Chapter 85: The First Day—Doubling a Million in Capital
One million to activate, with 10:1 leverage.
On the Huixin trading platform, the current domestic conversion price for spot silver is around 6,500. The highest standard contract is 1 lot of 50 kilograms, totaling 325,000 yuan. With 10:1 leverage, buying 1 lot only requires 32,500 yuan. With one million, you can buy 30 lots.
All in, 30 lots short. Go!
…
“Hm?”
In the Huixin trading department, a client’s latest order was sent to the department group. Wang Jing immediately spotted Zhang Long’s name in the screenshot.
Thirty lots of 50 kilograms, all short? What’s going on? Did he slip up?
“Wow, Jing, your client is intense—full position, 30 lots of 50 kilograms short, that’s aggressive, impressive!”
“Wait, did he make a mistake? At the support level, he should be buying to catch a rebound, not shorting.”
“Who cares if he’s right or not, at least the trading volume is there—30 lots means a hefty commission. But you’d better call him and do some risk control, warn him against heavy losses.”
Watching the lively discussion in the group, Wang Jing felt both pleased and anxious. Why did Zhang Long go short?
If he loses, it won’t be a small amount.
Buzz, buzz—
Zhang Long answered the call. His account manager’s crisp, sweet voice came through: “Long, are you trading? 6,500 is the support level for two recent rebounds. If you’re in, grab some profit on the rebound and exit.”
“Don’t be greedy.”
“Didn’t you see it?”
Zhang Long retorted, but Wang Jing shook her head, “I can’t see your backend here. If you’re trading, send me a screenshot. That way I can help you monitor the market and alert you in real time, so you can focus elsewhere, don’t worry.”
Zhang Long chuckled inwardly—can’t see the backend, sure, as if. But there was no need to expose it.
Some clients value the thin veil of privacy, even knowing the platform can definitely see everything.
See through it, don’t mention it; everyone plays dumb.
…
He sent the trading screenshot to Huixin.
As expected, Wang Jing called again moments later, her voice urgent: “Long, why did you go short? At the support level, you’re supposed to buy for the rebound. You went all in with 30 lots, that’s too risky. If the price rises, you’ll lose a lot.”
“Uh, misclicked.”
Zhang Long feigned ignorance with a dry cough. “I was just calculating how many lots I could buy with one million, tried an operation, and accidentally confirmed it. Well, it’s fine.”
“I’d recommend a stop loss about 40 points away—I'll set it up soon.”
“I’ll be more careful next time.”
Having said that, Wang Jing couldn’t add much more. She reminded him to set his stop loss.
Don’t hold onto losses, nagging on and on.
Unfortunately, Zhang Long wasn’t listening at all; instead, he was quietly waiting for something. As Wang Jing finished laying out her risk warnings, Zhang Long perked up—the breakout plunge was coming.
Spot silver broke below the 6,500 support level in an instant, dropping nearly 50 points in one go. Beautiful!
…
“Wait, I think I made a profit…”
Suddenly Zhang Long spoke up, “I was about to set the stop loss, but the market dropped just now.”
“Uh, uh…”
His words left Wang Jing speechless on the other end—she’d been watching the market herself. How did it just plunge while they were on the phone?
“It dropped 50 points. If I’d bought for the rebound, I’d have hit the stop loss and been forced out, right?”
Zhang Long’s voice came again, and Wang Jing’s face flushed with embarrassment. She coughed and said, “Well, what can I say, Long, you’re lucky—today’s your day! The market is never absolute; no one can predict a breakout like this. Making money is better than losing, after all.”
“A drop of 50 points, we’ve already made quite a bit. If it’s time to exit, don’t be greedy…”
But before she could finish, she stalled.
…
“Did we just make another 50 points?”
Zhang Long’s voice echoed quietly, and Wang Jing stared at the chart as spot silver dropped nearly another 50 points. Right then, she just wanted to hang up and dash to the restroom.
Too awkward—please, let it stop dropping.
“Long, if it’s time to exit, let’s exit,” Wang Jing took a deep breath and pressed on, “100 points is already a significant drop. The trend will likely rebound soon. Take your profits and secure them; that’s the right way. Spot silver is always this volatile…”
“Wait, it dropped again.”
Zhang Long interrupted, “I was about to close the position, but the price kept falling. Should I exit or hold on? Anyway, it’s all profit—maybe I’ll hold a bit longer, alright?”
Whimper, whimper, alright, alright, whatever you want.
On the other end, Wang Jing was nearly in tears. In just a few minutes it felt like a roller coaster ride.
Regardless, Zhang Long had at least made money. She had several clients who’d gone long—those with stop losses had already been automatically closed out, those without were suffering huge losses and about to be forcibly liquidated.
Forced liquidation isn’t quite a total wipeout, but it’s close—only some spare change left.
“Long, I have some things to deal with. You’ve made nearly 150 points—if it’s time to exit, exit, even just half, at least you’ll secure your gains.”
“Hmm, I’ll keep watching.”
Zhang Long was noncommittal. He almost felt embarrassed for Wang Jing; she was on the verge of tears.
“Wait, it dropped again…”
Just as Wang Jing hung up, Zhang Long’s voice came through again. Spot silver broke below 6,300 for the fourth time, a total drop of over 200 points.
At this moment, Wang Jing no longer cared. All her clients holding long positions had been wiped out. As for the short positions?
Cautious clients mostly watched from the sidelines, while aggressive ones either kept buying long and hitting stop losses, or switched to short positions to recover some losses—thrilling and nerve-wracking.
As for Zhang Long, he made a killing!
…
Spot silver, one point equals one yuan.
But that’s for a 1 kg contract. Zhang Long was trading 50 kg lots, thirty in total, meaning each point’s movement meant a gain or loss of 1,500 yuan. With a 200-point profit?
“Wow—300,000!”
Zhang Long was a bit stunned. This sharp decline only lasted five minutes, and he’d made 300,000? All from just one million in capital. If it were five million or ten million, 300,000 times five or ten!
Oh my god, that’s exhilarating!
No wonder spot trading is so hot. Investors only see the profit potential, leaving risks at the back of their minds. As long as they don’t lose, they don’t think about it.
Everyone believes firmly: I’ll win!
“Alright, close the position!”
Without hesitation, Zhang Long closed out for profit. After deducting fees, the actual profit was just under 300,000—about 290,000 and change.
“So, what should I buy next?”
Zhang Long scratched his head. Spot silver can’t be viewed like stocks, where you see five days’ data or even a full day. All he had was the trading suggestions sent by Huixin, relevant to the latest price wave, regardless of right or wrong.
In other words, to trade, you need to follow Huixin’s trading advice, matching each wave as it comes. But he wasn’t sure if there was a daily limit on trades.
Simple—just test it.
Beep, beep—
In the Huixin trading department, Wang Jing noticed the flashing chat icon. Moving her mouse, she saw Zhang Long’s message: he’d closed his position, and asked what to do next.
She hesitated—should she send advice?
The company had just issued a real-time trading suggestion: follow the trend, aim for 6,000!
The forecast was that the plunge hadn’t ended.
Buzz, buzz—
In an apartment overlooking the Bund, Zhang Long’s phone vibrated. Wang Jing had sent him a suggestion to follow the trend and go short. Whether it was right or not didn’t matter; he looked up at the price chart.
“Damn…”
Zhang Long clicked his tongue—what a trap.
Taking a deep breath, he went all in with 1.29 million, buying long. In just a few minutes, a rebound was coming.
A rebound of nearly 150 points—1.29 million could buy 40 lots of 50 kg, another profit of almost 300,000.
Suggestion to go short? Forget it.
Today was just the start, with one million activated—not much. Even if he made a million, so be it. But could he dare to win three times in a row, doubling his capital?
As for Wang Jing? Who cares.
Let her cry if she wants.
First, let him enjoy himself.
PS: Asking for monthly votes and recommendation votes. This is the first update today; the second will arrive before 9:00 p.m.