Chapter 139: Immortals are hard to help
Each screen can display a total of 30 stocks at the same time, and it will be flipped every 10 seconds to display the data of the 30 stocks behind, and there are about 200 stocks on the stock exchange at that time, so generally speaking, it takes more than a minute to see the market of the stock you want to see.
If the data for the stock displayed is red, it means that the "last price" of the stock is higher than yesterday's "closing price". If it is green, it means that the Last Price is lower than yesterday's Close Price. If it is shown in yellow, it means flat.
The left side shows the Shanghai market, and the right half shows the stocks of the Shenzhen Array Exchange, which is the same as the left half, which also flips every ten seconds.
So, if you happen to buy a Shanghai stock and a Shenzhen stock, and both stocks are displayed at the same time, you are likely to look at one and not be able to look at the other and the screen will flip over.
Also, if the person standing in front of you is too tall, you may not be able to see the stocks that appear in the lower rows of the screen.
At that time, most people didn't have computers at home. Even if you have a computer, you don't have such a developed network, and the Internet access fee is frighteningly expensive.
Therefore, if you want to speculate in stocks, whether you are a man or a woman, old or young, whether you are a large investor or a retail investor, whether you are working or retired, and whether you are a white-collar worker or a blue-collar worker, you can only go to a securities company to operate.
Unlike now, securities companies are often overwhelmed. Almost all of the companies with good facilities have become "activity centers for the elderly". The so-called "activity center for the elderly" is those who have nothing to do after retirement, bring a lunch meal, bring a poker, and report to the securities company together, from half an hour before the opening of the market to the close of the afternoon market.
These elderly people don't make a few transactions a month, the securities company can't make their money, and the electricity and water bills are discounted a lot. Therefore, the current securities company is jokingly called the "activity center for the elderly".
Before 1998, whether it was windy or snowy, or in the scorching sun, securities companies were often crowded. Regardless of whether it is hot or cold outside, everyone inside is crowded to the point of hot sweat, especially in summer, and there is a sour smell of sweat in the air.
All of these are unimaginable in the current mobile Internet era. If the current shareholders are allowed to experience it again, I am afraid that they will be discouraged and will no longer dare to speculate in stocks.
But at that time, people seemed to be very accustomed to this environment. At that time, the stock was implemented in the T+0 trading system, and there was no limit on the price limit, and the fluctuations of the stock were ups and downs.
Lin Xiaojin noticed at this time that there was a clock on the high wall on the left side of the hall, showing the time as 9:00. Although Lin Xiaojin has never speculated in stocks, after all, he has "touched" so many stock books, and he can be said to know the stock trading system well. He knew that the market only opened at 9:30, and there was still half an hour left.
Lin Xiaojin withdrew from the securities company, and he wanted to read the newspaper of the day. Sure enough, he saw a small newsstand selling newspapers in front of the securities company. There is also a large umbrella above the newsstand to shield from the sun.
The newsstand was watched by an old aunt, in her fifties, with gray hair and good spirits. She also wore a white apron and a pair of white sleeves, and seemed to have experience in selling newspapers. In fact, the newspaper is still very dirty, and the ink on it can easily get on the clothes.
Lin Xiaojin saw that there were not many varieties of newspapers on the stall. However, the words "Jinling Daily" quickly came into his sight. It turned out that he had been crossed to Nanjing, the capital of Jiangsu Province.
Lin Xiaojin didn't go to read "Jinling Daily", but picked up a copy of "Shanghi Securities News". The date above is "August 10, 1994". Lin Xiaojin's brain immediately spun sharply. In 1994, the stock market had not yet implemented the price limit system, so the stock index was rushing up and down.
Lin Xiaojin remembers clearly that on August 10, 1994, the Shanghai Composite Index opened at 619 points, with a high of 739 points, a low of 597 points, and a closing price of 739, with a vibration of 142 points throughout the day, and the vibration amplitude reached 24%. This was the chaos of the stock market before the price limit system.
However, no matter how you say it, the index amplitude of 24% throughout the day is indeed very powerful. What's more, not only is the amplitude great, but compared with yesterday's closing price, the increase has also reached an astonishing 19%. This kind of increase, even when the price limit was not implemented, was already very fierce.
However, Lin Xiaojin's problem now is not to care about the rise and fall of stocks, but to make 100 yuan earningly.
Lin Xiaojin knows the stock trend of today's day well, not to mention the overall market, or the trend of individual stocks, and he is also clear in his mind. Take the famous old stock code of 600600 in Shanghai as an example, the opening price of the day was 6.25 yuan, the lowest fell to 5.9 yuan, the highest rose to 7.5 yuan, and the difference between the highest and lowest was 1.6 yuan.
If Lin Xiaojin buys 5.9 yuan directly in the morning, and waits until it falls to the lowest point of 5.9 yuan, he trades a lot, that is, 100 shares, then when he throws it at the highest point, he can earn 160 yuan. Excluding the handling fee of the cheating father at that time, he still has a net profit of at least 140 yuan. So, it's really not difficult to earn 100 yuan.
But if you really want to put all this into practice, the problems Lin Xiaojin encountered can't even help the immortals.
If after 2010, to implement this plan.
On the first day, you bring your ID card and go to the securities company to go through the account opening procedures. Open an account that can speculate on stocks and designate a securities company's sales department as a broker. Then, go through the fund depository procedures at the bank and deposit the principal.
The next day, you can buy stocks. However, the current implementation is a T+1 settlement system, and the stocks bought on the same day cannot be sold on the same day.
On the third day, you can sell the stock. And if you want to withdraw money from your funding card, you'll have to wait a day.
On the fourth day, you can withdraw your money.
That is to say, in today's world where the Internet is so developed, if you want to make money from stock trading, it will not take less than four days.
In 1994, the account opening process and trading system would have been very different.
On the first day, you first go to the Securities Depository and Clearing Corporation to open a shareholder account.