"I don't know if you have noticed, but the main body of speculators has changed, and we were mainly lower-class people at the beginning, and they were all small orders of a few pieces of cloth. With the spread of the money-making effect, everyone has made money in the past ten days, and the news has spread, and it has begun to attract small and medium-sized businesses and middle- and lower-level officials. However, it is too inconvenient for everyone to trade cloth with them, and it is not possible to do it. That's why I created agents and exchanges, as well as distribution tickets, with the aim of lowering the threshold for trading, improving efficiency, and expanding the total size of transactions. ”

Li Jing took a sip of water, and then said: "Especially after the emergence of agent kneading transactions, speculation has become more efficient, and large funds can come in, buy and sell out." That's when it caught the attention of the really rich people in the city. However, this market has also become more brutal, and the participants have a certain information advantage, and can even influence the policies of the imperial court to create favorable and unfavorable news for the rise and fall of prices. At the same time, there is also this huge financial advantage. Retail investors can easily become cattle and sheep to be slaughtered. ”

"Zhengyi, are you here to protect these early participants, they give you money to operate, it must be better than operating it yourself, and with the guarantee of the Baofeng, they are not afraid of credit problems." Zhang Fengyi said.

"Yes, one is to protect the small people, and the other is not to underestimate their strength, gather sand into a tower, each small people is an ant, but the largest elephants and rhinoceros are also afraid of millions of ant soldiers. How much did Bai Yu sell our fund in total? Li Jing asked

"Young Master, as of yesterday's closing, we have sold a total of 7.5 million copies, that is, 750,000 taels of silver. At present, over-the-counter trading has become more and more inconvenient, information lags, and losses are much greater than the opportunity to make money. It is estimated that it will reach the scale of three million taels of silver in the next month. Bai Yu said.

"You see, we can use the public's money to do our own thing, we share the risk with the investors, and we only take 30% of the profits. We publish the net value of the fund on a daily basis, and investors can choose to buy or redeem it after the market according to their gains and losses. After the trend of cloth, we can also use the fund to do other things, just publish the net value every day. As long as our profits are considerable, everyone will choose to deposit their money with us, and the purchase and redemption are all agents of Baofeng, which is also very convenient. ”

"There is one more thing I don't understand, obviously the increase is only more than twice the amount, but my brother said that there is a triple gain, what is going on" Zhu Shou said puzzled.

"It's very simple, we will make a profit for every wave, and each shock position can reduce our cost by one to one and a half. Although the price has only tripled a little more, our costs have dropped to about 60% and a half. Li Jing said.

"I understand, every time we operate in the band, we are profitable, we can't look at the absolute rise, we have to add up the bands to see the rise," Ma Xianglin said.

"The actual situation is more complicated than this, and it can't be simply calculated like this, but that's roughly what it means." Li Jing said.

"Brother, I invested 100,000 taels this time, it has become 300,000 taels, I want to invest all of it in my brother's fund, I trust my brother's financial management ability, and it will not become more in my hands, and if I put it here for my brother, this money will definitely increase in value." Zhu Shou said.

"Yes, little brother, our money is also here, anyway, if you want to use the money, you can redeem it at any time." Li Wei'er and Li Yue'er also discussed it and said.

Ma Xianglin sighed and said, "I can't do it, I have to take out the military expenses, otherwise my mother will be miserable if she knows." The rest will be counted to Feng Yi, anyway, she will be in charge of the family in the future. Ma Xianglin said.

Li Jing secretly thought, this animal is very shrewd, if this matter is exposed, the money he earned from military expenses will definitely be confiscated by the old lady, if it is placed in Zhang Fengyi's name, how can Aunt Qin be embarrassed to do it.

"Sister-in-law, our money will also be put in your name," Ma Wenting and Ma Wenying also said in unison.

A sister-in-law, Zhang Fengyi, who was called, blushed and glared at Ma Xianglin fiercely. But before she passed the door, her husband handed over the money to herself, which still made her feel sweet.

"Okay, a total of one hundred and fifty thousand taels, tomorrow to pull up the shipment, it is estimated that there can be more, Xianglin redeems 30,000 taels, leaving one million taels to buy the fund, and the remaining fraction is for everyone to cash, just as pocket money." Li Jing said.

At the opening of the next day, the news came that Liaodong Houjin had attacked several castles on the outskirts of Shenyang, and the military department had begun to prepare a new batch of military supplies. Li Jing took the opportunity to slowly pull up the price after the opening.

"Is the news true?" Brother Juren asked Director Zhang of the household department. This time is very depressing, when I want to buy, there are always many retail investors rushing in, the price is rising and has doubled, I want to throw away the goods in my hand, anyway, it is also profitable. But the big people behind him all think that this year's cotton production is reduced on a large scale, and this price is not high, and insist on continuing to hoard. After all, rice has tripled, and the price of cotton cloth has tripled.

"It's absolutely true, the Ministry of War has just received the appropriation from the Ministry of Households, and there will be a large purchase from April, and now the cloth from Beizhili and even Shandong and Shanxi are concentrated in the capital, not to buy it here, where to buy it." Director Zhang has just handled the appropriation, where is there a fake.

"It's March now, and this month the news spreads, and the price of cotton cloth has to rise. We have enough money, and we continue to buy. Brother Juren gave the order.

From the beginning of the morning opening, Li Jing began to release the goods, eat the buy order but maintain the price unchanged, and when the buy order is less, it will continue to rise slowly, and the people who buy it at noon and morning have made money, and the market has sufficient sell orders for the first time, and the trading volume has been sharply enlarged. There is a gratifying scene of price appreciation.

Li Er's operation frequency during this period of time was consistent with Li Jing, he found that every time the maximum volume was released and the price did not increase much, the short-term price would fall, he only knew a few hundred words, but in order to see the chart, he carefully asked the staff of the exchange, and made a lot of effort to study seriously.

He found that it is safe to rise each time if the price and volume change in roughly the same amount, and if the price increase is limited, or below the proportional relationship between the price and the price before the volume. Something could go wrong. Similarly, if the price no longer falls, but the volume begins to expand, it indicates that a new round of big gains is coming.

With this perception he has done a lot of bands in a row, all of which have been successful, after he learned to look at the chart, he stared at more than a dozen K-line charts, when he found an opportunity to buy immediately, and when there was a danger to withdraw decisively, he constantly jumped from one variety to another, and sometimes even operated several times a day. The capital has also increased from the initial capital of six or seven taels of silver to nearly one hundred taels of silver.

Later, the market changed, and the agent no longer accepted zero orders below one lot, but at this time, his funds were enough to buy three lots and two lots. He was never eliminated from the game.

The neighbors who followed him, he didn't know, he was really bullied by them, and he didn't dare to remind them that this matter was risky. These people will not thank you if you help them and have benefits, but if they think that you have influenced their judgment, they will not be with you if they make less money or lose money.

However, seeing that these people didn't dare to buy when they should buy, they were too greedy when they should sell, and they were reluctant to sell, and they lost all their money in a few rounds, and they were eliminated from the game, and they were a little unbearable, but they thought about their family's careful survival, so they kept their mouths shut.

Lost all the money and went home to complain, it was not bad, and a few lost red eyes, mortgaged real estate and family property loans to turn over, but the house was taken over in the cold weather, and the family cried and left the alley where they had lived for several generations and didn't know where to go. This is how Wang Mazi's family, who always bullied him, left.

Looking at the Daming Cloth Index, he knew that another decline was coming, and the price had not risen before the close of noon, but the trading volume had increased sharply. A large amount of cloth is poured out, and whenever the buy order is exhausted and falls slightly, it will continue to rise slowly. The alarm bell in his heart sounded, this wave had already earned 30%, and he instantly made up his mind to rush to the nearest proxy dealer and directly put up a price 10% lower than the current price. He knows that it is time to sell at a low price and give priority to the transaction, and the same price will be traded in the order in which the order is pressed. Even if the transaction price is not lower, it can be ranked first.

The exchange saw such a strange small list and informed Li Jing. Li Jing suddenly smiled, it seems that there are capable people everywhere, it has only been a long time, and someone has actually seen the doorway.