Chapter 22 Funds Exceed 500,000

The next morning, both markets opened lower. After a wave of declines, the ChiNext Index's rebound yesterday was once again swallowed up by a negative line, and the index fell to a low of 1208.35 points.
Wangsu Technology also fell to a low of 67.60 yuan, once again falling below the 20-day line.
" It's over . Yesterday's rebound was a fake. They are trying to trick me into entering the market again."
"It seems that the 1,200-point level cannot be maintained. Will the ChiNext Index return to 1,000 points?"
"Brother, please stop talking. I entered the market at 1,400 and I'm stuck now. If it goes back to 1,000, I'm done."
"What am I afraid of? I just won't cut it. Damn it."
The decline in the early morning scared many retail investors, but fortunately, this decline did not last long. At 9:50, both markets began to rebound, and the ChiNext Index rushed up quickly, quickly recovering the losses of the previous 20 minutes.
Wangsu Technology also rebounded quickly following the index rebound. Throughout the day, the ChiNext Index rose 3.07% to close at 1260.03 points.
Wangsu Technology also soared and outperformed the index. Wangsu Technology reached a high of 75.50 yuan, just 0.4 yuan away from the daily limit. It finally closed at 74.52 yuan for the day, up 8%.
Today, Gu Junhao's profits from T were average. In the end, he only increased his chips by 100 shares and held 7,000 shares. However, due to today's big rise, the market value of Gu Junhao's holdings exceeded 500,000 yuan for the first time, reaching 521,600 yuan.
"Yes, today is the 5th. If I can maintain this value until the end of the month, I can open margin trading next month."
The conditions for opening a financing account are that the average daily market value must reach 500,000 yuan within 20 trading days. As for the specific financing credit limit, interest, etc., this needs to be discussed with the securities company.
In the current market, the credit environment for margin trading is still relatively loose, with the maximum loan amount even being ten times higher. However, as the supervision of margin trading becomes increasingly strict in the next few years, it will not be so easy to obtain high amounts of credit.
As for some off-market financing, it is even more exaggerated. However, Gu Junhao does not trust these people. Most of them are scammers. Sometimes they will set up a simulated trading platform for you and let you trade in it. Many people have been deceived and ended up penniless.

If you want to use financing leverage to increase your income, you still have to go through formal channels. However, Gu Junhao does not think that everyone is suitable for using leveraged funds, especially retail investors. The risks involved are beyond the ability of most people to bear.
When the stock market crashed in 2015, a large part of it was due to the bursting of margin positions, which eventually led to the bankruptcy of all families and the fall from the middle class to destitute. Gu Junhao himself had the advantage of his memories of his previous life, and he did not plan to raise a too large amount of financing. He just wanted to take advantage of the tail-end market of Wangsu Technology. If he was lucky, he could earn a house in advance.
As for the specific capital accumulation, it is better to take it slowly. After all, if the leverage ratio is too high, if something unexpected happens, you will be in big trouble.
"Today is great. My account balance has reached 500,000 for the first time. If I keep this up for a month, I can open a margin account."
As usual, I posted my trading records and positions on Taoguba after the market closed, just like in the past.
"Brother T is really awesome. He wants to do T in today's market. I am convinced."
"Congratulations to Brother T for reaching 500,000 yuan in funds. A few days ago, Brother T said that the ChiNext Index would rebound, and it really rebounded today. I wonder what Brother T thinks of the subsequent market?"
Seeing this comment, Gu Junhao replied: "Let's see if it can pass the 60-day line tomorrow. If not, it will still fluctuate at the 1200 box position for a few days, but the bottom view of 1200 points remains unchanged."
"Wow, Brother T is online. He replied to me so quickly. Thank you Brother T. I will continue to trust Brother T and keep it."
"Haha, I know who you are. You are the one who bought Wangsu Technology with a cost of 70 yuan. The volatility in the past few days has not yet washed away the losses."
"That's right. I don't know how to do T. I will continue to follow Brother T and buy. I won't say more. I will always make a profit. As for the intraday loss, I can still bear it."
"That's true. I'm a little tempted to invest in Wangsu Technology. I looked at its recent trend and the lowest is the oscillation between the last two straight-line boxes. I feel there is still a chance."
"To sum it up in one sentence: Trust Brother T, all in!"
"Dude, you know how to summarize. I hope everyone is okay."
"Is this the legendary one yang changes three perspectives?"
On November 6, after the ChiNext Index opened flat, it broke through the 60-day lifeline for the first time in November. Individual stocks then ushered in a large wave of selling, and the pressure from above was obviously huge.
At 1:30 p.m., the ChiNext Index began to plunge, and Wangsu Technology also fell after hitting a high of 74.61 yuan in the morning, and then remained in the red. Gu Junhao chose to sell 7,000 shares of Wangsu Technology at 74.50 yuan. This was the first time he sold shares of Wangsu Technology at a green price since he held shares in Wangsu Technology.
At 1:30, when the ChiNext Index plunged, Wangsu Technology also chose to plunge accordingly, and its stock price quickly fell below the yellow moving average of the day.
Looking at the continuous plunge of the ChiNext and Wangsu Technology, Gu Junhao decided to take back Wangsu Technology in the closing call auction. If it were not for ensuring the average daily market value, he would not have taken back Wangsu Technology today.
At 2:57 p.m., Wangsu Technology was quoted at 71.38 yuan. Gu Junhao chose to go all in at this position. Finally, Wangsu Technology's call auction price was 71.01 yuan, and Gu Junhao's 7,300 shares of Wangsu Technology were successfully traded.
At the same time, the ChiNext Index also closed with a bare-footed negative line with a long upper line, and finally closed at 1241.79 points, down 1.45%.
Wangsu Technology fell sharply, closing at 71.01 yuan, with a daily decline of 4.71%, and a trading volume of 204 million yuan. This trend also made Gu Junhao more determined to believe that Wangsu Technology will maintain a box-shaped oscillation this month.
"Today's big drop, the first pullback, miserable." Gu Junhao suffered a small loss of more than 3,000 yuan today, and the pullback was less than one point. However, it was also the first loss since the post was opened in October, which was enough for him to cry and act cute.
Not long after the post was published, it received a reply. After all, the popularity now is incomparable to when the post was first published. Gu Junhao now has nearly 3,000 fans.
"Haha, I finally saw Brother T lose money. But Brother T is still amazing. Wangsu Technology fell so badly today, but he only lost less than one point."
"Well, I thought Brother T would sell out his stocks today, but he bought them back. It seems like he really believes this is the bottom."
"Another reason is probably to ensure the market value. Brother T probably wants to open a margin position."
"This is also Brother T's first retracement. Although the retracement is not large, it is still a day worth remembering."
The comments showed Gu Junhao's popularity at the moment. However, after posting today, Gu Junhao closed the webpage and did not choose to stay in the room because Zhang Yiru asked him to have dinner together.

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