Li Dong has been doing intraday trading in U.S. stocks for more than ten years in his previous life, so he naturally knows the intraday situation of U.S. stocks in these years.

One year is worse than the next.

Various measures have been introduced to restrict intraday trading, such as not being able to place orders in both directions, time limits for order cancellations, placing orders not exceeding the current price, etc.

Penalties for illegal operations are becoming more and more severe.

Traders' trading restrictions are getting bigger and bigger, and their income is getting smaller and smaller. At the same time, there are rising software fees, channel fees, handling fees, information fees...

Later, many old traders like Li Dong who had been working for more than ten years could no longer do it and changed careers one after another.

Although Li Dong no longer does day trading in this life, as a trader, he still does not want to see this industry gradually decline.

The day trading industry needs to change.

By paying traders a minimum salary, you can attract and retain more outstanding talents.

Only with people can the industry develop.

In fact, including Li Dong’s own trading company, he is also prepared to make some changes.

It’s still a suggestion given to him by An Xin.

An Xin suggested that he develop into programmatic trading.

In Li Dong's original idea, the purpose of establishing this trading company was to help him trade.

In addition to trading, traders can do some day trading.

Li Dong also discussed this with An Xin.

The good thing about this woman An Xin is that she dares to speak out directly if she has any opinions.

When she was at Huabang, she dared to express her opinions in front of Li Han.

An Xin told Li Dong that since a trading company has been established, it must develop its business in a serious manner.

Just giving Li Dong a hand and controlling the market is not the ecology that a healthy company should have.

To put it bluntly, this is not even a company.

It would be more appropriate to say it is a group.

She Anxin didn't want to waste her great youth on a shady company.

I don’t want to just go to work and get paid in such a daze.

Her goal has always been to either do nothing or to do her best when she does.

She just feels that programmatic trading is the general trend. Now that Donglai has the conditions, it should develop in this direction.

When a company recruits dozens of traders, it cannot just let them do day trading.

What a waste.

The value of these traders must be maximized.

If nothing happens, let them study more about the trading model, find someone to do a few trading programs based on their trading model and trading ideas, and then let them test the trading program.

From now on, the company will mainly focus on programmatic transactions.

If Li Dong has a good opportunity to enter the market, he can also enter the market in a programmed manner.

In what age are we still using people to control things?

In the future, the work of these traders, in addition to being responsible for developing, improving, supervising, and modifying trading programs, is to be the executors of the programs and operate the programs to trade.

After hearing An Xin's suggestion, Li Dong thought it made sense.

Of course he knows that programmatic trading is a trend.

Even ten years ago, some foreign investment institutions began to use programmatic trading.

Those who do intraday trading and the electronic orders they used wildly the year before last are programmatic trading.

Relying on the foresight of his rebirth, Li Dong will hardly have to worry too much about making money in the next few years.

There will be several waves of big opportunities in the next few years. If he seizes any one of them, his assets can be doubled several times.

However, during the validity period of his plug-in, he can still make money by relying on the plug-in.

What about after the plug-in expires?

What to do with his trading company?

Disband?

Isn’t it a bit too childish?

It's also too irresponsible.

What's more, as An Xin said, it's too wasteful to recruit so many traders, analysts, and risk control specialists just to have them come over to give you a try.

You have to maximize their value.

Why not take advantage of this opportunity to engage in programmatic trading?

If programmatic trading can really be implemented, then even if its plug-in expires, the company can still survive.

Therefore, Li Dong gave An Xin full responsibility for the matter.

…………

At the trading company, people are constantly joining in.

In more than half a month, the team of traders increased to more than fifty people.

Wang Zhongxin and Zhu Changjian also introduced several analysts to Li Dong.

Anxin has also recruited several people through interviews, and also recruited several computer talents.

It is prepared for programmatic trading.

The trading program can be customized by an outside software company, but it is best to let your own people do a lot of the later work. It is definitely inappropriate to hand everything over to outsiders.

With the continuous increase in personnel, the company is gradually getting on the right track.

Li Dong has not issued trading orders yet, so traders like Zhang Xiaojun are mainly doing intraday trading of US stocks.

Li Dong also stayed with them for two days.

Take a look at what everyone has done.

To be honest, it's pretty average.

Nowadays, it is becoming more and more difficult to clean black disks.

At that time, Li Dong made tens of thousands or hundreds of thousands in one night, which was normal.

But now, Zhang Xiaojun and the others only make a few hundred in one night.

Very few exceed a thousand.

What they earned in a month could not keep up with what Li Dong earned in one night before.

There are fifty or sixty traders, all of whom are mature and old traders, and their skills are quite good. According to this situation, they can earn hundreds of thousands for the company a month.

After excluding all kinds of miscellaneous expenses and employees' salaries, there is basically no money left.

An Xin was speechless.

Also very anxious.

I thought the traders Li Dong had gone through so much trouble to find were of high quality.

The result, is this?

With hundreds of millions of dollars in capital, you can earn a few hundred dollars a day?

It's better to put the money in the bank and the interest rate is higher.

Is this also called a trader?

Originally, Anxin was counting on these so-called professional traders to study trading models and develop trading programs.

Now that I look at it, I might as well forget it.

At this level, the trading program produced is not much better.

An Xin went to Li Dong directly and said that the traders he was looking for were too poor to do the job.

As the core profit-making department of the company, there are fifty or sixty so-called high-level traders with billions of dollars in capital, but in the end they cannot even earn employee wages.

What is the meaning of existence?

Is it just for Li Dong?

What's more, at this level, do you expect them to make a trading model?

The money-losing model is pretty much the same.

An Xin scolded Li Donghao again, saying that when he recruited analysts, his requirements were quite high and he had to go to Beijing to recruit analysts.

As a result, traders who are more important than analysts can just find a few people to deal with?

Faced with An Xin's questioning, Li Dong didn't know how to explain.

He has a background in day trading, so he naturally understands the characteristics of day trading.

You really can't simply use the rate of return to measure the level of a trader.

It is true that Li Dong gave Zhang Xiaojun and others $100 million in capital authority, but it was impossible for Zhang Xiaojun and others to use all of the $100 million during the actual transaction.

Many times, it only takes tens of thousands or hundreds of thousands.

Most of the funds are actually idle all the time.

This is mainly related to the practice.

Zhang Xiaojun’s practice of brushing orders is all about stocks with relatively small market sizes, relatively light fluctuations, and relatively low trading volumes.

Even if you want to buy more of this kind of stock, you won't be able to buy it.

In fact, if one person gives them access to a million dollars, they will still make this money, but the rate of return will look completely different.

It's just that Li Dong, a day trader who has been a day trader for more than ten years, knows these things, but An Xin doesn't, and it's hard to understand them.

According to Anxin, if traders don’t look at the rate of return, then what should they look at?

With 100 million US dollars, you can earn 1,800 US dollars a day, but your level is not good enough.

It's not even possible to break the law.

Li Dong didn't care how much money Zhang Xiaojun and the others made from day trading, but An Xin couldn't care less.

Li Dong explained it to her, but he couldn't explain it, so he asked her what she planned to do.

what to do?

According to An Anxin's thinking, it would be best to fire all these people and recruit high-level traders again.

However, An Xin also knew that the company had just started to get on the right track when it laid off employees on a large scale, which was a huge blow to the company's reputation.

The company will no longer want to be involved in the trading circle.

Moreover, after firing Zhang Xiaojun and others, where to recruit a group of high-level traders in a short period of time is also a problem.

In addition, there is another point, which Li Dong explained to her just now, that is, Zhang Xiaojun and others are not incompetent in level, but in method.

This method of brushing orders, especially after the black market brushing is restricted, the profit limit is almost there, and it is difficult to increase it.

If you want to make more money, you have to change your methods.

Therefore, the first priority to solve now is the problem of methods, rather than simply and crudely chasing people away.

An Xin told Li Dong that first of all, the next step is to raise the bar for recruiting traders.

As long as it is of high level, not of average level.

Then, she and several other analysts came to study intraday trading.

Not only the U.S. stock market, but also several other markets should be studied.

Let’s see if we can develop some more efficient trading methods.

Last but not least, the company should launch a last-place elimination system.

The evaluation is conducted every quarter, and the one with the lowest performance in this quarter will be eliminated.

Li Dong thought about it for a while, but the first two were nothing, it was the third elimination system.

It seems a bit cruel.

However, the capital market is inherently cruel.

The capital market is not even a last-place elimination system, but a more cruel first-place survival system.

Only a few people can survive, and most people are brutally eliminated.

It is also a good idea for the company to implement a last-place elimination system.

At least put some pressure on those traders, so that they don't just want to hang around in the company.

After the two decided, Anxin went to hold a meeting with everyone in the company.

Mainly to announce these decisions.

Li Dong did not show up.

I felt guilty and didn't know how I dared to face Zhang Xiaojun and the others.

He is indeed not suitable to manage the company.

Too soft-hearted.

After Anxin announced these decisions, traders' opinions were quite strong.

Everything else is easy to say, but this last-place elimination system is just too cruel.

Some people have raised questions about what to do if you lose a lot of money due to bad luck, resulting in a negative performance for the entire quarter.

An Xin said that if the loss is really caused by objective reasons, the company will definitely consider it as appropriate.

But if it’s not for objective reasons, then there’s nothing to say. The last one must be eliminated.

Anxin's tough attitude made many of the company's traders dissatisfied.

Most of them are veteran traders who have been working for several years.

The level is not bad, at least it can make a stable profit.

In the previous company, the boss used kind words to coax them.

As a result, after coming to Donglai, they subconsciously felt that they had been recruited by Donglai, and Donglai must have a better attitude towards them.

Who would have thought that An Xin, the general manager, could be so unreasonable.

There is even some sort of elimination system for the last place.

Although they realize that based on their own level, they will never be ranked at the bottom among the fifty or sixty traders in the company.

But what if?

What if we were really ranked at the bottom and were eliminated, wouldn't it be a shame?

After this meeting, more than 20 traders from the company left directly.

Not only that, these traders who left Donglai began to speak ill of Donglai everywhere.

Why don't you ask a woman to manage the company? A layperson leads an expert, but she actually implements a system of elimination for the last place.

If we continue like this, we will be finished sooner or later.

As a result, many traders who were planning to come to the east gave up.

However, the bosses of other trading companies breathed a sigh of relief.

Previously, everyone was having a hard time because of Li Dong's basic salary.

The company's traders are clamoring for a minimum salary.

It's fine now. Do you want a basic salary? Then go to Donglai. When the time comes, you will be eliminated from the bottom, so don't cry and beg to come back.

However, these bosses were not happy for long. Immediately afterwards, news came that Zhao Tao from Yuncheng also paid the traders a basic salary.

The bosses immediately pointed their guns at Zhao Tao.

To put it mildly, post a post on the forum to condemn Zhao Tao.

To be more aggressive, call Zhao Tao directly and scold him.

Zhao Tao was stunned.

Since listening to Li Dong's suggestion, Zhao Tao has carefully studied a basic salary plan when he returned.

After soliciting opinions from employees, after nearly a month of hard work, we finally gritted our teeth and launched a basic salary plan.

As a result, Li Dong, who had promised to help him bear the infamy, instead instituted a last-place elimination system.

It was like Li Dong took a step back and then pushed him to the front.

Now Zhao Tao is in a dilemma.

Just keep paying him a minimum salary. A bunch of bosses are scolding him. He is almost becoming the black sheep of the entire day trading industry.

You've told your employees not to pay a basic salary, but if you go back on your word, will the employees be happy?

He could also do what Li Dong did and create a last-place elimination system.

But he also saw what happened to Li Dong. Almost half of the company's traders were gone.

Zhao Tao doesn't want to suffer the same fate as Li Dong.

In the end, Zhao Tao had no choice but to bite the bullet and pay his employees a minimum salary.
Chapter completed!