Short story by Phan Thuy Ha.
It attracts participants with the form of high leverage, which can borrow two thousand times the capital. For smart investors, leverage is an advantage, bringing maximum profit when encountering good opportunities. Smart investors are not blinded by leverage.
At that time, my job at the printing factory was difficult, finding a contract was too tiring. While I was struggling to find another business direction, an old friend appeared, introducing me to a very new and strange investment channel, with a very professional name: trade gold.
Guaranteed steady profit of twenty percent a month, no risk. I said, it sounds great, but I don’t have time. My best friend from fifth grade told me to just transfer the money, he’ll take care of the rest. I eagerly transferred one hundred million to his account. One hundred million was multiplied to more than one billion for investment and also dropped according to the ratio if I made a wrong buy or sell order. Understandably, I lost all that money in just a few days.
He called it a temporary loss. As long as there is money, there is opportunity. Opportunities always appear in this market. I transferred him another two hundred million, hoping to recover the loss. The money was gone forever. The second time I heard him say the word "burn" but still did not understand what burn meant. "Burning the account" means the money in the account quickly disappears due to high leverage. Riding on the tiger's back, I deposited money a third time to recover the money lost the second time, deposited money a fourth time to recover the money lost the third time. In two weeks, I withdrew all my reserve capital and borrowed more from friends to give to him.
Before disappearing, he confessed that he himself could not imagine how terrible this gold world was. What he had told me was just what he had heard from a gold broker. He was extremely regretful and advised me to return to my old job. He actually came to his senses. I blamed myself for being too greedy and losing all reason. Losing billions of silver so easily, after a while of being down, I would recover. My manly spirit urged me to fight. To win a great victory, I had to understand the enemy and know myself. I transferred the printing factory and liquidated all the equipment, spending my time and mind researching the so-called world gold, or account gold, virtual gold.
And so, the game begins.
--------
I call Sua a night owl because I see her lights on at any time when I log on to the forum. That quick-witted and determined girl knew how to make money from buying and selling each tael of gold for the difference when she was in high school. At that time, the price of gold followed the rule of decreasing in the morning and increasing in the afternoon. Sua knew how to access the internet to compare domestic gold with international gold. Sua learned this lesson in the summer of her tenth grade year when she went to her uncle's house to babysit. Her uncle worked at home, turned on the computer every day and followed the green and red arrows on the screen. He briefly instructed Sua on the numbers and terminology so that every time she went out for work and called Sua to ask what the price was, Sua could answer immediately. Two years ago, Sua's uncle shared an account with three rich friends. Each of them was said to have blown away several billion-dollar plots of land.
When Sua was nineteen, her father passed away. In those days, only the soaring price of gold could pull Sua out of her grief. I noticed Sua when she wrote a poem in memory of her beloved father who had passed away so quickly. Sua's older sister got married, her mother divided the land in half, and Sua sold her portion to get more capital for investment. In 2011 and 2012, Sua earned a profit of about a few hundred million each year, better than her uncle, a teacher who had been in the market for twice as long as Sua. Until now, Sua's uncle still hasn't made a single penny from the market, not only that, he's even losing more.
- Night owl, it's past three in the morning.
- I just woke up to close the order, I'm going to sleep now.
At 7am, Sua was already screaming on the forum. The girl did not hesitate to publicly announce her loss. The forum's five hundred members connected to each other to reduce the pain. Sua did not have a herd mentality, she only believed in her own feelings. If she did what she wanted, even if she died, she could not blame anyone.
- Entering orders continuously like that will make you seasick.
- I'm stuck again, bro. I can't stand looking at the chart for ten minutes without placing any orders.
- Turn off the computer.
- Can't turn it off, I have to do work on the computer.
Last night Sua placed a sell order, the market price skyrocketed as soon as it opened, and she didn't have time to close the order.
- You should learn technical analysis properly. It's not good to play like that.
- If technical analysis could win, the whole world would quit their jobs and trade to get rich.
- I have to set a stop loss order to protect my account. I have to practice it until it becomes a reflex.
- Can you comply with that?
- I'm trying. Let's remind each other to do it.
- This order loss is equivalent to a month's salary, so this month is like working for free. Good luck or bad luck.
- You can't be lucky forever. You have to have a capital management plan.
- Finish this order, I hear you.
One morning I didn't see Sua online, in the afternoon she texted me that she was married. Another morning like that two years later, she texted me that she was divorced this morning.
- If they just sit there and refuse to sign, they can't do anything to me, but it's so humiliating. His girlfriend is about to give birth and we just found out.
- Is it because you are too addicted to gold that you become like this?
- I don't know. He abandoned me and my mother. Honey, have I made the biggest mistake of my life?
--------
In early March 2013, the price of gold fell freely. That wave swept away a family. My wife took the nine-month-old child and left. The last asset, the house, was gone. Like a beast howling in despair and loneliness, I, the madman, rushed out into the street in the middle of the night. No car hit me to wake me up from my sleep. Even the god of death did not want to accept me. He kept me alive to punish me. I turned on my phone. A message from Sua. Are you okay? Text me back so I don't worry. I texted, I have to leave this city, can you find me a job there, a motorbike taxi, a porter, a mortar mixer, anything, the situation is dire, I have no way to escape. My series of messages probably scared Sua. I scolded her when she did not follow the discipline but I kept making mistakes. Maybe traders tend to fight against themselves. Two days later, she texted back. The psychological fortitude of an investor is like the inner strength of a knight-errant. The inner strength is often cultivated by elders for decades to achieve ultimate power. Go home, brother. Aren't those the words you encouraged me when I was desperate? The motto of a master written on the forum. It's ironic that you mention it now.
Some exchanges have promotional policies. Deposit money to play and your capital will double or triple. I also pawned my motorbike. Learning a few tricks from the low-class traders, I earned a little capital. Then I spent days and nights carefully preparing each order. Being a gold trader, you have to be cowardly to survive. You can't be a hero, predict the bottom, don't be greedy, don't need to prove yourself.
I'm a coward but the money still slips away.
--------
- I have a big problem.
- I listen.
- My boss is being investigated. He borrowed all my profits and capital over the years to take care of the matter.
- Why do I have to be responsible for that?
- He was my dad's good friend in the past. If we don't help, he might go to jail.
- Are you worried you won't get it back?
- No, I'm worried about other things. It's hard for me to trade with a small capital, it's very stressful, I keep losing.
- You take a break.
- I can't rest. I don't know when they will give me the money.
- Do you play credit?
- What do you mean?
- The exchange lends me money to trade, at the end of the week I will summarize, I will take the profit and have to cover the loss. That's all, no conditions. I know the exchange owner, I can guarantee for you.
Sua quickly installed the new software, received the password with an account of two thousand dollars. Knowing for sure that the trader would die, but for a few percent of the commission, the brokers of the floors would find a way to lure dying customers into the trap. I added more pressure to her with the formula of enthusiasm plus ignorance.
- I'll cover this loss, let's stop here.
- Or you can advance me ten thousand.
- This amount of money is large, I can't guarantee it, I need a promissory note, it's very troublesome.
- At most I will send you my mother's house papers.
- You're crazy.
- I'm reckless, I'm not crazy.
- What if I lose everything?
- Accept.
- I'm afraid of you. Your animal instincts are too strong.
- I'm scared too.
- You should quit trading. What happiness is there in living like that?
- Can you quit?
- I don't.
Me too.
Got it, lost it. Lost it, tried to start over from negative. Day after day, month after month. This is strategy, this is analysis.
--------
- I just bought gold.
- Big order?
- Full. Just increase the price by ten and the account will double. I will have enough money to pay off the credit.
- Too dangerous, there will be big news in an hour. The UK is holding a referendum on Brexit. I've told you many times to avoid placing orders when big news is about to come out.
- I forgot. What now?
- If you can escape, there will be no more problems.
- Oh my gosh, I'm on business.
- Where is the phone?
- I deleted the software on my phone. Now I'll play on my desktop.
- Why delete?
- I don't want my mom to know. I promised her I would quit trading several times.
- No more talking. Hurry up and follow the orders, we'll have the results in 45 minutes.
On June 23, 2016, the price of gold immediately increased by 80 after the British people agreed to leave the EU, this was the strongest increase in the price of gold since 2008. Sua disappeared after the text message. The phone was unreachable. I sent a private message to the forum mailbox. I waited for Sua to return, along with hot news like she had remarried, this time she was very rich or whatever stupid thing she did.
I haven't made a decent trade for months.
--------
Six years with that much information: nick Sua, trading gold, construction company accountant, divorced, has a one-year-old child, lives with her mother. I searched through my D E C drive. The photo she sent me on the engagement day to prove that she was married was correct. She was wearing a red ao dai, leaning against the door of the house opposite when the groom's family had already brought the trays and left by car. Isn't it brilliant, brother? I replied with an angry smile. Number 61, the nameplate of a heroine she once mentioned. Small street and probably far from the city center.
The train leaves at nine o'clock at night. I have to see you. Just to know you're okay.
It's been so long, why are we so late for everything? The little child looked at the strange man in confusion. The old mother held her grandchild and stood at the door waiting. She drove too fast. The psychological fortitude of an investor is like the inner strength of a knight-errant. Her eyes closed. Who groaned with me in the long nights?
I stayed to have a vegetarian meal with the two of us. The afternoon garden was quiet, the golden squash flowers swayed, the bells and wooden fish began to chant. Night owl, were you laughing or crying? You felt like you were floating like flowers and leaves.
Gold prices never stop fluctuating. Traders come and go, but human psychology fundamentally remains the same, leaving behind the lamp of experience.
Life is not eternal, I write to Sua, to myself.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BinanceTurns7 #MtGoxJulyRepayments $BTC
