Chapter 26: Today's unrealized profit is 2380 yuan.
Chapter 26: Today's unrealized profit is 2380 yuan.
There are plenty of places to eat near the internet cafe.
However, Lynch's budget was limited, so he couldn't afford anything fancy.
He randomly picked a noodle shop, ate a bowl of noodles, and bought his uncle a fried pancake before heading back to the internet cafe.
In the internet cafe, my uncle was still staring at the screen, studying it.
"I brought you some fried pancakes, eat them while they're hot."
Lin Qi sat down and placed the fried pancakes on the table.
"I'm not hungry, I won't eat now."
The younger uncle had no appetite for the fried pancakes. He pulled Lin Qi aside and asked, "Didn't you say yesterday you could earn five thousand yuan a day? How come you only earned a little over three hundred this morning?"
"You still think it's not enough?"
Lin Qi laughed.
"No, I don't think it's too little."
My uncle flicked his bangs and quickly explained, "What I mean is, three hundred is a lot, but compared to five thousand, it's still far from enough, right?"
Lin Qi naturally understood what he meant, so he patiently explained: "Earning five thousand dollars is based on a 5% increase, but it has only increased by 0.3% so far."
The morning's gains were pushed back down by the bears; let's see if the bulls can mount a comeback this afternoon!
For the market as a whole, Lin Qi and his group's 2 yuan was nothing, barely causing a ripple and having no real impact.
What truly determines the market's direction is the combined force of major investors and numerous retail investors.
"Okay, as long as I can make money, it's better than working a regular job!"
The uncle sighed, his attention drawn to the fragrant fried pancakes.
"You know what, I'm actually a little hungry."
As he spoke, he took the bag of fried pancakes, pulled out disposable chopsticks, and started eating.
While taking a big bite of the fried pancake, he mumbled, "How much does the fried pancake cost here?"
「不加蛋的小份是2块5,大份是3块,加蛋的小份是3块,大份是3块5。」
Lynch only glanced at the price list before memorizing it.
"It's similar to what we have over there."
My uncle craned his neck, swallowed the fried pancake, and then sighed, "But we can't eat too much! I don't have much money left."
"fine."
Lin Qi patted his backpack behind him: "I still have some pancakes here."
"Yes, yes, yes!"
My uncle remembered pancakes and nodded repeatedly: "Pancakes are a good thing! They can stave off hunger and satisfy your hunger."
Let's just eat pancakes for the next few days, and then go out to eat when we run out.
"Oh? You don't think the pancakes taste so bad now?" Lin Qi teased with a smile.
"It's delicious! Why isn't it delicious anymore?"
My uncle chuckled as he shoveled the fried pancakes into his mouth, "I've been eating these since I was a kid. My favorite is the pancakes your mom makes."
As he spoke, he glanced at the trading interface on the screen and couldn't help but sigh, "When it comes to food, as long as you can survive, that's enough."
Money needs to be used to make more money! Making money is the only true goal!
Lin Qi smiled with satisfaction.
If my uncle can understand this principle, then all his hard work, all the words and effort he put in, has not been in vain.
After quickly finishing the fried pancakes, the uncle pulled Lin Qi aside and continued studying the software.
He knew nothing about trading and had only a superficial understanding of software.
During the market closure, he asked all the questions he didn't understand.
Lin Qi answered his questions one by one, and the conversation continued until the market opened in the afternoon.
As the candlestick chart flickered again, my uncle's attention returned to the screen.
After Lynch's explanation, he was able to understand the information represented by the data changes.
"Wow! Someone added 1000 lots to their long position! Holy crap! That's impressive!"
As he looked, he exclaimed repeatedly, "1000 lots is 1000 tons, right? The margin alone must be over a million! Wow! There are so many rich people!"
But as Lin Qi looked at the transaction information, he was actually doing some data analysis.
Apart from the opening auction in the morning, there was only one surge of long orders around 10:00 AM.
But it was quickly suppressed by short sellers.
Large buy orders have already appeared right after the market opened this afternoon. Is this a sign that the bulls are about to launch a counterattack?
He was making guesses in his mind, while his uncle was already exclaiming in surprise.
"Another 1000 lots! Has a big shot made a move? That's incredibly wealthy!"
"Holy crap! Another 1000 hands!"
"There are now large short orders of 1000 lots! The price increase has been driven down! Damn it!"
"Go, bulls! Kill the bears!"
My uncle looked like he was watching a football match, wishing he could jump into the screen and help the bulls crush the bears.
Looking at the alternating large buy and sell orders, Lin Qi had already made a judgment in his mind.
Judging from the speed at which large orders appear, the bulls' firepower is much stronger than the bears'.
The bulls can place a large order every 15 seconds, while the bears can only place one order every 30 seconds.
At this rate, the short sellers definitely won't be able to stop the price increase.
As expected, the K-line, which moved up and down like a knitted sweater, ran out of ammunition after 12 minutes of intense trading, leaving the bears with no choice but to watch helplessly as the bulls surged ahead.
The candlestick chart began to rise steadily, and Lynch's unrealized profits in his account increased rapidly.
500+
600+
800+
"Prices are rising! They're rising! Prices are soaring!"
My uncle was so excited that his face turned red and his shouts were deafening.
"Stay calm, stay calm."
Lin Qi reached out and pulled him to comfort him.
Even though they were sitting in a private room, disturbing the people outside could cause trouble.
They are unfamiliar with the area, so it's best for them to keep a low profile.
"oh oh."
My uncle knew this principle, but he couldn't help himself.
After being reminded by Lin Qi, he understood and shut his mouth.
But as he watched his account profits steadily rise, his excitement became increasingly difficult to contain, and he broke out in a sweat.
On the screen, the K-line has broken through the 1% mark and is steadily moving towards 2%.
The unrealized profit in the account has reached 1440+.
This figure is almost equivalent to my uncle's salary for two months.
He couldn't sit still at all. He stood up excitedly, grabbed the table, and stared intently at the numbers flashing on the screen, straining with all his might.
Suddenly, the rising numbers stopped, as if they were stuck, fluctuating repeatedly.
My uncle felt like he was being choked, and he was so nervous he almost passed out.
"What's wrong? Why isn't it rising?"
He grabbed Lynch's shoulder and asked nervously.
"The short sellers are making their move."
Lynch had noticed the changes in the large orders long ago.
The short sellers must have acquired ammunition and started making their move.
"It's over! The unrealized profit is dropping!"
My uncle looked at the plummeting profits and felt as if someone was cutting his flesh with a knife; he was heartbroken.
"Don't worry, it won't drop by much."
Lin Qi had already made a calculation based on the magnitude of the increase in short positions.
At this rate of efficiency, the short sellers definitely won't be able to withstand the bulls' counterattack.
As expected, the decline only lasted for two or three minutes before the bulls used a massive sell order to forcefully push the bears down again.
The previously stagnant unrealized profits began to rise again, which put my uncle's mind at ease.
"Prices are rising! They're rising! They're rising!"
With his low growl, the floating profit climbed step by step, finally settling at 2380 at the close.
"It's stopped moving again!"
When my uncle saw the data pause, he thought the short sellers had launched another counterattack.
"It's already 3:30 PM, the market has closed."
Lin Qi raised his hand to remind him.
"It's already 3:30? So fast?"
My uncle glanced at the time and realized it was already 3:30 in the afternoon.
"call!"
He breathed a sigh of relief and sat back down in his chair.
Only then did he realize that he had been standing for more than two hours, until his legs were sore and weak.
"Holy crap, I'm so nervous..."
He was panting heavily, wiping the sweat from his forehead, as if he had run a marathon.
"This deal was so exciting, I can hardly breathe."
He sighed, then sat up, leaned closer to the screen, and excitedly watched the closing price frozen on the chart.
Today, the closing price of the garlic (0906) contract was 840 yuan, an increase of 2.4%.
Their account has a floating profit of 2380 yuan today.
PDLP