A real experience:
My friend, a veteran who has been in the stock market for many years, firmly believed that the market had hit the bottom when the Shanghai Stock Index plummeted to 2,900 points. He decisively mobilized 10 million of his own funds and borrowed an additional 10 million, for a total of 20 million to buy stocks, preparing to make a fortune.
However, the trend of the stock market did not go as he expected, but continued to drop to 2,700 points. At this time, he faces a huge risk of being forced to close his position. Once the position is closed, all his assets will be wiped out. He came to me anxiously and asked me for help. I asked him about his situation, and he told me that as long as he experienced another limit drop, his financing bank would completely collapse.
I know the cruelty of the stock market and understand his plight. So, I told him that I had prepared 20 million, and if needed, I would transfer it to him immediately. On February 2, he called urgently, with a hint of panic in his voice, saying that he could no longer hold on. I told him I wanted to go see for myself.
As a gold card account holder, I have the authority to transfer 10 million at a time. I rushed to his location with the card. I told him that we were friends and I was willing to invest the 20 million to help him, but the profits and losses would be on me. After hearing this, he burst into tears and agreed to my proposal.
So, on the 2nd and 5th, I transferred 20 million to him four times. On the second day after we transferred the money, which was the 6th, the stock market suddenly rebounded, rising by more than ten points. Then on the 7th, it rose by nearly ten points. In just two days, the market rose by an astonishing 21 points. . His 20 million capital made a profit of 4.2 million in just a few days.
At noon on the 7th, I decisively asked him to sell the stocks I invested in. Although he was a little reluctant, he finally followed my advice. Looking at the growing numbers on his account, a long-lost smile appeared on his face.
Last night, he specially asked me out for a drink to express his gratitude to me. If it weren't for my timely investment of 20 million, when the stock market fell to 2680 points, his financing position would have been forced to be liquidated. He told me that my money has been transferred back to my account, but due to bank regulations, I need to wait until the 8th to withdraw money.He did the math and found that the total was 24.2 million.
I smiled and said that I would take back all my principal of 20 million, and I would take 4 million of the remaining 4.2 million in profit. 200,000 of them were used as trading fees for him, which was regarded as recognition of his operation. As for the 4 million profit, I first took away 2 million for the New Year, and lent the remaining 2 million to him to continue the operation. He readily agreed and signed a 2 million IOU on the spot. To express his gratitude, he also specially gave me two bottles of good wine.
Just as we were chatting and laughing, the announcement in the carriage suddenly sounded: "Passengers, please get out of the car on the left side and pick up your carry-on luggage~" I suddenly woke up, and it turned out that this was just a dream. I smiled helplessly, shook my head, picked up my luggage and prepared to get off. Although this was just a dream, the experience made me deeply aware of the vagaries of the stock market and the preciousness of friendship.
