"This feeling of free spending is truly great!" Su Yi exclaimed.
After paying off his credit cards and indulging in revenge spending, he still had over 7.5 million yuan in his bank account.
Of this over 7.5 million yuan, he planned to use 6 million to continue shorting the China Securities 500 Index futures, and for the remaining over 1.5 million, he wanted to buy a car first.
As for buying a house.
The few million yuan he had couldn't buy any high-quality properties in Modu.
Therefore, he decided to wait until he had accumulated more funds before considering it.
After buying a house, he also wanted to bring his parents over, let his mother receive treatment in Modu, and find a suitable kidney source for her.
He also wanted to establish a company, leverage his rebirth advantage to expand his business.
He also wanted to accumulate more capital to seize more dividends from the era's development over the next ten years that he was aware of.
He also wanted to...
There were many more things he wanted to do.
And all these things required a vast amount of money and capital to achieve.
Therefore, making money.
Leveraging the massive short-selling opportunity presented by the current bull market collapse to desperately earn money and accumulate more substantial initial capital was still an urgent priority.
Having understood all this, Su Yi, after the excitement of his spending spree subsided.
Calmed down, opened his laptop, and began to formulate his subsequent trading plan by synthesizing various current financial market information.
After today's major market rebound.
Among discussions within the broad investor community, the bull market sentiment grew strong again.
Furthermore, the article published as a front-page headline by a well-known official media two months ago, titled '4000 points, just the starting point of a bull market,' was once again widely reposted and cited by everyone.
This was used to suggest that the market's pullback to around 4200 points in this round was the policy bottom set by regulators, the ultimate reversal point within a bull market trend.
At the same time, this also indicated that regulators were still strongly nurturing the market, hoping that the bull market could continue.
With the support of these widely accepted arguments, bullish sentiment once again surged forward.
For a time, investors who were optimistic that the Shanghai Composite Index would set a new high for this bull market within the next month, and even those who believed it would definitely hit 6100 points within three months, became increasingly numerous.
Su Yi found that less than a day had passed.
Everyone seemed to have forgotten the grim scene of 'thousands of stocks hitting their daily limit down' experienced just last week, as well as the despair dominated by panic during today's extreme early morning plunge.
Someone once told him.
Retail investors in the financial market are like fish in a fishbowl, with a memory of only seven seconds.
A single massive bullish candlestick can change their bearish conviction; a single massive bearish candlestick can also change their strong bullish conviction.
Su Yi deeply agreed with this.
He knew that the A-share market was an investment market primarily dominated by retail investors.
Due to their differing cognitive understandings and various cognitive deficiencies, the broad retail investor group is inevitably swayed by emotions, leading to irrational trading operations or investment decisions.
Consequently, the 'pendulum effect,' where stock prices inevitably overshoot when market investors are generally optimistic and undershoot when they are generally pessimistic, frequently plays out in the A-share market.
Of course, this extreme emotional trend caused by the structure of the main investor group.
Su Yi believed it was precisely the unique charm of A-shares.
And each instance of emotional extremism often harbored excellent trading and investment opportunities.
Amidst the continuous surge of bullish sentiment both inside and outside the market.
The performance of overseas markets in the evening was also quite cooperative, all opening high and rising, injecting higher investor expectations into the A-share market's performance the next day.
Just as investor expectations gradually soared and everyone cried out "the bull is back."
The next day, Wednesday, June 24th.
Both the Shanghai and Shenzhen markets opened significantly higher across the board, with the Shanghai Composite Index opening directly above 4650 points, surging by 1.12%.
Su Yi watched the market open higher across the board, and sitting in the VIP trading room of 'Huaxin Securities Financial Street Fuxing Road Branch,' after transferring 6 million yuan into his stock index futures trading account, he was not in a hurry to open a position.
"Mr. Su, is this spot okay?"
Lin Xiaoxiao, his stockbroker, placed a freshly brewed cup of tea on the computer desk in front of Su Yi.
She casually glanced at the 6 million yuan available balance in Su Yi's account, her smile growing even brighter.
"If you have any other needs later, just call me directly, or send me a message on WeChat."
Su Yi tilted his head to glance at the bustling Financial Street outside the window, and the vaguely visible Modu Stock Exchange in the distance, responding,
"Okay, thank you for your trouble, Ms. Lin."
"It's my job, no problem,"
Lin Xiaoxiao replied with a smile.
Then, she discreetly left.
Next, the time quickly reached 9:30 AM, and both markets entered the official continuous auction trading phase.
Supported by fervent sentiment, and after regulators alleviated the pressure of panic selling from leveraged funds, the Shanghai Composite Index consistently opened high, moved higher, and continued its upward trajectory.
At 10:00 AM, the Shanghai Composite Index's gain reached 1.5%.
At 11:00 AM, the Shanghai Composite Index's gain reached 2%.
At 1:45 PM, after a dip, the Shanghai Composite Index quickly recovered its intraday losses from the plunge, refreshing its daily gain to 2.32%.
At 2:00 PM, the Shanghai Composite Index continued to fluctuate upwards.
Su Yi patiently monitored the market, still not eager to place orders.
At 3:00 PM, the Shanghai Composite Index closed at 4690.15 points, up 2.48%, almost at its intraday high, while the main contract for the China Securities 500 Index futures, which he intended to short, had a daily gain roughly similar to that of the Shanghai Composite Index.
Facing the strong rebound from the bulls.
Su Yi monitored the market all day but didn't find a suitable entry point for shorting.
However, he was not in a hurry.
Ten years in the financial market had long taught him that the first and most crucial lesson in trading was to maintain sufficient patience.
Trading forcibly without suitable opportunities was the root of losses.
Although he knew that the Shanghai Composite Index could not return to 5000 points and that the market would eventually plummet, the market's movements were extremely volatile during the bull-bear transition.
Given the inherently high leverage of stock index futures as a financial product.
If he didn't pick his moments and mindlessly continued to short.
Even if he was correct about the direction, he could very likely be liquidated during the brief, intense, and frantic counterattack by the bulls after the bearish sentiment had been unleashed.
Therefore, even with the advantage of rebirth and knowing the market's medium-to-long-term trends.
He still had to remain cautious and calm, maintaining sufficient patience and timing judgment in his trading.
Seeing Su Yi sitting in front of the computer all day without making any trades, Lin Xiaoxiao felt a pang of wonder, but she did not rashly inquire about the reason.
She simply followed Su Yi's instructions.
After Su Yi left, she continued to reserve his spot in the branch's VIP trading room.
Another day passed.
Thursday, June 25th.
In the morning session, after continuously opening higher, the Shanghai Composite Index failed to set a new intraday high for over an hour.
At this point, a look of 'seeing the hunt with joy' finally appeared in Su Yi's eyes as he monitored the market.
Using the 6 million yuan in his stock index futures trading account, he heavily short-sold 20 contract units near the 10300-point level of the main contract for China Securities 500 Index futures.
(End of Chapter)
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