Chapter 504: A History of Excessive Profits and Losses

Cang Haidong's car hadn't driven far before he found that he was running out of gas.

He drove to the nearest gas station to refuel.

I saw that the meter ran much faster than the stopwatch, and it reached 500 yuan.

Damn, he scolded, the international oil price fell from $115 per barrel to a minimum of $26, and now it has only risen to $60, but the domestic oil price has risen more and fallen less, and it is always equivalent to the price when people were $100.

How can the Chinese be so rich!

Now that I am poorer than the poor, how can I not complain!

He can only add so much. There is so much cash left on his body, his credit card has been frozen, and he can't pay it.

That ignorant Xiaolun consumed 1,000 yuan at once, which is really painful!

With such a huge Cang's group, how could he, who was once so rich, lose to such a field?

First of all, blame this damn crude oil.

The so-called success and defeat are also Xiao He, that is, crude oil futures make themselves forever!

In recent years, he has been addicted to speculation, and he is slow to make money in the serious business, except for the tourist restaurant on the 81st floor, which is still left to fend for itself, and all other industries are transferred or closed, and he only lives on the rent of the 81-story building.

The Cang's Group is only an empty shell.

He focused all his money on the newly established fund company.

At the beginning, it was very smooth, crude oil futures made a lot of money, and he sprung up in the fund circle.

Even if there were two dangerous situations during the period, because of the abundant funds and strong anti-risk ability, he was invincible.

The performance of the fund is very good, attracting many investors.

He feels that he will soon surpass the international giants Soros and Warren Buffett.

However, crude oil futures plummeted, leaving him with no money.

In half a year, he lost all the money he had earned in the past few years.

Who knows about the market that fell by 80%?

He was originally short, and he didn't even know who he was.

He looked down on those who did business, including Mu Rongheng.

That fool bought himself a mess, and he might not have made as much money as he did in one night after a year of hard work.

When crude oil futures fell by 50%, he began to buy the bottom and go long.

But what's the bottom of that?

Prices continue to fall more than double the existing price.

From $60 to $26.

He watched his money deflated like a popped balloon.

He panicked, hid the disaster from his clients, and desperately boasted that he had deep pockets, and that this loss was nothing.

He demolished the east wall and repaired the west wall, dealing with customers who had a bit of a background and would make trouble.

For this reason, he mortgaged the 81-story Cangshi International Building to the bank and borrowed a large amount of money.

He was temporarily relieved, and he did not dare to do futures anymore and invested his money in stocks.

Stocks do not blow up like futures, and they will be hedged for a period of time at most.

Unexpectedly, he encountered the largest stock market crash in China.

During the three days of the plunge, the ghost cried wolf howl, and the news of jumping off the building was frequently reported.

It's a systemic risk, and unless you weren't involved at the time, it's inevitable and has nothing to do with analytics and operational techniques.

If people are unlucky, will they be unlucky?!

Unconvinced, he transferred the remaining restaurant on the 81st floor and began to do it carefully.

Because the funds were not very large, he was in a hurry to turn over the capital and turn back to the futures market.

Futures have 10x leverage, which is more than 10 times more risky than stocks.

The risk is 10 times greater, and the speed of making money will also be 10 times faster.

He is healed, the scar forgets the pain, and he forgets that the futures will be 10 times faster when the loss is made.

So he lost all his money in a much faster time.

Heaven is going to destroy him!

He has nothing left.

At the critical juncture, a behind-the-scenes hero brought him an investor, and this investor was Xingchun.

She voted 10 million.

If it was before, 10 million was just a drizzle for him, but now, this 10 million is a huge amount of money.

He decided to be a little more careful and let it be a spark.

Between futures and stocks, he still chose futures.

Because stocks must be paid in full, and futures only need to pay 10% of the margin to operate, the value of the funds is magnified by 10 times, and 10 million can be used as 100 million.