Chen Qiaoshan was a little lucky. It seemed that he had chosen the right path this time.

In the long bear market, as a new face in the stock market, it is not so easy to play with capital allocation and stock trading.

Funding and stock trading have always existed, but it has not come out of the blue and has been developing silently in private.

Of course, the CSRC must have known it and has issued a civilized order to prohibit it.

There are two types of capital allocation: off-market capital allocation and securities capital allocation.

This may be a bit inappropriate, because securities companies generally do not participate in capital allocation, just like commercial banks do not lend money at high interest rates.

As we all know, most of the principal of usury is loaned from banks.

The same is true for securities firms. Although regulations and regulations are prohibited, rules are dead, and some ways to get around them.

If funds are not allowed, securities companies can apply to the names of asset management plans, self-operated takeovers or market value management. They are compliant and legal, and no problem can be found.

As for off-market financing, the risk is very high, which involves private lending, which is also high risk while being high in return.

The so-called bull market makes a fortune, but bear markets die.

OTC capital allocation is highly dependent on the stock market, and if you don’t pay attention, you will lose all your money.

If risk control is done well, at least you won’t lose money. If risk control is not done well, you will still lose money in the bull market.

Chen Qiaoshan is a novice and is in a big bear market. It is obviously impossible to borrow money from off-market to trade stocks.

In a bull market, it is easy to allocate funds, and even a novice investor can borrow funds.

In a bear market, most of the people who can get capital allocation are stock market veterans.

Chen Qiaoshan came prepared this time, and Tianyi Securities was entrusted in the future. One of the important reasons was that it provided illegal capital allocation to customers for stock trading.

He also knows that securities firms have a minimum margin amount for capital allocation.

Chen Qiaoshan only knew that the margin threshold for later generations was 500,000 yuan. He really couldn't get the amount now, but it was almost the same as 100,000 yuan.

You know, nowadays, the purchasing power of money is still very strong.

For 100,000 yuan, you can buy a small one bedroom at about the same time in Tongzhou. Ten years later, 500,000 yuan is probably only enough to buy a bathroom.

Chen Qiaoshan wanted to borrow 500,000 from Tianyi Securities at a ratio of 1:5, and the account director Wang Wei was a little hesitant.

"Mr. Chen, this is true. You may not understand. The financing ratio we can provide is generally controlled below 1:4."

Chen Qiaoshan knew that things were half done.

Wang Wei’s meaning is very clear. Fund allocation is OK, but the proportion has to be discussed later.

Chen Qiaoshan said: "Director Wang, do you think this is OK? It's still a 1:5 ratio. We set the closing line at 115%.

Wang Wei was stunned and asked directly: "Are you saying true?"

"Of course it's true." Chen Qiaoshan gave a very affirmative answer.

To be honest, if you follow this closing line, the risk of brokers is almost zero.

In this way, Chen Qiaoshan is under great pressure. As long as the stocks he bought fall below 4.17%, he must add margin, otherwise he will be forced to close the position.

Invisibly, Chen Qiaoshan was carrying huge risks.

Maybe it takes less than a day to lose all your money for 100,000 yuan.

Wang Wei kindly reminded: "Mr. Chen, you have to think clearly. Just as the current trend of the market, it is very risky for you to do this."

Chen Qiaoshan also knew, but he really couldn't come up with a solution.

High risk and high returns. Now that Delong Group is about to collapse, there is not much time left for him to prepare his principal.

"Thank you for your reminder. If there is a problem in the middle, I will add a deposit in time." Chen Qiaoshan said this. He will definitely not be able to get the additional deposit money.

Wang Wei was very confused, and this new customer was too confident.

In bear markets, stock trading is often between the front line, and it is definitely unwise to compete with individual stocks.

He looked at Chen Qiaoshan suspiciously for a while, thinking in his heart, would this person know any inside information?

Wang Wei quickly gave up this day, and this idea was a bit vague. Chen Qiaoshan looked like he didn't look like a person with background.

He asked curiously: "Can I ask, which stock are you going to buy?"

"Guotuan Electric Power!" Chen Qiaoshan gave the answer directly without any hesitation.

...

The procedures were completed very smoothly. Chen Qiaoshan transferred 100,000 yuan and obtained a securities company joint management account, which contained a total of 590,000 yuan in funds.

Before entering the market, I lost 10,000 yuan.

This is the normal process, and the money deducted is the interest for the first month.

The interest rate is ridiculously high, with a monthly interest rate of two cents, and the annual interest rate is already high, which is not much different from usury.

Chen Qiaoshan knew that he had no room for bargaining, so he didn't care much.

This is also impossible. Not only is the interest expensive, but the commission also comes at the highest standard.

The commission of three thousandths, including stamp duty and handling fees, is not a small number for each transaction.

After getting the money, Chen Qiaoshan did not feel relaxed. On the contrary, his spirit became tense.

The money was obtained, but most of it was not his. He also bears high interest rates. If one is not good, the remaining 90,000 yuan will be lost, and he has to be careful.

Chen Qiaoshan did not fill up the market immediately, and he did not lie. He was indeed preparing to buy Guotou Electric Power, but the time to enter the market has to be carefully selected.

At the same time, after some twists and turns, Chen Qiaoshan's article was finally published on Sohu Finance.

This time is a bit different from the past, and the writing in the article is all about the stock market.

Chen Qiaoshan was bombarding Li Su this time, but the radiation surface expanded.

He wrote in the article: In the bull market, all kinds of stock gods appeared one after another, giving guidance to the majority of stock investors, which attracted countless people to follow suit.

When the stocks fall, the stock god disappears without a trace, but some experts make a name for themselves, criticizing current problems, helping to shirk responsibility, and acting as a qualified hindsight.

Many listed companies do not pay attention to the actual benefits of the company. Various speculative concepts push up stock prices, but some economic experts turn a blind eye to it and even help fuel the fire.

Chen Qiaoshan directly pointed out that the stock market is a fame and fortune market, while Li Su is a typical fame in the fame and fortune market.

He bluntly accused Li Su of being a nickname expert, but he likes to pretend to be an expert and has no basic understanding of economic laws, but he likes to sell management consulting business everywhere.

At the end of the article, Chen Qiaoshan directly wrote:

"Dare you ask Li Su, can you understand the financial reports of listed companies?"

To be honest, this article has a very meaningful slap in the face.

Of course, this is not the original work of Chen Qiaoshan. He borrowed the articles of Professor Zou from Peking University.

He remembered that in the past, Professor Zou criticized Guanghua's Vice President Zhang and said that the latter was a ninth-rate economist.

In Chen Qiaoshan's opinion, Li Su may not even be considered a ninth-rate expert, and he is a fraudster.

As soon as the news of Sohu Finance was released, it caused a sensation.

It is no wonder that since mid-2001, the domestic stock market entered a long bear market, and ordinary investors suffered heavy losses.

As Chen Qiaoshan said in his article, the reason why many investors have suffered huge losses is that they have been deceived by various stock judges or experts, and they have a very personal experience.

After Chen Qiaoshan's teasing, the investors were already full of resentment and suddenly burst out.

The first person to be affected was Li Su. He was considered to have suffered. Chen Qiaoshan's treatment a few days ago fell on him this time.

Li Su naturally would not sit still and wait for death, so he quickly fought back.

Chen Qiaoshan was not idle either, and the two of them started a lawsuit.

You said I don’t know how to read the annual report, but I said you are too young and have a lot of noise online.

The two of them cursed and didn't stop, but the netizens watched a big show.

But as time goes by, the popularity always passes.

Chen Qiaoshan knew that things were almost done.

After several days of preparation, Chen Qiaoshan completed the construction of the position.

It took him three days to buy Guotou Electric's stocks in full, with an average price of no more than nine yuan.

At the same time, the Internet was in an uproar, and Qiao Shan from Peking University became a monster again.

This was nothing strange. He and Li Su had been having a fight for several days, so it was not normal not to make trouble.

However, the fun this time was obviously a bit big. The two of them had to bet, which was nothing at all. The key point was that the gambling money was a bit eye-catching.

Let me ask, have you ever seen someone running naked on Chang'an Street if you lose a bet?
Chapter completed!