My Ex Broke My Heart, But I’m A Hundred Billion Financial Stock God - Chapter 2
Chapter 2: Can’t Afford 500 Yuan
Translator: Nyoi-Bo Studio Editor: Nyoi-Bo Studio
This guy was named Zhang Tao. He came from a rich family and looked down on Qin Fan because he dated Zhao Ying.
He was jealous. Now that Qin Fan had broken up with her, he was gloating.
Qin Fan pursed his lips and did not take it to heart. He just said casually, “Don’t worry. She’ll regret it soon!”
As soon as he said that, Zhang Tao felt amused and laughed out loud.
“Yea right, she would regret it,” he said with a smile, “Who do you think you are? Qin Fan, I know what kind of family you come from.”
“Your monthly living expenses are less than what I spend for a day. You think you can make her regret?”
Qin Fan glanced at him coldly and did not say anything. He took out his old second-hand laptop.
He was going to check the stock market now!
What was the stock market about? There were the trend of A stocks, Hong Kong stocks, and so on.
A-shares were divided into many categories, such as Shanghai a-shares, Shen-shares, and so on. These shares were all using the t+1 trading model.
In other words, one could only buy now and sell on the second day. Moreover, one could only buy long, which meant they could buy at the lowest price and hope to sell at the highest price.
They were making money from the difference in the share prices!
Hong Kong stocks could be traded with t+0, which meant that it was possible to buy and sell at the same time.
Moreover, one could leverage a few hundred buying-and-selling points to short them. He could buy them at the highest price, and if they fell, he would make a lot of money.
This was the crazy trading world after the 20th century.
It was the most profitable industry. Warren Buffett from Wall Street relied on trading to become the world’s richest man. He was on the Forbes world’s list of the richest.
One could make 100 billion in a second and lose 100 billion in another second.
The winner was King, and the loser was Bandit. This was the game of capitalism!
It was also a world where one could go to heaven or hell with a single thought!
Qin Fan checked the stock market. Zhang Tao who was at the side, pouted and thought that he was pretentious. He sneered and mocked Qin Fan.
Then, he brought the other roommates out for a meal.
“What? Are you checking the stock market? What an act. Everyone, let’s go out for dinner tonight. I’ve asked a few girls to join us. It’s a hot pot restaurant. The guys will split the bill.”
“Pay 500 yuan, and you’ll have a chance to interact with the girls from our university!
Hearing Zhang Tao’s words, the eyes of the single roommates lit up. They happily paid for the registration.
“Brother Tao, take me with you. I also want to get rid of my single life.”
“Tao, I’ll transfer 500 yuan to you. It’ll be great if I can find a girlfriend.”
Zhang Tao took the money with a smile on his face and left with the group. They did not bother about Qin Fan at all.
After all, in his opinion, Qin Fan could not afford to pay 500 yuan.
Someone tried to ask Qin Fan to go along, but Zhang Tao waved his hand with a sneer on his face.
“Can that guy afford to pay 500 yuan for a meal?”
“Stop joking. He can’t afford it. Everyone, ignore him. The most important thing is that we have fun.”
The group of boys left without noticing Qin Fan who was currently checking the market.
…
“You have successfully received the financial information. Please note that after the market opens…”
“…for the foreign exchange USD/JPY, fluctuation range is 1 round point, fluctuation on the index is 105.8 to 106.8.”
Unexpectedly, the trend of the USD/JPY was predicted. What was that about?
This was a foreign exchange leverage trade, although it looked like it was only 1% or less.
Don’t forget, one could double it up by using the leverage!
After getting a broker, he could use thousands of funds to gain hundreds of thousands. Nevertheless, it came with a price.
If he lost too much and end up losing all the stock, he might have to compensate these hundreds of thousands.
One could easily owe the bank a debt of billions!
Qin Fan’s face was fearless. He found a brokerage firm and the first thing he did was to calculate it according to a hundred times leverage.
An increase of about 0.1 would make an increment of 10%!
In other words, the biggest fluctuation could lead to a 100% profit!
He could even turn 10000 RMB into 20000 RMB.
Of course, it wasn’t that simple. It wasn’t as simple as making 2 from 1.
A 100% profit fluctuation was very likely to make more than 10 times profit!
Qin Fan was really grateful for predicting it. Using the foreign exchange leverage, at T+0 trading time.
It would allow him to earn money quickly. If he could get the foreign exchange forecast in the future, he would be able to achieve what he previously had in just a while.
And now, after taking action, he made a profit!
With 1,000 RMB in hand, he could only start with a small leverage. However, Qin Fan was not worried. It was fine as long as he made money. He could make a fortune after a short while.
Today’s foreign exchange fluctuations were good.
105.9 Earn 10% profit.
106.0 Earn 20% profit.
After selling, he continued to buy short. He bought in with the price of 106 within a minute. Then, he was waiting for the fall.
105.8 Earn 20% profit.
105.7 Earn 30% profit.
After two times, he made 1600RMB with 1000 RMB.
It was not even 300 USD!
Of course, this was only the beginning. After all, it had only been less than 10 minutes.
After 10 minutes, Qin Fan had earned 500RMB.
If he continued for another ten minutes, he could make 3000 RMB.
Another 10 minutes later, he could easily make more than 5000 RMB!
In an hour or so, he could get 10000 yuan. This was how terrifying trading in the stock market was.
However, he only had 1000 yuan in his account now.
Qin Fan continued to trade. He didn’t care about anything else. After all, making money was the most pleasant thing in this world.
He only wanted to make money now.
To double the leverage, increase the capital, and ensure the maximum profit every time, he had to concentrate on it.
He didn’t even have the time to go to the bathroom, let alone drink water.
Time passed by.
After an hour and a half, the guys finished their dinner and returned.
They returned to the dormitory with faces full of regret. Obviously, they didn’t get the girl’s contact during the matchmaking session.
It was not that easy to woo a girl.
There was only one person who had a bright smile on his face.
He said, “Right? I’m quite lucky to get the goddess’ number.”
The few boys quickly leaned over, trying to curry favor.
“Tao, you got Chen Xuerong’s number. You’re amazing.”
“That’s right. Ask me out for the next gathering.”
Zhang Tao’s face was full of arrogance as he swept his gaze across the dormitory. He didn’t bother about them.
“I’m different,” he said. “I can easily get any girl that I want.”
“Some people don’t deserve to be with the school beauty at all!”
The other boys immediately knew who he was referring and looked at Qin Fan.
They noticed that Qin Fan was still looking at his laptop. Some of them approached him curiously.
“Qin Fan, what are you doing? You’ve been on the laptop the entire afternoon. Are you okay?”
“What are these English words? Qin Fan, when did you become so good that you can even understand English?”
