After drinking the water, Chen Hui coughed twice, and the conference room immediately fell silent again, and everyone knew that the boss was going to continue to give speeches.

With their ears pricked up, some people took pens and began to record every word the boss said...........

"Now let's start talking about risk control, let me give you a few examples, everyone should have heard of the character of Nick Lisson, a very legendary trader, he makes more money in the market for the Bank of Bahrain every year, more than the profits of the Bank of Bahrain, but it is such a person who has made the Bank of Bahrain cross!

As we all know, the Bank of Baring is one of the oldest banks in the UK, having been founded in 1763 by Sir Francis Baring

But the Bank of Bahrain collapsed on February 26, 1995, when the Bank of Bahrain auctioned off $1, and no one asked for it.

It all came down to Nick Reeson, the devil trader who went long on the Nikkei and lost $1.5 billion...........

.................He ended up in prison for 6 years!"

Chen Hui started with Nick Lisson of the Bank of Bahrain and continued to talk endlessly..........

There is also Keku Adoboli, a trader at UBS, a stock trader at UBS in London, who fabricated hedging records in order to hide the real trading risk. He also set up a "reserve fund" to hold profits in case of need...............

In the end, he lost $2.3 billion to the bank, and then went to jail for seven years."

Another trader, Jér?me Kérviél, lost $7.1 billion to Société Générale during the 2008 financial crisis.................. 5 years in prison!"

"There is also a Yasuo Hamanaka from Sumitomo Bank, who lost $2.6 billion and was imprisoned for 8 years!"

"There is also a trader named Brian Hunter, who lost $6.5 billion and collapsed his investment fund, leaving investors with no money because he deliberately defrauded and was imprisoned for 9 years!"

"There was also a trader, John Meriether, who lost $5.8 billion, and finally his fund went bankrupt and was hunted down by some investors who lost a lot of money!"

"There is also a trader, Julian Robertson, who lost $17 billion...................."

...................... Chen Hui listed the deeds of these special legendary traders.

After all, most of the young excellent traders, when they achieve brilliant results, are easy to go crazy, self-confidence swells, and do not pay attention to risk control.

These excellent traders who have no sense of risk control are also commonly known as devil traders, who can make their banks or funds lose billions of dollars at every turn.

………………

In the end, Chen Hui said humorously: "Everyone here, take caution, if one day in the future, Black Shirt Capital accidentally sends one of you to prison, then when you come out of prison, you can write a book, called (How I Broke Black Shirt Capital), I think this book must also be a bestseller!"

.................... everyone couldn't help but laugh out loud when they heard their boss's humorous jokes......

After a while, Chen Hui snorted softly, and everyone in the conference room fell silent again.

They are looking forward to looking at their boss and hoping that he can talk more.

Chen Hui glanced at everyone and said, "Listen carefully.........

The way of trading, defending an invincible position, attacking the enemy that can be won

The way of trading, the rigid is easy to break. Only when it is yin and soft can it dominate the world. The weak in the world are like water, but the good is like water. Success, equal to a small loss, plus large and small profits, accumulated many times. It is simple to avoid large losses, to survive first, and when there is a danger of hindering this principle, abandon all other principles. Because, no matter how many 100% of the results you have had in the past, now you have nothing to lose as long as you lose 100%.

The way of trading, defending an invincible position, attacking the enemy that can be won. A loss of 50% of 1 million becomes 500,000, and 500,000 increases to 1 million, but it has to make a profit of 100%. Every success will only make you take a small step. But every time you fail, it will take you a big step backwards. It takes an hour to walk from the first floor of the Empire State Building to the top floor. But jumping from the top of a building takes only 30 seconds.

The way to trade is to be patient and wait for opportunities, to wait patiently for the most favorable risk/reward ratio, and to be patient in grasping opportunities. In the bear market, there are always some institutions that take other people's money, even if there is only a few ten-thousandths of hope, they are desperately looking for opportunities to struggle in order to break through and solve the difficulties. We are holding our own money, and we should cherish it. Don't blindly test the bottom, let alone blindly speculate. You know, the bottom and the top are the areas where you are most likely to lose a lot of money.

In trading, there will always be things that you can't think of that will make you lose money. The easiest way to do or not to stop a loss is to ask yourself the question of whether you would be willing to buy at this price even if you don't have a position yet. If the answer is no, sell it right away without hesitation. Contrarian operations are the beginning of failure. It should not be against the market, or try to beat him. There is no need to be more market-savvy. When a trend comes, it follows. When there is no trend, look at it and be quiet. It's never too late to wait for the trend to finally become clear. This will lose a small number of opportunities, but it will win the safety of the funds. Your goals must be aligned with the market and follow the trend of the market. If you keep up with the market, profits will roll in. If you see the wrong trend, you have to use the old and reliable umbrella - the stop loss order. This is the relationship between trend and profit.

In the process of investment, there will always be some external factors that we must overcome, we must endure loneliness, withstand temptation, see the traps, and seize the opportunity. The final victory will be ours!"

…………..

After Chen Hui finished speaking, everyone applauded warmly..........

"You are all the future of the company!" Chen Hui said solemnly............

"I don't need you to be honest, I need a wolf............

I want you to be like a wolf in the future, and after you see the prey in the capital market, you will pounce on me..........!

The applause rang out again..................

The meeting lasted for several hours, during which many staff members also expressed their opinions.

Now they can be said to be enthusiastic, full of infinite yearning and enthusiasm for their lives and their future careers.

There is no one who does not expect a higher salary and does not aspire to a richer life.....

Everyone is high-spirited and wants to do a big career in the black shirt capital and write their own legendary life. ……..