Wall Street Legend

"We Chinese have a saying: Wealth can be gained through danger. It sounds a little weird when you say it in English, but that's what it means."

Ye Dongqing holds enough power in Tamsui Fund Company. He does not have to worry that Kanike will refute his decision, but some issues must be explained clearly in advance. Then he said: "I am optimistic about the recent crude oil futures market. Last time, it was not enough." Supported by the good news, there was insufficient motivation for the rise in oil prices. I was lucky enough to do the right thing by withdrawing in time.

This time I draw a line in advance, four dollars. Once the price of crude oil rises four dollars from the current price, I will immediately clear my position and secure my position. For a gamble of about fifteen million dollars, the remaining money will be used as a deposit. I hope to use it as a deposit. The purchase price is reduced to less than 5%. "

At least twenty times leverage.

If sufficient funds can be guaranteed, some institutions will agree to let Ye Dongqing open a position with such a large leverage. The high leverage also has high handling fees. The middleman does not have too high risks, so how could he be unwilling to make this money.

Recently, I have been reading several investment books, and there is a sentence in it that he has remembered. The author said that if 80% of traders are bullish, it means that the head is not far away, and the market will fall. . On the other hand, if 80% of traders are bearish, it means that the bottom is not far away and the market may usher in a rebound.

People pursue "sell at high prices and buy at low prices". In fact, whether it is buying the bottom or trying to find the bottom, it is very dangerous. There are often misunderstandings in personal judgment. You may bet on the direction of the general trend, but how and when to move must be determined by the market. Decide.

In addition, risk control is also the key point. Ye Dongqing does not intend to chase higher prices. He has set a vague psychological price before opening a position, and is prepared to close the position immediately once the line is crossed. This is a good habit. There are enough opportunities in front of him, and it is important to learn to avoid blind greed.

If they had just met, Kanike might have thought that his little boss was crazy, but he had already thought so last time, but the result was that Ye Dongqing made tens of millions of dollars in one battle and successfully avoided the consequences later. fell.

Of course there is luck. This guy thinks that it is mainly because of the courage of the young boss. Seeing that Ye Dongqing has made up his mind, he shrugs and says: "Then give it a try. Anyway, I made so much money last time. It doesn't matter if I spit out some of it this time." , but the number of short-selling institutions has gradually increased recently, and the crude oil futures market does not seem to be very good."

"Don't compromise with the majority. You should know that most people in the futures market lose money. If those oil traders collectively short crude oil, I will never choose to do so.

The fact is that low oil prices prevent them from making much money, and they are busy trying to buy public opinion and exaggerate that they want to help others. They don’t know where they get the sense of superiority. But we Americans just do this. This is It's building momentum. "

Smart people don't need to speak too directly. Kanak understood that what Ye Dongqing was referring to was that oil merchants wanted to find an excuse to use force to indirectly interfere with oil prices. If a war breaks out in the near future, oil prices will increase. After all, production capacity will be affected.

Last time when he was doing business, he heard the little boss talk about this point of view, and replied with a smile: "Yeah, don't look at what the poor people's lives have become, the temper of the guy in Washington is very similar He can really do things that others dare not do, so I’m going to open a position now?”

"Well, I bought it today. It just dropped a little. I know that twenty-five dollars is far from satisfying the appetite of the long institutions."

For example, Ye Dongqing was comforting himself when he told Kanike that by investing based on memory and feeling, it was not certain whether he could make money. Maybe the estimation failed, and fluctuations in a few days could cause him to lose the two thousand and five thousand yuan. One million dollars, 20 times leverage, which is greater than the 12.5 times leverage last time, and the risk also increases.

As long as a fluctuation of just over two dollars will cause the more than 10,000 lots of crude oil futures to be forcibly liquidated, and the ten million dollars in supplementary margin will disappear together. Even if you can make more money with leverage, the losses will be quite terrible. Many financial tycoons became famous only through one battle, and then quickly committed suicide due to losses.

This kind of exciting financial game is not suitable for people without capital, let alone people with poor psychological quality. One hand holds a thousand barrels of oil, and even a million dollars is not enough, and they are embarrassed to say that they have speculated in crude oil futures. , the real big guys hold billions of dollars in their hands, and they only dare to use a small leverage of three to five times when playing with commodity futures. It is really rare to be like Ye Dongqing who is not afraid of death.

Kanak went to make arrangements. After Ye Dongqing made up his mind, he did not intend to change his mind. The price of crude oil fell more than it rose in the previous week. He felt that this period of shock was a good opportunity worth buying.

He thought it was a good opportunity last time, but ended up losing more than 10 million US dollars in the early stage. Fortunately, this time he used the book profits of Freshwater Fund Company. At least he didn't have to worry about being charged with financial fraud. No matter whether he made money or lost money, it was all his own.

If you want to open a position in the crude oil futures market again, you need to communicate with brokers and investment banks for the warrant position before you can get a definite answer.

As for Tencent, Ye Dongqing is still procrastinating. He wants to see the company's capital situation first. As long as there is no risk in the capital chain, investment is feasible. If it is not feasible, it can still be operated through options after it is listed. Judging from the data learned during the road show, it is not very likely that it will soar in the short term.

Chinese people like to say "raising chickens (funds)" vividly. This is a technical job and requires patience.

Although short-term speculation can make money, it is far less profitable than long-term investment. Since I feel that there are better places to go for the $50 million, there is no need to let the capital chain collapse too tightly.

New year and new atmosphere.

The online trading website of Tamsui Fund Company is online. PayPal offers a pretty good fee and has cooperated with several banks. The amount of funds is still very small. The first-day transaction volume is less than 40,000 US dollars. Mainly The source of customers is still Golden Island Financial Management Company.

Arrangements for recruiting new employees and increasing promotion efforts were just announced yesterday. Ye Dongqing is preparing to find a few professional agents, preferably unruly ones, and let them help manage the company and provide them to the headhunting company. Among the selection requirements, "two years of working experience in an insurance company" is clearly listed. Selling financial products and selling insurance are similar in his eyes.

People who have served as managers in insurance companies must know how to manage Golden Island Financial Management Company. As the main channel for public fundraising, Ye Dongqing did not dare to take it lightly. He was prepared to host the interviews by himself when the time came. It would definitely not be appropriate.

Mr. Alfred House, the director of Facebook, suddenly called Ye Dongqing and told Ye Dongqing a lot of terms that he didn’t understand. It probably meant that he had reached an agreement with Oracle Company (Oracle), servers and supporting companies. level software services, totaling approximately US$16 million.

Suddenly I had a headache, and complained: "I want you to feel better, I didn't ask you to buy something so expensive! Just make do with this year first, why do you have to think about next year? Okay, okay, you first promise Oracle people to help me Ask if you can pay the deposit first and settle the balance within three months.”