Chapter 6: When Things Get Tough, Think About Change

"No!" Su Yu replied, "I have accomplished nothing now, and I don't want to drag anyone down."

"You are so outstanding that you won't drag others down." Shi Yuling whispered, paused, and smiled, "I will consider what Brother Su Yu said and try to find a job with long-term development."

Su Yu nodded and said, "In fact, I still hope that you can learn more and enrich yourself, so that you will have more opportunities to choose in the future."

"I will!" Shi Yuling smiled.

After experiencing the grief of her parents' death, she has grown up in advance and realized that there are not many people in this world who really love themselves.

She knew that Su Yu was really doing this for her own good.

She was also really happy that after meeting each other five years later, the other party still cared and loved herself as much as before.

"It's getting late, let me take you home!" Su Yu looked down at the time, "Are you renting a house outside now, or is it a dormitory arranged by the company?"

"The dormitory arranged by the company." Shi Yuling replied.

Then she got up and followed Su Yu, walking out of the coffee shop where there were not many people.

Su Yu asked Shi Yuling where she lived, and then he hailed a taxi on the side of the road and sent her back to the company dormitory.

"How was it, was the date okay?"

Shi Yuling had just returned to the dormitory when her bestie Lin Qingya asked excitedly.

"What?" Shi Yuling rolled her eyes at Lin Qingya and said, "That's... my brother!"

Lin Qingya smiled slyly and asked in confusion, "I haven't heard that you have such a handsome brother, and he works in a securities and financial company."

"Yuling, tell me, do you have any feelings for him?"

"Tonight, you look so happy that anyone can see it, okay?"

"No!" Shi Yuling argued, "I just didn't expect to meet Brother Su Yu. We haven't seen each other for many years. How could I have any thoughts?"

"Okay, go to bed quickly. There are still tasks tomorrow."

As she said that, Shi Yuling quickly walked to the bathroom.

After washing up and changing into pajamas, Shi Yuling lay in bed, thinking of the good things Su Yu had done to her every time she came home to visit her father and mother, and tonight, the words he said clearly showed his concern. For a moment, her heart was warm.

She left her aunt's house and came to Yuhang independently.

She always thought that she was a lonely person, no one loved her, no one cared about her, and few people cared about her.

But she didn't expect...

The appearance of Su Yu was like a ray of sunshine to her, which seemed to illuminate her heart in an instant, allowing her to find the kind of support she had when her parents were there, and let her face herself and life more positively.

She didn't know how to express that feeling.

She just felt very happy.

It was more fun than getting her first salary, buying herself her first gift, and gaining a foothold in Yuhang through her own efforts.

"Qingya, Qingya...are you asleep?" Shi Yuling had no sleepiness at all. She tilted her head and looked at her bestie on the other bed. "You said...what should love be like?"

The bestie didn't reply to her. It was obvious that she was asleep.

Shi Yuling was bored. She turned sideways and started to play with the phone on the bedside.

She opened the chat software and saw that the friend request she sent when she came back earlier had been approved by Su Yu. She couldn't help but feel happy.

"Are you asleep?"

Shi Yuling clicked on Su Yu's avatar and typed in the chat box.

But when it came to sending, she hesitated again.

"It's too late. Let's send it tomorrow!" Shi Yuling glanced at the time displayed on the phone, warned herself in her heart, and then deleted the words in the chat box.

Then, she began to click on Su Yu's space and browse the dynamics and footprints in the space.

There were hundreds of dynamics in Su Yu's space, but 99% of them were work dynamics and personal dynamics. There were so few that Shi Yuling looked for a long time and didn't find anything meaningful.

"Brother Su Yu is such a boring person." Shi Yuling muttered.

Finally, she couldn't hold back her sleepiness, dropped her phone, and fell into a deep sleep.

Su Yu didn't know that he had been labeled as "boring" by Shi Yuling. At this moment, he was sitting in front of the computer, still thinking about making money.

He had already taken down Liu Tianshui's "wealth management on behalf of customers" order.

But the real profit settlement would take three months.

In other words, according to the agreement, he could only get the share of profit he deserved based on the profit and loss of the account after his trading period was completed.

Before that, he had to rely on his original savings to survive for three months.

But his savings...

Su Yu calculated carefully, and calculated that his salary on the 10th of next week was only 4,800 yuan.

It was still difficult to spend three months in Yuhang with only this 4,800 yuan, and he had to pay the rent again.

Borrow money...

He couldn't ask his sister, colleagues, or friends.

Moreover, at this stage, everyone is having a hard time and will not have any spare money.

So, after thinking about it, Su Yu decided that he had to use his meager savings to make some quick money from the financial investment market when distant water could not quench his immediate thirst.

After all, this was the fastest way for him to see results, and it was also the easiest way to accumulate funds and make money.

"Poor, too poor!" Su Yu looked at the remaining 1528.23 yuan in his bank account and sighed, "With this amount of capital, I don't even have the qualifications to participate in the stock market and futures market."

"I can only start from the leveraged foreign exchange trading in the foreign exchange market."

The so-called leveraged foreign exchange trading is the foreign exchange margin contract trading. This kind of trading exists based on the huge foreign exchange market, similar to the futures contract trading.

It's just that the exchange rate volatility between currencies is extremely small.

It leads to its contract trading, leverage multiples, generally greater than the futures contract trading.

In the field of foreign exchange margin contract trading, countless global securities and financial institutions, as well as many intermediate market makers, have gathered. The trading scale is very large, which is regarded as the most important form of trading in the foreign exchange market.

However, for this kind of foreign exchange margin contract trading that is common abroad.

Although it is not strictly prohibited in China, it is not protected by laws and regulations.

The only formal channel is the foreign exchange margin contract trading in bank wealth management accounts carried out by major commercial banks under the supervision of the China Banking Regulatory Commission.

It is just to prevent and control risks, protect investors, and protect the financial institutions themselves.

In the wealth management and investment business sectors of major commercial banks, this type of foreign exchange margin contract trading has a very low leverage ratio and a high handling fee.

Low leverage ratio and high handling fee.

This means that the investment cost is very high, which is not suitable for people like Su Yu who only have more than 1,000 yuan in their hands.

In addition to the formal channels of commercial banks, domestic retail investors can only choose other foreign securities companies and professional market makers that are regulated internationally if they want to do foreign exchange margin trading.

Of course, when choosing these dealers.

Some market makers who claim to be regulated by international financial supervision and management agencies are also mixed and deceive investors.

This requires you to open your eyes and carefully identify.

After making the decision, Su Yu found an old North American market maker institution on the Internet that can support small account deposits and support leverage ratios of 100 times and 200 times.

Then open an account and deposit money.

He saved more than 500 yuan from his savings of more than 1,500 yuan and deposited 1,000 Chinese yuan, equivalent to about 144 US dollars.

In choosing trading products, Su Yu skipped the mainstream currency pairs and chose London gold, which has more volatility and trends.

Because, in Su Yu's memory...

2013 was a year of violent turbulence in commodity and gold prices.

Due to the slow recovery of the European and American economies, the Federal Reserve's early withdrawal from the QE program, the early shift in monetary policy, and the long bull trend of European and American stock markets, the global risk aversion since the "subprime mortgage crisis" has quickly subsided, causing the decade-long bull market in gold to come to an abrupt end.

In the process of bull-bear conversion, there are often huge investment and speculative opportunities in the market.

This is why Su Yu chose gold as a trading product.

After deciding on the trading product, Su Yu sorted out his thoughts about the general trend of gold in 2013.

After that...

On the second day of rest, he carefully reviewed the trend of London gold.

He found that after gold hit a record high of $1,920 on September 6, 2011, it has been hovering in the price range of 1,800 to 1,500 for more than two years, forming a high-level oscillation pattern.

And now...

The price of gold has just fluctuated to the bottom of this price range, that is, around 1,570.

According to the previous historical trends and technical analysis, gold has strong support and expectations of rising again near the price of $1,500.

But Su Yu searched the news.

He found that the global macroeconomic situation at this time and the various factors driving the change in gold prices are not conducive to the support of gold prices.

Among them...

There is a news about the Central Bank of Cyprus may sell excess gold reserves to raise funds to make up for the loss of funds in the "emergency liquidity assistance", which makes Su Yu more vigilant.

From the global economic macro-level analysis and the general trend of gold history in his mind.

The price of gold will not reach a new high.

Just from the current position of around $1,500, Su Yu is not completely sure whether gold will rebound weakly with the technical aspects and continue to fluctuate, or directly break through the support of $1,500 under various negative factors and enter a unilateral downward trend.

If his trading principal could be slightly more.

After comprehensive consideration, he would definitely choose to enter the market at this position to short, set a stop loss, and wait for gold to break through the support of $1,500, fluctuate from a high level, and slide into the abyss of the bear market.

Unfortunately... his principal is really scarce and the tolerance rate is extremely low.

If he enters the market at this price, once gold does not go as he expected, a quick rebound will be enough to knock out his entry order, leaving him with no enough principal to enter the market.

The trading principal of $144 is only enough for him to place an order of 0.1 lot at the minimum trading unit with a leverage of 200 times.

Moreover, even so, after deducting the margin of 0.1 lot, the loss funds that can be used to withstand price fluctuations are extremely limited.

The price of gold only had to fluctuate 40 points, or $4, in the opposite direction of his order, a movement of less than 0.5%.

He went bankrupt directly.

"It seems... I can't be impatient."

After reviewing the situation, Su Yu considered his trading risks and said to himself.