Chapter 27 Opening Margin Trading
On November 30, 2013, the China Securities Regulatory Commission issued an announcement over the weekend, officially confirming the restart of IPOs, which was a bombshell in the capital market and officially confirmed that the previous rumors were true.
The document stated that IPOs have officially transitioned from an approval system to a registration system. It also stated that by the end of January 2014, about 50 companies had completed the procedures and were listed, and the timing for the restart of IPOs was officially determined.
Once this news came out, it was a big negative for the market, especially the ChiNext. Moreover, it was announced on a Saturday . As time goes by, one can imagine what the market situation will be like on Monday.
After this news spread in the market, unexpectedly, Gu Junhao's post became lively again.
"Oh my god, Brother T is so awesome . He ran away early again. Did he avoid a big crash again?"
"Brother T's luck is unmatched. He was about to liquidate his margin position, but after that, bad news hit the market."
"The guy above, do you think Brother T is really doing this? I don't think so. The last time Brother T cleared out his positions, the market fell for several days in a row. I think changing positions is just an excuse."
“I don’t know if I can run next Monday…”
"Haha, I followed Brother T to Su Technology and made 12 yuan per share, which is 6,000 yuan in my hand."
"Brother, this is awesome. Are you really following Brother T's instructions?"
"That's right. My cost was 70. Yesterday morning, Brother T said he would clear out his position when the time was right, so I placed a price limit order and ignored him. I didn't expect that I actually sold it."
"Niu, what's your reason for setting the daily limit?"
"There's no reason. I just put it up randomly. I thought I'd make money anyway, so I could just be a little greedy. If I can't sell it, forget it."
"I'm speechless... this reason is so powerful."
On the other side, Su Mingyu also received the news of restarting the IPO. Compared with the spectators in the bar who were unaware of the truth, Su Mingyu was more shocked.
Because this was the reason Gu Junhao gave him for clearing his position, he was afraid that negative news from the IPO would suddenly hit.
"This is too accurate. He cleared all his positions yesterday and released the news today. Is there some inside information?" But when you think about it, it's not likely. At this time, Gu Junhao didn't have his own money and was trading stocks alone.
Although I have never heard Gu Junhao mention his family and friends, judging from his academic qualifications, his family should not have any background. It is obviously impossible for him to have any specific inside information.
Moreover, his profit winning rate is achieved through real T-operation and is proven by delivery notes. People with such ability will not bother to believe in some gossip.
"It can only be explained by his sense of the game." After thinking about it, Su Mingyu gave a definition of Gu Junhao.
The market spent the weekend in panic, but Gu Junhao was very happy. Although he didn't know the specific date for the IPO restart, his unintentional timely escape avoided the sudden attack of negative news , which could be regarded as an unintentional feat.
"After the news, the market will probably fall for a few trading days, but it won't fall that much. The bottom of the ChiNext Index should still be at 1,200 points."
The realization of bad news means that it is no longer bad news. After a few days of panic, the market will definitely come to its senses, and then funds will naturally enter the market to buy at the bottom.
"It just so happens that I opened a margin account on Monday, but it will take a few trading days before I can officially trade."
I had dinner with Zhang Yiru again on the weekend and went shopping. This time, Zhang Yiru was obviously much more natural than last time. She even took the initiative to talk to Gu Junhao about the topic of the IPO restart over the weekend.
Zhang Yiru also heard colleagues in the marketing department talking about the restart of the IPO in the company group and wanted to remind Gu Junhao.
In her opinion, although Gu Junhao's record in stock trading is very impressive, he has only been exposed to the stock market for a short time, less than a year at most, and he may not be able to respond to sudden negative effects in the market.
"I cleared my inventory on Friday." Gu Junhao said with a smile.
"Uh, cleared the inventory? Why cleared the inventory?" Zhang Yiru said in some surprise.
"On Friday, Wangsu Technology hit the daily limit, so I cleared out my position." Gu Junhao didn't want to say too much, so he just said it briefly.
"Great! They actually cleared the inventory ahead of time. I feel relieved now. What are your plans after clearing the inventory?"
" Of course I will continue to trade stocks, and then I will find an opportunity to re-enter the market later. I can't go back to work as a worker."
"Well, take it easy. If possible, don't put all your assets in the stock market like you do now. You don't have a job now, and if something goes wrong, you'll be back to the way you were before."
"Well, I have this plan too. I plan to take out the small change, leaving only 800,000 yuan in funds. This way, even if I lose it all, I will have earned several years' salary."
It is impossible to lose everything, at most you can earn less. However, Gu Junhao decided in advance to only keep 800,000 yuan in the fund . You have to keep some money for self-defense. It is enough to take out the remaining 170,000 yuan from the fund for spending.
It's the end of the year again, and I have to buy some clothes and winter supplies for the children in the welfare home, and I also need to buy some clothes for myself.
The true meaning of stock trading is to take out part of the money you earn and spend it. It is meaningless to just stay in the securities account and look at the numbers.
"How much? 800,000 or something else? Didn't you say it was over 500,000 last time? How long has it been?"
“The stock market is going up again.”
"Well, it has increased so much. Is stock trading really that profitable? Then how much is your change? The change is actually several years of your salary?"
"More than 170,000 yuan, I will buy some clothes for my younger brothers and sisters in the welfare home during New Year's Day."
"You call 170,000 a small change? That's outrageous. You turned 20,000 into 1 million. That's too much. I'm going to give you a big meal today." Hearing what Gu Junhao said, Zhang Yiru was completely speechless, but she was still happy for him. With this money, Gu Junhao would be able to live a better life.
…
December 2, 2013, Monday. It has been more than a year since Gu Junhao traveled through time and space, and he has officially entered the second year of his time travel.
At nine o'clock in the morning, Gu Junhao, standing at the entrance of Zhongtai Securities Beicang Business Department, couldn't help but feel a little emotional. He traveled through time nearly a year ago. At that time, the total amount of money he had on him was less than 50,000 yuan, but now it is close to 1 million yuan.
"Hello, I want to open a margin account." He came to Gu Manyi, the brokerage account manager who opened the account for him. The reason he chose her was because they had the same surname.
"Okay, wait a moment, I'll take a look." After Gu Manyi confirmed it, she said to Gu Junhao, "Mr. Gu, your funds have reached the standard, but because your investment period is less than 24 months, you cannot open the margin trading business yet."
"As long as the funds meet the requirements, it's fine. As for the investment period, you shouldn't be so strict. You can also take a look at my rate of return. I know the risks of margin trading."
The current supervision is not that strict. This was the same situation when we opened the GEM. We still opened it anyway and just signed a risk agreement.
After hearing what Gu Junhao said, Gu Manyi was a little surprised. It was not uncommon for securities companies to see customers' account information and delivery notes.
After checking, Gu Manyi was still surprised. In less than a year, the return rate increased from 20,000 yuan to nearly 1 million yuan, which was nearly 50 times. The drawdown rate was also very well controlled, especially the delivery notes in the last month. She did not look like a novice with less than a year of investment experience.
In this case, there is no need to be so serious. A client like this who loves to do T and can guarantee profits is related to your own performance. What if he runs away?
"Okay, I don't know how much credit you are prepared to require."
"How about 800,000? I'll deposit 800,000 yuan into the account and give you a 1:1 credit line. The interest rate will be based on your default. How about that?"
Gu Junyi thought about it and agreed. Fortunately, this customer was not too crazy and only needed a 1:1 credit line, which she could decide. Otherwise, she would have to apply for it.
"Okay, no problem, I'll do the formalities for you." Then she went to do the formalities for Gu Junhao. After the formalities were completed, Gu Manyi said to Gu Junhao: "Mr. Gu, your procedures have been completed. The funds can be used on T+1 day. I also wish you a long-lasting stock market."
"Thank you, I wish you good luck." Gu Junhao said with a smile, and then left the business hall.
