10: Alex is back!
A/N: The amount of money you are seeing is in yuan, I will replace it with Dollars using an online currency conversion tool.
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The next day, on Friday, July 25th:
Around 8:30 in the morning, I went back to the same Internet cafe after a week.
Half an hour ago, George had already arrived early, eager to see me again. I felt his excitement as he saw me. He probably thought, "The opportunity to get rich is back..."
I contacted him the day before, so I was able to secure the funds in time. If it had been a few more days, and I had already left for my hometown, the chance to get rich would have slipped through his fingers.
As I took my seat next to him, George immediately struck up a conversation and asked, "Hey, what's your bank card number? I'll transfer the money to you."
I didn't hesitate and quickly jotted down the account number and bank name linked to my securities account on a piece of paper he had prepared.
When he noticed me writing "IOU" in the blank space below the note, he immediately took the pen and paper from me, saying, "Hey, Alex, this is unnecessary. No need for formalities."
I glanced at him and asked, "Are you sure?"
George's eagerness to offer money was quite evident, and I understood his intentions. However, I would never take such an emotional and risky approach. There are better ways to achieve our goals.
I told him, "Haha, of course, there's no need for all this trouble for such a small amount. I appreciate your trust. Let's not dwell on it. The market is about to open, and I'll send you the money."
As I finished my sentence, George got up and left the Internet cafe to transfer the money.
About half an hour later, I received a text message notifying me that 60,000 Dollars had been transferred to my bank account. George had completed the inter-bank transfer, sending me the 60,000 Dollars.
Around 9:20, George rushed back to the Internet cafe, looking out of breath. The call for bids had already begun five minutes ago. He quickly took his seat, asking, "Alex, did you receive the money?"
I nodded, "Yes, thank you."
George smiled, logged into the market software, and transferred the 60,000 Dollars to my account. The funds came from his own securities account, which had initially contained 100,000 Dollars in principal. He had already made 30,000 Dollars by following my lead for three days.
At this moment, I had already transferred the 60,000 Dollars from my depository bank card to the securities account. My account had 17,500 Dollars before, and with this additional liquidity, the available funds totaled 77,500 Dollars.
As the minutes ticked by, George was eager to get started, feeling the excitement building up within him.
With the results of the call auction, today's market index opened more than 1 percentage point lower. Yesterday, it closed at 2,910 points, and today's opening fell below the 2,900 point mark.
However, with me by his side, George wasn't worried about market fluctuations. As long as he clung to my strategies, every day was a bull market, and getting rich was just a matter of time.
"I'm ready for today," I said, while George checked my screen and quickly entered the trading code for Limbo Industry: 000798.
The stock had opened 2.82% higher at 6.20 Dollars per share today. During last year's bull market, it had reached a historical high of 11.78 Dollars, before falling to 4.01 Dollars in June this year, breaching two consecutive trading boards.
The market opened at 9:30, and the stock initially dipped to 6.15 Dollars per share. Without hesitation, I went all in, purchasing the full position at the same price.
As for George, he followed suit, buying a full position as well, but at a slightly higher average price of 6.21 Dollars.
Within minutes, the stock quickly gained traction, with my average purchase price resulting in a better profit margin than George's.
Ten minutes after the market opened, the stock was already up by over 6%, reaching 6.42 Dollars per share. I maintained my position, while George followed a similar strategy, although his entry point was slightly less favorable.
Around 10:00, the stock surged again, surpassing its previous peak. Its gains reached 9%, before experiencing a minor pullback.
At about 10:30, the stock initiated its third upward surge, reaching the daily limit of 6.63 Dollars per share.
"The stock has reached the daily limit; the second and third boards are successful!" George said with excitement.
I noted, "Tomorrow, we might see a premium for a one-board rise."
We exited the market software, and I was quite content with the day's trading. I checked my positions:
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Target Held: Limbo Industry (000798)
Number of Shares Held: 12,600 shares
Average Transaction Price: 6.15 Dollars
Current Market Price: 6.63 Dollars
Market Value of Positions: 83,538 Dollars
Profit and Loss of the Day: +6,048 Dollars (+7.80%)
Floating Profit and Loss: +6,048 Dollars (+7.80%)
Total Assets: 83,623.18 Dollars
Cumulative Income: +21.81%
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My cumulative rate of return had changed from doubling my initial investment to the current 21%. This was largely due to the addition of 60,000 Dollars in principal.
George had made a similar amount of money following my strategies, thanks to the similarity in our available funds.
"Sell," I said, with no open positions left to monitor, and I simply waited for the next trading day.
We exited the market software and left the Internet cafe.
The next two days were the weekend, and the stock market would remain closed.
On July 28, the following Monday, A-shares resumed trading as scheduled.
Limbo Industry's stock had been halted for an hour at the market's opening. Trading resumed at 10:30, and the stock's price dropped rapidly. However, I wasn't concerned with its performance, as my focus was on monitoring the stock while
searching for new opportunities to trade.
Around 11:07, Limbo Industry's stock hit its daily limit at 7.29 Dollars. I immediately checked the stock's performance and said, "The daily limit has been reached."