Chapter 93: Increasing the Margin Trading Limit
The next morning, Gu Junhao got up early. He didn't see any news about the unusual movement at the end of yesterday's trading, so he felt a little uneasy in his sleep.
It is possible that I felt a little relaxed after clearing my positions. You cannot be lazy in doing anything, including stock trading. Gu Junhao has also reflected on himself. Although he did not make any mistakes in doing T with Wangsu Technology and Dafu Technology.
But sometimes it is just due to my own laziness. I have looked at stocks many times, but just don’t want to trade. When I hold too many positions in a stock, I sometimes have this mentality.
Especially when Wangsu Technology and Dafu Technology were at high levels and had high trading volumes in the later period, you could have made a profit when they were rising, but many times I clearly found opportunities but just didn’t want to do it. By the time I wanted to do it, the trading volume had already gone down.
If you want to really do well in the stock market, whether you make a profit or a loss, you must have the spirit of admitting your mistakes and the courage to start over again.
I turned on the computer and checked the overnight news. As expected, there was major news in the market.
The Shanghai-Hong Kong Stock Connect has released detailed rules and formally defined six major milestones, including the scope of targets, quota control, trading hours, settlement control and investor thresholds, etc.
The investor threshold is roughly similar to the conditions for opening margin trading, that is, the total balance of the securities account and the capital account must not be less than 500,000 yuan. However, there is an additional requirement that individual investors must have basic knowledge of foreign exchange risk management for Hong Kong Stock Connect stock trading and pass the Shanghai Stock Exchange's membership test regulations.
"No wonder there was an unusual movement at the end of the trading day. This has basically been settled." Okay, I can activate this as soon as possible when the time comes.
In addition, Dongfang Wealth, in which Gu Junhao currently holds shares, also issued an announcement that it will hold an online briefing meeting on the 2013 annual report from 3:00 to 5:00 p.m. on the 7th of next month.
"The annual report release conference, won't it be about high bonus and share transfer?" The more Gu Junhao thought about it, the more he thought this was possible. Nowadays, GEM stocks like to play this trick. Dongfang Wealth has had high bonus and share transfer for three consecutive years since 2011. Other GEM stocks also like high bonus and share transfer very much. It is not impossible this year.
"It seems that my memory is correct. If there is a high bonus and share transfer, the stock price should be able to reach 10 yuan." But I have to sell it to him before that. Generally speaking, there will be a second chance to bottom out after a high bonus and share transfer.
The high bonus and share transfer routine of listed companies was also very popular in the following years, and the concept of the high bonus and share transfer sector was also quite hot. However, with the arrival of the stock market crash, there were signs of a slowdown since 2018.
There are also companies that have gone too far in playing high dividends and stock transfers. Frequent high dividends and stock transfers have led to increasing share capital and lower stock prices. During the stock market crash, the stock price continued to fall, and finally fell below the face value of 1 yuan and was delisted.
Since it is the official news of the Shanghai-Hong Kong Stock Connect, there should be no problem in the two markets today. This is good news for blue chips, and the official release of the news is no longer bad news for the ChiNext. Moreover, the ChiNext has fallen for six consecutive trading days, and the index has fallen below 1,300 points. There is indeed a need for a short-term rebound.
In that case, there is no risk in not watching the market in the morning. I just need to go out, and I made an appointment with the securities manager yesterday to go to the business hall at 9 o'clock today to discuss increasing the financing limit.
Looking at the time, it was already past half past eight and the business office had already opened. After packing up, Gu Junhao went out and took a taxi to the business office. His current residence was only about ten minutes' drive from the business office.
Beicang is not very big. Most places in the city can be reached within half an hour’s drive, and most roads are not congested, which is also what Gu Junhao likes.
Living in the urban area of Ningbo is indeed more convenient in many ways, but the urban area is too congested and the population density is high, so I always feel a little depressed. Correspondingly, living in Beicang does not have these troubles. It is also closer to the beach and the air is better. It is just that it is a bit far if you want to go to the urban area for something.
More than ten minutes later, Gu Junhao appeared again at the Beicang Branch of Zhongtai Securities. This was Gu Junhao's third time here, and his mood was different every time he came here.
"Good morning, Manager Gu." Gu Junhao greeted Gu Manyi before arriving at her workstation.
Gu Manyi was looking down at the form on the table. Hearing this, she looked up and stood up and said, "Ah, Mr. Gu, you're here so early. It's not even the agreed time yet."
Gu Manyi looked at the boy in front of her who was a few years younger than her, and felt a little emotional. They had not met each other many times, but Gu Junhao had left some impressions on Gu Manyi.
When I first opened an account with him, I noticed his handsome appearance and somewhat melancholy eyes. It was that slightly melancholy look that softened my heart and I helped him open an account on the Growth Enterprise Market.
The second time we met was in December last year. I didn't expect that he already had the conditions for opening financing, and his asset growth rate was astonishing. Since then, I have been paying attention to his account from time to time. On the one hand, it was for risk control needs. Of course, this was a bit too forced, and the main reason was that I was a little curious.
However, in the past six months, not only have I not seen a significant drawdown in his account, but his assets have gradually exceeded 5 million and 10 million. This is really surprising. I have seen people who can make money by speculating in stocks, but Gu Junhao is the first one at such a young age with such stable growth in income.
"It's okay, let's finish it sooner and get it over with. Let's settle the previous round of financing first and then talk about the next round of financing." Gu Junhao saw that the securities manager had been staring at him in a daze and said with some confusion.
"Oh, okay, sorry, I was distracted." Gu Manyi said quickly after coming back to her senses.
Beautiful women always have some privileges, and Gu Manyi, whose professional attire outlines her graceful figure, is naturally one of them. Gu Junhao did not care too much about it and quickly finished his work and went back to look at the market.
After Gu Manyi quickly helped Gu Junhao handle a financing matter, she said to Gu Junhao, "Mr. Gu, you came here with the intention of raising funds, right? How much do you plan to raise?"
"Eight million, maybe." Gu Junhao had thought it through before coming here. This time he planned to raise eight million yuan, or maintain a one-to-one ratio. This way he could also free up some assets in his account for the early preparations for starting a company.
The total market value of my account plus the cash I hold, minus the financing amount and interest from this settlement, leaves me with about 4.5 million. This money can be used to pay for the company's venue, labor and other expenses, and it will last for a while.
"Eight million? Are you sure, Mr. Gu?" Gu Manyi said in surprise. It's not that it can't be done, but the amount was increased tenfold at once. This handsome boy was too bold.
Seeing that the stocks he bought were all from the ChiNext, with the current trend of the ChiNext, isn’t he worried at all?
"Well, it's 8 million. Can you do it? And the interest rate cannot be lower than last time." The last annualized interest rate was 10%. If it is still at this rate this time, it will be a lot of money. Even if it is reduced by one percentage point, every little bit counts.
"Yes, we can do it." Gu Manyi said quickly, "Mr. Gu, what interest rate do you want?"
The customer has no problem with this. Large-amount financing is certainly better for them. As for the interest rate, this can be negotiated.
"How about 8.5%?" Generally speaking, the default interest rate of Zhongtai Securities is 8.35%. It's not like he is raising tens of millions or hundreds of millions of funds at one time. If it's too low, he certainly can't lower it. It's a little higher than the default, and I believe he should accept it.
"Mr. Gu is really knowledgeable. Okay, then we'll do as you say." This offer left Gu Manyi speechless. It just happened to be stuck at the default level, and she had the authority to make the decision.
But who doesn't want to earn more? But through the limited contacts, Gu Manyi also felt that the young man in front of her didn't like nonsense. If she said too much, he would be displeased. 8.5% was acceptable, and this financing could also improve her performance a lot.
"Okay, then let's do it." Even though it was reduced by 1.5 points, it was still more than 100,000 yuan. Gu Junhao was very happy.
After all the formalities were completed, Gu Junhao left the sales department, but he was not in a hurry to go home as it was almost lunch time. It was a rare trading day when he didn't check the market, so he went to have lunch with Zhang Yiru.
Modern life is fast-paced. Even if urban men and women are not in a long-distance relationship, they are in the same place. The chances of being together all the time are not very large. Everyone has their own job and is a screw in society.
After finishing his meal, Gu Junhao returned home and turned on his computer. The morning trading had ended. He looked at the morning market trends. Both markets performed well today, both opened high and closed high, but the overall market was still in a shrinking volume mode.
The Shanghai Composite Index did not fluctuate much, but the ChiNext Index performed well today. Perhaps it was the implementation of negative news, or perhaps it was the demand for a rebound. The ChiNext Index rose as high as nearly 1.66% in the morning, and fell back by midday close. However, it was considered a benign adjustment, with a decline of less than 10 points, closing at 1278.32 points. It's a pity that the volume was too small.
"Oh my god, I lost money. If I had known the trend would be like this today, I would not have gone to the business hall." Looking at the trend of Dongfang Wealth, Gu Junhao could not help but exclaimed.
Today, Dongfang Fortune opened higher with the share price at 17.63 yuan. After the opening, the trading volume increased significantly and the share price continued to rise. Finally, at 11:20, the share price reached the highest price of the day at 18.91 yuan and then began to fall. It closed at 18.69 yuan at noon.
The increase was 6.19%, significantly outperforming the index. At the same time, the trading volume for the entire morning had reached 150 million, which was 50 million higher than the volume for the whole day yesterday. It can be said that both volume and price soared.
If you know the trend is like this, Gu Junhao will definitely not go out in the morning. He will definitely put the remaining funds in as soon as possible to make a short-term profit.
However, there should still be opportunities in the afternoon. Both the index and Dongfang Wealth fell slightly at the closing stage, and this trend of shock adjustment should continue in the afternoon.
However, it is unlikely that the price will fall too much in the afternoon. If it really falls too much, I would not dare to buy it. At most, it will be around the yellow moving average of the day, which is around 18.50 yuan.
The price in the afternoon was nearly one yuan higher than in the morning, but it doesn’t matter. As long as the stock price has the possibility of rising, the cost is not important.
