1.2 billion, and there are 18 stocks left.
Friday.
Net worth: 1.0007 (0.01%)
The position used was US$1.3 billion, and there were only 16 stocks left.
Yu Yue didn't have to go to work on Saturday morning, but Ye Sheng said he had something to discuss with him.
Then he came.
After arriving at the company, he found that it was not just Ye Sheng, there was also a young man in his twenties who looked like he had lost all hope in life.
Ye Sheng said, "Boss Yu, I'm really sorry to bother you on holidays. I have some problems here, and my superiors asked me to go back as soon as possible. My next job will be taken over by Yao Yingsong who is beside me."
Yu Yue was confused, "Does the boss know about this ?"
"I have left a message to my boss, and he has no objection to this matter."
"Oh, that's fine."
Yu Yue had nothing to say, so he directly processed the entry procedures for Yao Yingsong.
Yao Yingsong was helpless, he had no choice at all.
Damn it, I just started working and now I have to take the blame.
Doesn’t it just not matter?
Seeing that his position was taken, Ye Sheng smiled and said, "Then Mr. Yu, I will leave first . We will see each other again if we have the chance."
Goodbye, never see you again.
I thought it was an easy life, but who knew I almost tortured myself to death.
Fortunately, I got rid of it in time.
