How did it happen? From fifty thousand to several billion!!
The ups and downs of trading are inevitable. Everyone has moments of frustration! Whenever I feel despondent and think 'let it go', I look at the path of success taken by the Northern Beggar. In the futures world, there is a legendary figure—Fu Haitang, who hails from a rural background in Shandong, with a middle school education, and grew up in a poor family. No matter what, he never gives up, always striving to find opportunities in life.
One, a humble starting point, fighting repeatedly through failures
From 1983 to 1999, Fu Haitang dabbled in multiple industries, including selling dog and sheep skins, planting garlic and corn, raising quails and pigs, until 2000, when life began to improve. However, this transformation into an 'entrepreneurial farmer' did not seem to completely change his fate.
Two, a glimpse into futures, the pain amidst market fluctuations
In 2000, Fu Haitang accidentally saw a newspaper report about the futures market at his father-in-law’s house, instantly developing a strong interest in this mysterious market. Since then, he rode his bike to the city every day to learn about futures in depth.
At the same time, his pig farming business gradually fell into difficulties. From 2000 to 2009, Fu Haitang suffered nine consecutive losses in the futures market, accumulating a debt of 3 million yuan.
Three, the soybean bull market, challenges arising from rule changes
In 2003, Fu Haitang sensed that a bull market for soybeans was about to arrive, and he decided to decisively enter the market to go long. However, fate played tricks on him once again. The exchange temporarily modified its rules, and the market suddenly contracted, resulting in a significant reduction in Fu Haitang's profits. Once again, the loss left him feeling confused, but he never gave up. In 2007, he once again seized the opportunity, fully invested, but faced with an unexpected pullback, he ultimately faced a margin call and exited the market.
Four, garlic prices soar, the first explosion of wealth
In 2008, after hitting zero, Fu Haitang re-entered the market with only 50,000 yuan left. This time, he targeted the garlic electronic market, leveraging his years of planting experience and unique understanding of garlic's fundamentals to predict a sharp rise in garlic prices. In the context of the 2009 H1N1 outbreak, global media widely reported that 'garlic prevents H1N1', causing garlic prices to soar, with the highest increase reaching 30 times. Fu Haitang also earned 6 million from this surge.
Five, the crisis in Shouguang and the assistance of a network of relationships
However, the joy of victory did not last long. After Shouguang implemented a centralized transfer system, the soaring garlic prices faced policy risks, and after hitting the price limit, the exchange required position holders to close their positions. At this moment, Fu Haitang keenly noticed changes in the market and quickly realized that major funds might start to short. To protect his capital, he began communicating with the exchange through his network and ultimately successfully preserved his 6 million in profits.
Six, cotton futures made 120 million, ushering in a career turning point
In 2010, Fu Haitang began to pay more attention to in-depth market research. He drove a second-hand Chery QQ for 40,000 kilometers, personally researching the cotton market, and ultimately made a large profit of 120 million by accurately buying cotton futures. After nine consecutive years of losses with no one caring, a wave of cotton prices made Fu Haitang's name known throughout the market.
Seven, supply-side reform windfall, wealth erupts again
In 2016, the implementation of supply-side reform policies brought Fu Haitang a new golden opportunity. No matter which variety he trades, his vision can always accurately capture market trends. Through operations in multiple varieties such as soybean meal, black metals, and glass, he quickly increased his capital to 400 million. Following this, with his precise judgment on rebar futures, he once again earned a profit of 1 billion.
Eight, the rise of 'Northern Beggar', rumors in the martial arts world continue
Today, Fu Haitang is already a legendary figure in the futures market. With his unique investment vision and bold trading style, his wealth has long surpassed billions, earning him the nickname 'Northern Beggar' among the public. From a poor rural boy in Shandong to a giant in the futures market, Fu Haitang's journey of reversal is nothing short of legendary.
In the legendary experience of senior Fu Haitang, CC sees the power of persistence and faith. Behind success, there is never an immediate brilliance, but the courage to stand up again after countless falls.
In each of our life journeys, we inevitably encounter struggles, failures, and confusion, but it is these tests that bring us closer to the shores of success.