City Start Striving for Becoming a Rich Man

Chapter 70

“It’s up, it’s up”

“The Japanese Yen is 246 to the U.S. Dollar”

“Always pay attention to the price, report every 3 points”

…

In the foreign exchange trading room, everyone has been in it for more than a month. This month, everyone has worked very hard. The opening hours are all at night. Everyone spends days and nights upside down, and has forgotten what the sun looks like.

“JPY/USD 238 to 1”

…

“JPY/USD 232 to 1”

…

Three months later, the yen/dollar exchange rate reached 205 to 1, and the time for liquidation should come soon.

Bang bang bang

Ni Shixiao clapped his hands vigorously to get everyone’s attention.

“Attention, everyone, when the exchange rate reaches 200, we will clear the position immediately.”

A trader expressed an objection: “Ni Shao, the current trend shows that there is still a lot of room for the yen to rise. Now is not a good time to clear the position.”

“I said clearance, I don’t want to say it again, I don’t care about your HSBC funds, mine must be cleared at 200.”

The trader said that he was right, he threw off the chair and ran out to look for Shen Bi.

“Shen Dong, over there Ni Shixiao said that the position was cleared when 200, I think there is still a lot of room for the yen to rise, I think we should continue to hold…I”

“Follow Ni Shixiao’s operation first, let’s talk about other operations.” Shen Bi interrupted the trader’s analysis.

“But the chairman…”

“I have been watching Ni Shixiao’s assets from just over 100 million to the current tens of billions. I am optimistic about him.”(Read more @ wuxiax.com)

The trader mumbled and said nothing.

“Okay, take me to the foreign exchange room to see…”

Shen Bi stood up and followed the trader back to the foreign exchange room.

“Shixiao, how are you preparing to liquidate your position? Has the yen’s trend been weak?”

“Uncle Shen, the yen’s broad market trend should continue to rise, but more funds will enter the market, and the yen’s broad market will fluctuate repeatedly in the future. If I continue to hold with such a high leverage, the risk is too great; , I will reduce the funds and re-enter the market.”

Shen Bi thought for a while, and then said: “Then we can continue to hold HSBC?”

“Your funds are okay, you are all your own funds, and short-term shocks will not affect you.”

“Okay, let’s do what you mean by Shixiao.”

…

“JPY/USD 200 to 1”

“Clear the warehouse, clear the warehouse immediately, and clear the warehouse all over the world”

…

After a busy period, all the orders have been cleared. There is no trouble with futures for foreign exchange orders, and it is easier to close positions.

“The funds have been credited.”

“Okay, everyone has worked hard.”

Ni Shixiao estimated that when it was bought, it was 500 billion, a 20% increase. Today’s capital is 625 billion, deducting 5 billion of principal, 495 billion of leveraged funds, and deducting interest on borrowed funds, resulting in a total profit of 117 billion.

“Ten times leverage, 100 million re-entry.”

The continued yen market will continue to rise even in shocks. High leverage is no longer available. Otherwise, if it falls once, it may be forced to liquidate.

Instead of using leverage, you can invest your funds in. When the yen rises to 100 in two years, you can earn more than double that, but it takes too much energy and capital. With this amount of funds and time, other places can earn more.

That’s why I invested a fraction of the 100 million yuan back. I used ten times the leverage, so I didn’t need to pay attention. It would be good to wait for the yen to appreciate and then toss it. When it fell, in case the margin was not enough, it would be better to increase it at any time.

In two years’ time, how can we earn another tens of billions.

Praise again to R himself for his generosity, R himself is a good person!

After buying all the RMB 0 billion, Ni Shixiao and Shen Bi left the foreign exchange room and returned to Shen Bi’s office together.

“Shi Xiao, you are now the veritable richest man on Hong Kong Island!” Shen Bi exclaimed.

“That’s ridiculous, Uncle Shen, others don’t know, you don’t know yet, just the money I have now is what counts in front of those European and American families.”

Don’t look at the Forbes wealth list. When did the wealthy families get on the rankings, and now many so-called richest people are too moist, and the stocks of listed companies can be directly counted as net worth?

Then you try to cash out, is it worth that much? Besides, can you sell it at will? Ask the other shareholders if they agree.

So I think Shuangma still cannot be compared with Hong Kong Li in terms of assets. One is actual assets and the other is virtual assets.

The topic is too far away, back to the topic.

“Shi Xiao, your heart is so big, those families are accumulated over a hundred years, you are only a few years now, you have unlimited possibilities in the future…”

“Thank you Uncle Shen for your praise, I will continue to work hard.”

“Shixiao, why are you not involved in the activities of the Jockey Club?” Shen Bi led the topic to other aspects.

“Uncle Shen, I think it’s quite boring. The so-called rich people on Hong Kong Island basically eat the dividends of Hong Kong Island’s real estate. They all rely on the monopoly of real estate development. From them, I can’t get complementary advantages, and the chances of turning against each other are even greater. High point; this is also the reason why I am not directly involved in real estate development. I am also buying property for rent, and I just need to be a rent collector.”

“Seeking flowers for evaluation and rewards”.

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