Chapter 046 Seizing Prices Again
Chen Wei had made a profit of nine hundred yuan from the one hundred lots he had just sold, but now he had over three hundred lots remaining, resulting in an unrealized loss of eleven hundred yuan.
Chen Wei furrowed his brow.
The situation was a bit tricky.
Activating his skill would be somewhat wasteful. Even if he went back ten seconds, all Chen Wei would do is place the remaining one hundred lots he had on 5.15, and there was no guarantee they would all be sold, considering there weren't many buy orders at that price level.
However, not activating his skill would risk losing money.
There weren't many buy orders at 5.03, but there were several hundred buy orders at 5.00.
Chen Wei made a decision; he wouldn't activate his skill. Worst case scenario, he would sell at 5.00, closing out three hundred lots for a loss of two thousand yuan. Combined with the nine hundred yuan he had earned earlier, it would only result in a loss of one thousand one hundred yuan, which was still within his tolerance.
With that in mind, Chen Wei stopped worrying and calmly watched the market.
After a while, Zhou Yi, who had been trading for a bit without making much profit, came over to peek at Chen Wei's screen.
Seeing that Chen Wei was actually losing money, Zhou Yi teased, "Hey, Chen Da Niu, what's going on today? Losing money? Didn't you pray to the God of Wealth before coming?"
Chen Wei gave him a disdainful look and didn't bother responding.
Across the table, Zheng Junpeng overheard and asked, "Which stock is losing money? How much?"
Before Chen Wei could answer, Zhou Yi jumped in, "It's QTT. Chen Da Niu bought over three hundred lots and is now down eleven hundred. Still holding on."
Zheng Junpeng checked QTT and commented, "There are big orders supporting 5.00. With such empty sell orders on the right side, it shouldn't be a big problem. Let me try. I'll place some orders. If they get filled, great. If not, I'll help push the price up for you."
Zheng Junpeng immediately placed a buy order for fifty lots at 5.05.
As soon as his order appeared, more buy orders flooded in, effectively supporting the price at 5.05.
Chen Wei's unrealized loss decreased to five hundred.
Smiling, Chen Wei said, "Thanks. I was planning to sell at 5.00."
"No problem. I was planning to enter the market too. But judging from the situation, it's hard to say if we can get in," replied Zheng Junpeng.
At this point, buy orders for 5.07 appeared on the market.
Chen Wei was now making a profit of one hundred yuan.
Zhou Yi sat back dejectedly, realizing he was also holding positions at 5.07.
The stock price gradually rose, reaching 5.10, then 5.15, and even started trading at 5.20.
"Not bad, Lao Chen. We can make quite a bit from this trade!" Zheng Junpeng exclaimed.
"Hehe, it's hard to say for now. There are still big orders at 5.30. It probably won't go much higher. Once it breaks 5.20, I'll find a price to sell," Chen Wei said.
"Yeah, this stock seems to be trending in a range. I might try to enter with some buy orders lower down," analyzed Zheng Junpeng, then placed fifty lots of buy orders at 5.10 and 5.15.
Zhou Yi, following their lead, also placed some buy orders.
The sell orders at 5.20 were quickly filled, and Zheng Junpeng took fifty lots.
The stock price reached 5.30.
However, just like before, the momentum slowed down.
Chen Wei preemptively placed one hundred lots of sell orders at 5.25, 5.28, and 5.30. The sell orders at 5.25 and 5.28 were filled immediately, but only half of the ones at 5.30 were filled.
"Have you sold?" Zheng Junpeng had placed a sell order at 5.29 and made four hundred and fifty yuan.
"I have over forty lots left," Chen Wei replied.
"Hurry up and sell. Don't wait for it to turn around again," Zheng Junpeng advised.
Chen Wei nodded and placed a hidden sell order at 5.28. Then, he placed buy orders at 5.15 and 5.10.
Zhou Yi, who had also bought at 5.07, hadn't placed any sell orders in advance. He watched as the stock price hit 5.25.
"Damn, that idiot's price snatching again! I still have seven lots left! They're all fighting for a spot in line!" Zhou Yi cursed.
"Alright, don't blame others. You were the first one to snatch the price!" Chen Wei chuckled, feeling speechless.
Zheng Junpeng also chuckled.
"I... I... I was... at least let me sell before you snatch!" Zhou Yi felt embarrassed and muttered.
"Never mind, it looks like it's going to reverse. Don't wait, just sell at a lower price!" Chen Wei sighed and said.
At this point, there were dozens of buy orders at 5.22. Chen Wei had over forty lots, and Zhou Yi had seven, enough for the two of them to sell.
"I placed a sell order at 5.28. Looks like it won't break 5.30. Let's sell first. Zhou Yi, don't snatch prices this time!" Zheng Junpeng said.
"Whoever snatches will be cursed!" Zhou Yi grumbled, still upset about the earlier incident. Then he placed his remaining lots at 5.22, making a profit of just over one hundred yuan.
Chen Wei also sold his remaining lots.
Altogether, they made over six thousand eight hundred yuan.
With their exits, the market immediately turned downward, and the stock price dropped below 5.20, reaching 5.13.
Both Chen Wei and Zheng Junpeng placed buy orders at 5.15, while Zhou Yi placed twenty lots. All three entered the market again.
After entering, the buy orders on the left side began to push the price up.
"I've placed my order at 5.28. It doesn't look like it's going to break 5.30. Let's get out first. Zhou Yi, don't snatch prices this time!" Zheng Junpeng advised.
"Whoever snatches is an idiot!" Zhou Yi muttered, feeling embarrassed about his impulsive actions earlier. He then placed his order at 5.28.
Chen Wei also placed his order at 5.28. Since he had fewer lots this time, fifty, it didn't matter where he placed them.
Moreover, the volume of QTT seemed to be shrinking, and Chen Wei felt that it was unlikely to break 5.30. He couldn't even be sure if it would break 5.28.
Chen Wei cancelled the buy orders at 5.10 and focused on a few other SSR stocks.
It had been almost an hour since the market opened, and several SSR stocks were now stabilizing.