Rebirth: Making money is a million times easier than falling in love

Chapter 25: This is faster than robbing money!

On the screen, the candlestick chart shows an upward red line, rising towards the 1% mark.

This trading volume, generated by the pre-market auction, drove up the price.

Given the current price of garlic, it's already considered a high starting point.

At the same time, a long position also appeared on Lynch's holdings page.

Five minutes before the market opens at 9:00 AM, a call auction can be held.

The so-called call auction is when everyone freely places buy and sell orders during a period of time before the market opens.

Then, after the market opens, the platform will centrally approve buy and sell transactions.

If there are many accounts placing multiple orders, then the candlestick chart will open more frequently, meaning it will be higher than 0%.

If there are many accounts placing short orders, the candlestick chart will open lower, below 0%.

The fact that the K-line opened higher now indicates that a larger proportion of speculators in the market are bullish.

China has a large population and has never lacked intelligent people.

There are many people who can see business opportunities in the market, and the financial market is even more full of hidden talents.

It seems some people have already sensed the potential for a surge in garlic prices.

Looking at the fluctuating K-line chart, Lin Qi's thoughts were in turmoil.

The uncle, who was standing nearby, was excited but didn't understand it at all.

After studying it for a while, he asked Lin Qi, "So? Did we make any money?"

Gathering his thoughts, Lin Qi pointed to his account interface and tapped the long positions below the holdings.

"We've already bought in. Here's the account's current holdings, look."

The location Lynch was pointing to displayed his holdings information.

大蒜（0906）多/多 119/119 19706.4/19611.2

Pointing to each location, Lin Qi explained them to his uncle one by one.

"The garlic (0906) here refers to the garlic futures contract. 0906 means the garlic warehouse receipts for delivery in June 2009."

The "more/more" here refers to a long position, meaning we are betting that garlic prices will rise, which is equivalent to buying more.

The 119/119 here refers to the number of garlic contracts we hold, which is 119 tons.

The younger uncle listened attentively, nodding as he listened: "So that's how it is. It doesn't seem that difficult!"

"Trading itself isn't that difficult; the difficulty lies in judging the market."

Lin Qi smiled, took the bottled water, and took a sip.

He has already solved the most difficult problem; all he needs to do is place an order without thinking, which is of course simple.

"Huh? Then why did we only buy 119 tons? Why not buy 120 tons to round it up?"

My uncle's eyes, peeking out from behind his slanted bangs, revealed a childlike innocence.

"Because we don't have enough money."

Lin Qi calmly explained: "When placing an order, a handling fee of 2 yuan per ton is charged for each transaction."

If we buy 120 tons, then it will be 18.4 yuan short.

Upon hearing this, the younger uncle slapped his thigh and exclaimed, "That's almost it? Tell me! I have some here!"

As he spoke, he reached for his wallet.

"No."

Lynch stopped him: "It's not about the $18.40; the market price has been fluctuating."

If the price drops by the close of trading, we will need to replenish the margin.

If you don't replenish your margin, your account will be liquidated, which is a losing proposition.

Leaving 1 ton of space also allows for some operational flexibility.

In his previous life, Lynch also disliked placing orders in whole numbers when trading.

Especially when buying in with all his funds, he habitually leaves himself a sliver of hope.

"All right."

The younger uncle chose to listen to Lin Qi's opinion.

He looked at the screen and continued, "So, are we making money now?"

"Here."

Lin Qi pointed to the average opening price and explained: "Red means you've made a profit, and green means you've lost money."

I've earned 95.2 yuan so far... Now it's 119 yuan.

As he spoke, the numbers fluctuated with the market.

Upon hearing this, the younger uncle immediately swept his side-swept bangs to the top of his head, his eyes widening in surprise.

"What?"

He pressed close to the computer screen, afraid he might be seeing things: "Only a few minutes? And I've already earned over a hundred?"

"right."

Lin Qi looked at the fluctuating numbers, feeling completely calm.

He would never have known how to make money this efficiently in his previous life.

On which day did the fluctuations in his trading account not reach hundreds of millions?

That hundred-odd yuan isn't even enough to buy him a pair of socks.

But for my uncle, this kind of money-making efficiency was simply a pipe dream.

"Wow! This is making money way too fast!"

He was so excited his face turned red: "I only earn eight hundred yuan a month! This little bit of money is one-eighth of my salary!"

"It's one-quarter."

Lynch pointed to the numbers on the screen as a reminder.

While we were talking, the unrealized profit in the account had already exceeded 200 yuan.

Holy crap!

My uncle was so excited he almost jumped up: "This is faster than robbing money!"

Lin Qi smiled and didn't disturb him.

When he first entered the industry, he was in a similar situation to his uncle.

Once you've experienced this speed of making money, you'll never want to work for someone else again.

My uncle's mind was completely absorbed in the screen, rising and falling with the fluctuations of the K-line.

"Huh? Why did it fall back down again?"

He pointed to the dwindling profit and anxiously asked Lin Qi, "How come it's less than a hundred again?"

"normal."

Lin Qi casually explained, "This surge was caused by the morning's pre-market auction, where the bulls gained a certain advantage."

But the bears' counterattack was fierce, repelling our bullish momentum and wiping out our unrealized profits.

"Huh? You can do that?"

The younger uncle got impatient: "Who's the short seller? How could they be so mean? Are they looking for a beating?"

"Those who don't want garlic prices to rise are the short sellers!"

"Damn it! Those sons of bitches who are shorting! May they die a horrible death!"

The younger uncle cursed angrily, while Lin Qi jokingly said, "You won't say that anymore when you become an empty shell in the future."

That's just how the market is; the shift between bullish and bearish sentiment can happen in a second.

"We'll talk about that later."

My uncle has a very open-minded attitude: "Anyway, I'll just yell at anyone who tries to stop me from making money!"

Lin Qi smiled without saying a word, only looking at the suppressed K-line, and fell into deep thought again.

It seems that the bears still hold the advantage in the market.

News of the Mexican flu hasn't reached China yet, but in just a few days, once the World Health Organization issues a warning, it will be difficult for short sellers to control the market.

Time flies, and before we knew it, it was 11:30 a.m.

The electronic trading platform is open from 9:00 AM to 11:30 AM.

The market is closed from 11:30 a.m. to 1:00 p.m., which is equivalent to a lunch break.

The market opens at 1 p.m. and remains open until 3:30 p.m., at which point the trading day ends.

Trading days are Monday through Saturday; the market is closed on Sunday.

My uncle, unaware of this, saw the candlestick chart suddenly pause and hurriedly asked, "Hey? Why did the candlestick chart stop?"

"It's lunchtime, time to eat."

Lin Qi smiled and gestured, "We should at least give everyone some time to rest, right?"

"What rest? You've been sitting here the whole time without moving an inch."

The profit on the screen had already reached over three hundred, and the uncle was so anxious he was scratching his head and saying, "Why don't we keep it running? We're making money right now! How can we have time to eat?"

"It's important to balance work and rest!"

Lin Qi stood up and said, "Let's go? Let's get some food."

"I'm not hungry."

My uncle stared at the screen, reluctant to look away: "Go ahead and eat, just bring me something back."