Chapter 761: Jiro Nomura's Professional Ethics
Jiro Nomura, a trader with more than 20 years of trading experience, got up early this morning, as usual, to squeeze into the crowded subway and rush to work at the stock exchange.
Arrived half an hour early, ate a simple breakfast on the subway, and chatted with a few familiar traders nearby with a few salty and non-light greetings, and then waited for the opening.
Today, I didn't have to place an order 15 minutes in advance, so I had plenty of time, and it was rare to have the leisure to pay attention to the situation of others.
The whole trading floor was as lively as usual, and there was already a jubilant atmosphere before the market opened, and probably everyone felt that today would be another big bull market.
The order is placed in a few minutes, and then it is to pass the waiting time with small talk.
Everyone is relaxed, but Nomura is different, although he always has a smiling expression on his face, and he rarely has the leisure to gossip, because he is not optimistic about the stock market recently - as a middle-aged man who has climbed out of the bottom and thinks he sees through all the glitz, he emptied all the stocks on his account yesterday.
When he was 10 years old, his home was destroyed by a bomb from the United States, and he was the only one left in the family, and he experienced too much suffering in the first half of his life.
Through the struggle to enter the securities trading industry, Nomura is the fight at all, and now it is known for its boldness and carefulness, and has also won the trust of many customers, relying on this unprecedented bull market in recent years, making a lot of money.
But these are actually just the appearances that Nomura Jiro gives to others: he is bold to others, but he has always been cautious and cautious with himself!
Other traders have bought cars and houses in the past two years, but the Nomura family of four still lives in the two-bedroom apartment they bought 10 years ago.
The eldest son is graduating from college next year, and his lover wants to buy a house, which is also stopped by Nomura, not because he has no money, but because he feels that the housing prices in Tokyo in the past two years are too abnormal, and it is all bank money.
If there is an accident, housing prices will definitely fall and banks will go bankrupt!
Anyway, the eldest son is 22 years old, and it's too late to wait two or three years before buying.
The lover at home has no opinion, regardless of the tradition of Japanese housewives, anyway, the husband can make money, and the family also has savings. If the husband can't make a lot of money one day, it means that the stock market and the property market will be bad, and it will be too late to buy it at that time.
The money was deposited in the bank, and Nomura Jiro deposited 7% of the money in the bank, or HSBC and Standard Chartered Bank.
Because he doesn't trust the joint-stock banks in his country, in his eyes, the banks that have not failed for a hundred years are the banks of insurance.
In recent days, Nomura has been keenly aware of the danger, especially yesterday morning, when he noticed that those Western funds began to withdraw, and the Nikkei index fell slightly, although the index was soon pulled up again due to the investment of domestic funds, but Nomura Jiro already felt the breath of danger.
Before the market closed at noon yesterday, Nomura dumped all his shares and, with the ethics of a trader, had a long phone call with his client to express his concerns.
But the client, Mr. Kaneshiro, was still hesitant until yesterday afternoon when the market closed, and did not agree with his point of view.
After work, Nomura spent a lot of time sorting out the data he analyzed, didn't even eat dinner, and went to the client's house to persuade him after nightfall.
By 9 o'clock last night, the client finally agreed that if a dangerous situation occurred, the shares worth more than 20 billion yen in their hands could be sold.
So Jiro Nomura seems to be in a good mood this morning, and it is a happy thing to get the full trust of big customers, but there is still a trace of worry in my heart.
As soon as the market opened at 9 o'clock, several stocks on hand rose slightly, but only three minutes later, one of them, "Dongbao Arts", suddenly began to plummet in a straight line!
Dangerous!
Because he had been given carte blanche by the client yesterday, Nomura didn't even make a phone call on the table, and he didn't care about the plummeting "Toho Arts", anyway, it was just a small head of the client's shares.
The first-class operator ability cultivated over more than 20 years is in full swing, and it is almost the fastest speed since he started his career to sell the other four stocks in the hands of the client.
Regardless of the market, not looking at the trend of other stocks, knowing that the trading volume will be very large, Nomura almost operated at a world record speed, and all four stocks were sold at a price 3%-5% lower than the actual price!
Don't worry that the client will blame, if it's just a false alarm and the market will continue to maintain a bull market in the future, then you can quickly help the client make back the loss.
If it is really a dangerous situation that you feel, then you are equivalent to saving the life of the client, and you will become a famous trader in the exchange!
Be careful with yourself and be bold with others, this is Jiro Nomura, who was born from the grassroots in the mud.
As soon as the second stock was thrown out and immediately taken over, Jiro Nomura, who was not wearing headphones, heard someone in the hall shouting: "No!
Just after a dozen or twenty seconds, after operating the fourth stock, and then operating "Toho Arts", this stock that made Nomura aware of the danger had actually fallen by about 7%!
Without hesitation, the hands flew quickly and set the selling price at a position 20% lower!
In just a few seconds, "Dongbao Arts" was also taken over.
There was no time to breathe a sigh of relief and look at the other two stocks - one of them has been picked up, but the other has only gone 30%.
There was already a mess in my ears, and someone was shouting: "Someone is shorting!", "Where is the money?......
Nomura didn't look at the reaction of his peers, but stared at the display screen, and unconsciously muttered: "Hurry, hurry, ..."
Pick it up!
Maybe it's 1 minute, maybe it's more than 10 or 20 seconds, but it may also be a few minutes, and when Nomura is about to lower the selling price by 5 points again, he liquidates.
Sitting down on the chair all of a sudden, he felt as if he had been drained of all his body's energy.
This will be the time to pay attention to the situation in the hall: someone is jumping, someone is playing with his life, but more often than not, he is on the phone.
The speed of talking is like a machine gun, more often than not, it has not been connected, probably just hit, or the client cannot be contacted.
Although the trader has a lot of autonomy, it also depends on when!
On the big screen, although there will still be more red and less green, there will soon be more and more green stocks.
As for the Nikkei, it is slowly falling, and it is getting faster and faster, and there is even a stuck!
The transactions are so frequent that the computer system has not had time to react for a short time.
Panic, a faint panic began to spread in the hall, and Nomura could even hear the client's loud shout coming from the microphone of the trader Ogawa next door: Hurry up and sell!
Hurry up and sell... One sells and two sells, and the traders who operate on the trading floor are only a small number after all, and more often operate on the trading terminals of various stock exchanges throughout Japan and a very small number of large households.
"Luckily, the phone can still get through, maybe Xiaochuan's client is still in time, right?"
Nomura's mind popped into this.
Nitaro Ogawa is also a veteran trader, and with a telephone around his neck, he began to operate quickly on the keyboard with both hands.
Maybe there will be some terminals that don't perceive the danger and don't understand the situation will pick up the plate that Ogawa ran out, and here Nomura Jiro can only wish him good luck.
The panic grew stronger, and Nomura felt like he had been sitting in his chair for a few minutes, maybe ten minutes, and noticed that the big screen was basically green, which reminded him of the idyllic countryside he saw when he was a child after escaping air raids and being evacuated to the countryside.
The same green, the same inner panic.
Every night you can hear the roar of bombers in the air in the distance, and everyone feels terrified, it is a contagious atmosphere.
Suddenly feeling that the atmosphere in the hall was so similar to the terrifying atmosphere after the night when he was a child, Nomura felt that the whole person was cold for no reason.
The hall was already in chaos, and after looking at the big screen again, Nomura didn't want to stay here anymore - by the time the horror spread across all trading platforms, a stock market crash was inevitable!
I've done my best, and if I retire successfully, there's no point in staying here any longer.
Log out of the account, turn off the computer, pick up the jacket on the chair, pick up his briefcase, and Nomura Shi Shiran left.
Walking through the hall that looked like a busy city and a battlefield, Nomura put on his coat and walked out of the exchange, and when he saw the bustling traffic and pedestrians on the street, he thought of his anxious peers inside, as if he were watching an opera.
Suddenly thinking that something had not been done, he took out the mobile phone that the client had allocated to him some time ago, and dialed the phone number of the client, Mr. Kaneshiro.
After ringing for a while, the phone finally came through.
"Hello, I'm Jiro Komura, I've sold all your shares, and you're about 4% less than yesterday. The stock market crash has begun, and now you can rest assured......
No, Mr. Kaneshiro, I'm going to give myself a big vacation, and if you look at any of the stock exchanges in the neighborhood, you'll know that this is going to be a huge stock market crash. Don't think about continuing to enter the market in the short term, it will be a disaster!
No, it's a disaster now, it's just that we're lucky to have escaped. I'm feeling a little tired and planning to go on vacation with my family and find a place to ski...
Okay, thank you very much for your generosity. When I come back from vacation, I will be there for you if the situation is okay..."
Hanging up the client's phone, Mr. Kaneshiro said that if it was really a terrible large-scale stock market crash, then he would give Nomura Jiro an additional bonus on the basis of the procedure commission - even if there was a slight loss, according to the total amount of funds that Kaneshiro handed over to Nomura for operation half a year ago, Kaneshiro had already earned more than doubled!
Just in time to walk to a taxi rank, Nomura decided to take a taxi home today.