I Have a Wealth Gathering Array-Chapter 370: The Great Collapse
September went by quickly, but for Cheng Daxiong, the whole month was extremely difficult.
On September 4th, the stock market opened, and that day, the market surged, and the 400,000 in funds he borrowed made a day’s profit of over 10,000.
"Haha, as expected, the more principal you have, the more you earn in the stock market." Cheng Daxiong was very excited.
In the past two months, he had only made less than 30,000 in total, and now he made over 10,000 in just one day.
"Another three days, and I might even surpass my entire summer earnings."
Excited at heart, he also felt a bit of regret.
"If I had known earlier, I would have borrowed this much from the start."
Now is the time of a booming market period, the "Great Bull Market" of A-shares. If his principal were still just over 100,000, the estimated earnings today would only be around 3,000, far from 10,000.
And if he had started with 400,000, his earnings would have already been over 100,000!
"It’s not too late now!"
On the night of the 4th, looking at his updated earnings, Cheng Daxiong was even more excited, even considering whether to borrow more money to buy more funds to continue expanding his earnings.
The human heart is never satisfied, when earning 3,000, one thinks earning 5,000 would be nice, when earning 5,000, one thinks earning 10,000 would be nice.
When earning 10,000, one thinks of earning 20,000, and 20,000 thinks of earning 30,000...
In the end, even with an annual income exceeding 10 million, one won’t be satisfied.
In striving for a better life, this slightest dissatisfaction can be a great driving force for people.
But in some areas, this dissatisfaction is enough to destroy a person.
Earning over 10,000 in a single day on the 4th, for Cheng Daxiong, from a very ordinary, even relatively poor family, this amount was astronomical.
His parents wouldn’t know how long they’d have to work to save up that much money.
The excitement continued until 10 AM on the 5th.
The A-shares opened at 9:30 AM, and in the first half-hour, it shot up by two points, further igniting everyone’s emotions.
"Haha, the Great Bull Market is here!"
"Yesterday’s earnings were 20,000, looking at today’s rise, I can earn another 20,000."
"Sold house and car, rushed into the market."
...
Comments were evidently full of excitement, clearly, everyone was making money.
Cheng Daxiong secretly watched his phone in class, excitement also showing on his face.
"Hey, Daxiong, why are you so happy?" Zhao Kanghao asked curiously.
"Hehe, Brother Zhao, look." He showed the phone to Zhao Kanghao.
"Wow, you made so much." Zhao Kanghao was amazed seeing Cheng Daxiong’s earnings.
"Yeah, Brother Zhao, it’s the A-share bull market that comes once every few years. If you don’t seize the opportunity now, it will be hard to make money in the coming years." Cheng Daxiong said excitedly, feeling like a stock market expert.
"Forget it, I don’t really understand this." Zhao Kanghao shook his head.
He knew his limits, if he earned money, it would only be within his understanding, he absolutely stayed away from the stock market.
Seeing Zhao Kanghao wasn’t interested, Cheng Daxiong didn’t say much more, continuing to excitedly scroll through comments.
However, after 10 o’clock, the excitement on Cheng Daxiong’s face faded a bit, because A-shares suddenly plunged, and within a few minutes, the two points dropped to one point.
This plunge also took away half of the earnings he had expected in his heart.
The feeling was terrible, but according to his estimation, if the points held until the close, he could still earn 5,000.
But next, A-shares kept fluctuating, and by the close at 11:30, only 0.1 points remained, barely holding onto red.
All his fund earnings combined were less than 500, with two funds already turning green.
Lunchtime, Cheng Daxiong didn’t enjoy his meal. He unwillingly took his eyes off his phone, constantly refreshing for comments.
"Why did Little A plunge so much?"
"The experts have found the reason for the plunge, it’s a sudden external negative event." 𝗳𝚛𝚎𝚎𝘄𝕖𝕓𝕟𝕠𝚟𝚎𝕝.𝗰𝕠𝐦
"Don’t worry everyone, at this moment, the drop is an opportunity to onboard! I haven’t bought much, so I hope Little A drops a bit more."
The comments also gave Cheng Daxiong confidence, he hoped for another rebound in A-shares in the afternoon.
Finally, waited until one o’clock market opening, but the expected scenario didn’t happen, this time A-shares kept flickering horizontally, each flicker dropping a little.
By the time of closing at three in the afternoon, it surprisingly turned negative by two points.
And Cheng Daxiong’s funds were about the same, losing nearly 10,000 today!
From the three points profit at the morning’s opening to two negative points at close, the expected earnings in his heart from over 10,000 to negative 10,000, Cheng Daxiong fully experienced a roller coaster ride.
"What major bad news happened outside? Otherwise, I would’ve surely risen today!"
He couldn’t help but curse in his heart.
Yesterday’s profit halved quickly.
Though he lost 10,000, in his heart, he felt he lost 20,000 today!
"Add to the position, add to the position!"
"The drop now is reversing, no more adding, no chance!"
Cheng Daxiong cursed in his heart, yet kept watching the comment section. At this moment, many people in the comments were still optimistic, with a pile of people shouting to add to their positions.
Cheng Daxiong looked at his loan software, still having some he hadn’t borrowed from.
He thought for a moment, not adding to the positions, deciding to see tomorrow’s situation before acting.
In fact, during this time, he couldn’t add to the positions even if he wanted to, even if he did, it would count as adding for tomorrow.
The next day came quickly, that day, A-shares opened low, then stretched, hovering the entire morning, neither rising nor falling.
Cheng Daxiong kept watching, hoping for a rise, but in the afternoon, it plunged again, dropping by two points.
On this day, Cheng Daxiong’s earnings shrunk by nearly another 10,000!
The over 10,000 profit from the 4th vanished completely, and some of his summer earnings got wiped too.
At this point, his total earnings were only 20,000 left.
Cheng Daxiong showed signs of panic, he had never encountered such a situation where 20,000 got wiped in two days since he bought this.
"Why did it drop so hard again?" he thought, somewhat regretting buying so much all at once.
During rises, hating buying too little, during drops, hating buying too much.
The hours had reached two-fifty-something, Cheng Daxiong opened the comment section, looking for reasons.
"The main force is strong, consecutive two days drop, violent sweeping, collecting chips!"
"Golden September and Silver October, if not buying boldly in September, waiting for other months to make money?"
"Already added!"
"A rebound is sure tomorrow!"
The comment section was full of confidence, those big V’s coming out showcasing their added positions.
In summary, just one phrase, boldly add to the positions, awaiting a rise! Missing this "Great Bull Market trend," one would have to wait another seven, eight years.
