Jerryman lives in San Francisco, a city in the western United States.
He is a dentist, has a decent job and a good income locally, his wife is a judge, and he has two children. No matter from every aspect, he is an enviable and wealthy family.
Besides work, Jerryman's favorite investment method is stock trading.
In his opinion, handing over dollars to a group of fund managers who only know how to suck his blood and extract commissions is not as satisfying as operating it himself.
In addition, he is also a staunch great-power chauvinist.
He firmly believes that the United States is the most powerful country in the world, and no one or any country can challenge the hegemony of the United States.
Therefore, the turmoil in the U.S. capital market, which has made investors around the world fearful in recent times, is not enough to scare him. He even thinks that those Chinese investors must be crazy. Otherwise, how could they dare to confront the United States head-on?
Under this premise, he bought $800,000 in shares at the highest price of $130 per share on the first day the Dow Jones index opened.
After the market opened today, the drop in Leiman Investment Bank's stock price not only did not frighten him, he also firmly believed that this was a huge opportunity to make money.
The U.S. government will definitely intervene, and Wall Street capital will definitely repel Chinese capital!
With this belief, Jereman used leverage and used all his positions and credit mortgages in exchange for a full US$6.4 million, all of which he bought into Leiman Investment Bank's stocks.
The so-called leverage means that while multiplying large profits, it also multiplies losses.
With a principal of 800,000 yuan, the leverage increased by 5 times is 4 million yuan. Under the original 10% price limit, the maximum loss and profit limit of this 800,000 yuan in a day are generally 80,000 yuan.
But under 5 times leverage, for an investment of 4 million yuan, a loss of 10% in one day would be 400,000 yuan.
Jerryman used 8 times leverage, which was the highest legal multiple he could obtain given his personal and family combined credit.
There are also some black market leverages and private fundraising, which can be magnified to 20 times or even 30 times or even more...
While returns are rising, risks are also skyrocketing.
Jerryman believed that this was a great opportunity for Chinese beggars to send money to American capitalists.
And there are many people who think like him.
At the beginning, as everyone expected, Quantum Fund began to enter the stock market of Leiman Investment Bank to rescue the market.
But Jin Qingtian's determination exceeded everyone's expectations, and at this moment he launched a decisive battle.
So... caught off guard, Quantum Fund's defense line was completely breached. Amidst the heavy rain of short orders, Leiman Investment Bank's stock price plummeted.
"Damn it! Damn it! Damn it!"
In his clinic office, Jerryman still looks as elegant as before wearing a white coat.
At this moment, his eyes were scarlet and his expression was ferocious. He wanted to smash the computer in front of him.
The share price of Leiman Investment Bank fell below US$100 and reached the US$99.5 mark.
Everyone can see that if Quantum Fund does not continue to spend money, it will only be a matter of time before Leiman's stock price collapses.
At this moment, Jerryman's losses have reached US$750,000.
Jingle bells.
The phone on the desk rang.
Jerriman shot up from his chair as if he was electrocuted. He picked up the phone and answered the call immediately.
"Mr. Smith-Jerryman, I am the account manager assigned to you by the securities company. Now there is only US$50,000 of available principal left in your securities account. Do you need to add principal?"
The cold and heartless voice on the other end of the phone made Geriman hate him.
"Why are you so anxious! Maybe it will rise in the next second!"
The person on the other end of the phone seemed tired of hearing such words. He continued to say coldly: "But according to your additional 8 times leverage, the current stock price of Leiman Investment Bank is 99.5 US dollars. As long as it falls to 99.1 US dollars, you will officially announce
Liquidation."
"At that time, in order to ensure that the leveraged funds enlarged for you are not lost, the securities company will forcefully close your position..."
"ah!"
Before the manager of the securities company could finish speaking, Jerryman let out a scream of extreme horror.
At this moment, on Jereman's computer screen, the stock price of Leiman Investment Bank officially broke through the $99.5 defense line and fell to $98.9!
This means that all of Jerryman's property has evaporated in just one morning.
On the phone, the account manager of the securities company paused for a moment, obviously he had also seen the real-time stock price.
"I'm sorry, Mr. Jerryman, I must inform you that your securities account has been liquidated..."
Countless people across the United States and even around the world were facing bankruptcy at the same time as Jereman.
These people are all people who believe that China Capital will fail and Leiman’s stock price will never fall to the limit.
"It's down!"
In the Hong Kong Trading Center, Li Kai's glasses reflected the red and green light of the electronic screen. He listened to the cheers of victory in his ears and breathed out softly.
Even Li Kai was nervous at this moment.
After all, his opponent is the United States and Wall Street.
What needs to be suppressed are the stocks of the world's second largest investment bank.
A month ago, he would never have thought of this.
However, what happened before my eyes was fact.
He really worked with Li Jin to push the stock price of Leiman Investment Bank to the bottom line.
There are no long buy orders, while countless sell orders are still accumulating.
Countless funds are fleeing crazily, and it seems that no one dares to block the trend that has become a common trend.
Almost at this moment, without any warning, the short order that sealed Leiman's stock price at the daily limit melted away like snowflakes meeting the sun.
Its speed is so fast that the traders below don't even have time to report to the top.
Because they didn't say a word more, the data would have new changes.
In just over ten seconds, the limit was opened!
Intense transaction data began to appear on the long buy orders that were originally wiped out.
Countless buy orders gathered together, and the momentum started to surge, forcefully pushing open the short sell orders that were stuck at the lower limit.
“Quantum Fund’s counterattack!”
Li Kai saw the buying order numbers that made his heart beat wildly and his blood pumping. In just a few dozen seconds, Quantum Fund invested at least more than 80 billion US dollars.
He shouted fiercely: "With such a large long order, this is the strength of Quantum Fund. They finally grabbed their main funds and immediately contacted the Qianhai Center and asked the headquarters to provide a response strategy immediately!"