At 8:55 in the morning of the next day, after concentrated pre-market bidding, the main bulls took action, and the futures price followed the trend and opened sharply higher.

As of the morning break, it was up 55 points.

After the opening in the afternoon, it continued to rise sharply. At the close, it rose directly to 120 points, and the futures price reached 2486.

Lin Baiyao's floating profit also rose to more than 17 million.

This means that the funds are basically safe, the risk has dropped from 100% to 47%, and it can survive up to two lower limits.

Shen Chucheng's tense heart finally relaxed. He didn't know whether to admire Lin Bai's mastery of medicinal ingredients or to admire his boldness in eating all kinds of medicines.

However, in the futures market, the winner takes all.

Whoever makes money, whose operation is the golden rule!

After meeting at the hotel, Shen Chucheng said: "Mr. Lin, we, Mr. Wan, want to come and visit you... However, Mr. Wan also said that it mainly depends on your inconvenience, Mr. Lin..."

Mr. Wan is Wan Guoqiang, the boss of Wan'an Futures Brokerage Company.

Lin Baiyao smiled and said: "Please tell Mr. Wan that my visit to Shangdu this time involves too many things and I don't want to show my face. When this happens, I will visit you personally and ask for Mr. Wan's forgiveness."

Wan Guoqiang was Yu Jingzong's old subordinate, so he was very considerate to Lin Baiyao who was introduced by his former boss!

Originally, according to the articles of association of Wan'an Company, investors who opened new positions were required to charge an additional 2% margin on top of the exchange's 5% margin, for a total of 7% margin.

If this is the case, the actual leverage that Lin Baiyao can leverage is less than 15 times, and the income will be greatly reduced.

In addition, there are handling fees.

The handling fee charged by the exchange is 6 yuan per lot. Wanan Company charges an additional 1 yuan for large investors and 1.5 yuan for retail investors.

This means that for every lot Lin Baiyao opens, the handling fee is 7 yuan.

Wan Guoqiang not only did not charge Lin Baiyao an additional 2% deposit, but opened an account for him at the exchange rate of 5%, and also reduced the company's handling fee by 50 cents, charging only 50 cents per lot.

This is all a favor!

Therefore, even if Lin Baiyao cannot meet the other party, he still needs to maintain a good posture.

You can't let others give you face and you give others butt.

That is not embarrassing Wan Guoqiang, but embarrassing Yu Jingzong!

Shen Chucheng seemed to have known that Lin Baiyao would refuse, so he didn't say much, and promised to tell Wan Guoqiang later. Then he brought the topic to futures trading and said: "Mr. Lin, the market will be closed for the next two days tomorrow. What should I do when the market opens next Monday?

Please make it clear!"

“Can I increase my position with floating profits?”

"Yes, I will apply to Mr. Wan and it should be approved. But to be on the safe side, I suggest using 20% ​​of the floating profit to increase the position..."

Lin Baiyao shook his head again and said: "If I want to increase my position, it will still be twenty times the leverage."

Shen Chucheng's hands trembled, as if someone had stabbed him from his mouth to his stomach with a real lever twenty times as long, and his chest was so tight that he almost suffocated.

Boss, you are a real boss!

The risk level has just dropped, can you not play so exciting?

Do you have a mine at home?

After venting his thoughts in his mind, Shen Chucheng took a deep breath and said: "Mr. Lin, I still have to advise you... adding a floating profit to a position will increase the cost of the previous multiple orders and dilute the profit margin. Moreover, the position will increase.

If there is too much, if you draw back, not only may the added position be unprofitable, but the profits of the original position may also be eroded, making it easier to liquidate the position..."

Floating profit refers to the profit formed after a futures position is opened at a low price and the price rises to a high level.

Since this part of the profit cannot be withdrawn without closing the position, it is called floating profit.

There is a saying in the futures industry that those who make big money like to add positions with floating profits, but those who add positions with floating profits may not necessarily make big money.

Unless you are sure that a certain product has a sharp rise or fall in the market, you can look at the precise point and opportunity to add floating profits.

However, in a society where there is a probability of falling to death even while walking, not many people dare to do this.

Ninety-nine percent of those who dare to do this die, and those who live become legends of wealth!

"I know the consequences very well, just do as I say!"

Lin Baiyao's attitude is clear, what you say makes sense, but I don't listen.

Shen Chucheng silently set a rule for himself:

If you hold opposite opinions to Lin Baiyao on operational issues in the future, he will be a dog!

"Okay, if you just add a position with floating profit, according to the company's articles of association, you will be charged a 5% margin outside the exchange..."

The reason for this regulation is that once a futures company agrees to allow a customer to use floating profits to increase a position, it will bear a great risk.

The legal nature of floating profits cannot be completely determined to be owned by investors, but the ownership must be determined based on the settlement price.

As a result, disputes often arise.

In 2003, someone went to the Supreme Court, and the Supreme Court made a special judicial interpretation:

If the floating profit causes a loss, it will be deemed as an overdraft transaction, and for an overdraft transaction, the futures company will bear 80% of the loss.

This will kill you!

Therefore, futures companies are very strict about adding floating profits, and you must apply for and obtain approval before you can use it.

And an additional 5% margin will be charged. If the situation is not good, you can decisively close the position to minimize losses.

Lin Baiyao thought about it. The exchange charges 5%, and Wanan Futures adds 5%, which is 10% margin, which is equivalent to ten times leverage. The amount of funds that can be leveraged will be halved compared to the initial capital.

.

"Well, if you apply to Mr. Wan, can you only add 3%?"

Lin Baiyao handed over the phone.

Shen Chucheng hesitated for a moment, took the phone and said, "Let me try..."

Just as he was about to dial the number, Lin Baiyao changed his mind, held his hand and said with a smile, "Let's do this. Ask Mr. Wan to make an appointment and I'll go see him."

After the two met at a luxurious private club in a remote area of ​​Xicheng, Wan Guoqiang showed great respect for Lin Baiyao.

First of all, to have such a lot of financial resources at such a young age is because one's family is either rich or powerful.

Such people are the customers that all futures companies focus on.

Secondly, this was the first time in so many years that Yu Jingzong called him and asked him to try his best to take care of Lin Baiyao.

As a former subordinate, he was well aware of Yu Jingzong's powerful background, and the background of Lin Baiyao was also self-evident.

Respect Yidian is what you should do!

After a few pleasantries, Lin Baiyao took the initiative and asked Wan Guoqiang about his entrepreneurial situation in the commercial city.

This scratched the itch. When Wan Guoqiang talked about leaving the capital in 1993 and going south to the Central Plains to work alone, he was still filled with regret.

At that time, the competitive pressure and external environment he faced were extremely cruel. He spent all his savings of 200,000 yuan and relied on Yu Jingzong's connections to buy a seat on the Commercial Exchange.

Then I rented a house, hired people, bought computers, attracted customers every day, and placed orders over the phone. Unexpectedly, futures trading became so popular that I actually made millions in one year.

After making money, naturally some people will be jealous. He has been kidnapped and blackmailed by local snakes, and he was arrested by the black and white gangs...

Anyway, all kinds of hardships, monkeys going to the west to seek Buddhist scriptures are nothing more than this.

Fortunately he made it through!

Later, I felt that it was too slow to earn handling fees from seats, so I started to use money to trade futures.

At that time, the futures market had just been established and was disorderly and chaotic. As long as you were bold and looked at the direction of the wind, making money became extremely simple.

He tasted the sweetness and made tens of millions in profit.

Later, the Commodity Exchange required those with trading seats to register as a brokerage firm. He simply transferred his seat to a friend and made futures trading his main business.

But just like the philosophical truth said by Yesu Shang, movement will not disappear, it will only transform from one form to another.

After several years of development, the futures market is no longer what it was before. Both bulls and bears have formed terrifying main institutions.

Wan Guoqiang successively failed in red bean, indica rice, palm oil and other varieties, losing all the hundreds of millions of wealth he had made before. When he was most embarrassed, he only had 2,000 yuan in his pocket.

He once wanted to commit suicide.

It happened that the friend who had taken over the futures brokerage company was going to settle abroad and wanted to sell the company to him.

When he was desperate, Wan Guoqiang could only find Yu Jingzong again.

Without saying a word, Yu Jingzong lent him a large sum of money and took back the company, which is now Wan'an.

This is not a loan, but a new life!

Wan Guoqiang is an expert in the world of martial arts. The reason why he told Lin Baiyao this was not to show off his misfortune, but to explain his relationship with Yu Jingzong without leaving any trace.

One of our own!

Since Lin Baiyao is also closely related to Yu Jingzong.

Rounding things off, he and Lin Baiyao are our own people!

This is the king of friendship. We are all our own. If we have business in the future, how can we not take more care of him?
To be continued...