big financier

Chapter 68 The Gambler's Mentality

"The deposit starts at $100, so it can be said that there is no requirement."

"It's so low, it's not just any individual can participate, it's too unethical to do so in order to kill customers."

If you speculate in gold futures for only $100, you may not even have the opportunity to experience the market for a day.

Hang up the phone and do what you say.

Pei Guangqian went online and found a gold futures platform established in Hong Kong Island. After filling in the information, the other party called to ask about this and that, and his account was approved within a few minutes.

There is a special customer service one-on-one guidance, and there is a free principal for a deposit, which seems really cost-effective.

However, Pei Guangqian did not choose such an activity. He did not intend to make money from this. Increasing the principal also increases the risk. This is 100 times leverage. As long as the position is liquidated, the more money you lose, the faster you will lose.

Pei Guangqian invested the equivalent of 1000 knives into it, and paid directly by swiping the QR code, even saving the link of foreign currency exchange, which shows how unreliable these platforms are.

Without thinking about anything, Pei Guangqian directly chose to go long and bought 0.1 lots of the contract. When he placed an order, the platform deducted the spread, and with the fluctuation of the contract price, his floating profit and loss jumped very fast. I don't know what the numbers are.

Nervous and exciting, based on the current gold futures contract price of about 1500 dollars, 0.1 lot is a 10-ounce contract, with a price fluctuation of 1, the profit and loss is 10 dollars.

As long as the price fluctuates by 100 dollars, Pei Guangqian will either double or lose his position. It seems that the current daily fluctuations are not very large, but sometimes the contract changes by tens or hundreds of dollars in a second, and there is no reason.

After a few minutes, Pei Guangqian saw that his account had made a profit of $50, so he quickly closed his position and took a profit.

I took a screenshot and sent it to Zhang Zuguang.

"Guangqian, it's me who hurt you. You'd better not play this game. It's easy to make money and lose money with this ghost thing. You should quickly withdraw your money and stop doing it."

"What are you afraid of? I am a person with basic financial knowledge. Even if I lose money, I can't hurt my bones. I'm here to pay the tuition."

Knowing that this kind of platform is not formal, Pei Guangqian plans to enter the domestic precious metal spot and futures market, so he came here with a learning attitude.

After looking at it, Pei Guangqian placed an order of 0.5 lots again. This time, the numbers on his phone screen jumped to a larger base, as if the extreme speed mode was turned on.

A few minutes later, Pei Guangqian made another $200, and he quickly closed his position.

"It's boring to be long all the time, it's better to be short."

Pei Guangqian changed his mind, switched to silver futures, and placed an empty order.

It is said that silver futures is a lunatic market, which means that its volatility is greater, and it may rise up in an instant and return to its original shape.

After the opening of the position, the silver futures contract was very quiet at first, and it happened to be close to the closing of the morning market in foreign countries, and it was already late, Pei Guangqian did not want to close the position.

He said that the futures contract does not last overnight, but Pei Guangqian did not believe in evil, and planned to keep the position until tomorrow.

However, he woke up in the middle of the night and looked at it a few times, and the position in his hand was gradually losing money. When it was almost dawn, he found that he had lost $500 in his account. Pei Guangqian began to hedge his short positions and opened new long positions of the same value.

The next day, the silver futures contract continued to go long, and the hedged position had made a profit, but the overall loss was still more than $600.

Hell, I did a good job of doing long, but I lost all my profits all at once, and I had to pay back my principal.

This is a one-sided market. If it continues to rise like this, Pei Guangqian will be liquidated.

He quickly deposited another $500, closed his short position, and re-opened a long position.

The same is still 0.5 lots, Pei Guangqian thought that anyway, the big deal is to let go of the liquidation, this thing is really unplayable, 1500 dollars is nothing.

But another voice told him that he wanted to regain blood and come back, and he could not accept failure.

This is a typical gambler's mentality. When you win money, you don't know how to stop. When you lose money, you have to spend all your money, hoping to win back. However, the final result may be bigger and bigger losses.

There are several types of gamblers. Some people keep losing and still buy, and they become addicted to gambling. They don’t know how to repent until they lose their fortune, and they never leave the market. For example, Pei Guangqian’s father, Pei Dafa, is the first type of person.

Some people will play slowly with a small capital at the beginning, and continue to play with profits after winning, but once they lose, they will increase the principal and invest all in it. He started to play slowly with small amounts again.

Pei Guangqian is such a person. If this kind of person keeps losing when increasing the principal, he will lose everything in an instant.

After Pei Guangqian went long again, the silver futures contract fortunately kept rising. In just two hours, before noon, Pei Guangqian made double the profit, from the principal of 2 dollars to 1000 dollars in an instant.

Pei Guangqian quickly closed the position. Excluding his own investment, he made a net profit of 1500 knives in less than a day.

Futures are different. It's too easy to make a big difference with a small one.

Although he made a profit of more than 1 yuan, Pei Guangqian spent a lot of time thinking about those things in the futures, and he didn't even bother to look at the stocks.

The stock market that day was actually not worth seeing. The crystal electronics he bought almost didn't rise, and the amplitude was not large. Apart from adding Xu Zihong's capital to the position, Pei Guangqian didn't do anything.

And he wanted to use this part of the money for T+0, but unfortunately there was no price difference, and the entrusted sell order could not be filled.

It seems that to quit this futures game, Pei Guangqian withdraws all the money on the platform and deletes that APP.

This kind of thing really can't be played.

In fact, risk does not exist, it is always around, and sometimes people will selectively ignore it.

If all the funds are invested, you will face the risk of having nothing every day, which is enough to affect a person's mentality.

After adjusting his mentality, Pei Guangqian finally recovered his thoughts from gold futures.

Liao Dahai sold Joyoung Appliances that day, earning thousands of dollars, and only held the position for one day.

"Ah Qian, stock trading is really enjoyable. No wonder you don't want to do anything else. It seems that there is still a future for full-time stock trading." Liao Dahai pushed the door in and shouted loudly. He looked very happy.

"How much did you earn?"

"More than 8000, I just sold it."

"No, why did you sell it so quickly, if the market continues to rise?"

"This can't be managed so much anymore, it's safe to put it in the bag."

"You can't double your income like this. If you only hold a stock for one day, then you need to study the stock every day and then re-enter the market. Are you tired?"

(End of this chapter)