Reborn in America, I am a legendary short seller on Wall Street.

Chapter 91 has a little surprise in store? (Bonus chapter for yesterday's plot summary, thank you all for your support)
At 12:22, Larry received his transaction confirmation.

The first short position I took today had a cost price of $48.75 and a final closing price of $26.5, earning $22.25 per share. The total profit from the 800 short positions was $1.78.

The second short position, built using a pyramiding strategy, had a cost price of $37.5 and a final closing price of $26.5, earning $11 per share. The total profit from the 400-share short position was $4400.

The combined profits from both transactions amounted to $2.22, which is Larry's total profit from shorting today, nearly doubling his initial investment in just two hours.

At the close of trading, Larry bought another 1500 shares of Colt firearms at the same price of $26.5, for a total margin of $9937.5.

Larry's initial margin in his Reading trading account was $1.2. After deducting the $1 currently tied up in long positions and adding the profits from shorting, his current margin is more than $2.4.

Of course, the specific figures will only be available after T+5 day settlement.

But there's no doubt that Larry made $2.22 today just by shorting Colt!
Moreover, he also has a long position of 1500 shares of Colt, waiting for future profits to materialize.

Even after silently calculating it a dozen times in his mind, Larry still kept clenching his fists in his pocket when he saw the transaction report!
This is amazing! This feels amazing!

Making so much money from a single scheme, without even worrying about the other party defaulting on their debts—this is an unparalleled feeling of exhilaration, satisfaction, and catharsis!

Larry felt that making $2.2 was secondary; he had made unexpectedly large sums of money before, but this time he finally didn't have to be afraid!

Besides his own rationality, what protects Larry's money in his account are Reading Brokers, the New York Stock Exchange, and the powerful violent machinery of the United States of America that maintains the capitalist economic order.

Finally, I don't have to live in fear like before!

Seeing Larry, a small client, standing there in a daze holding the transaction confirmation slip, the front desk manager and the trader exchanged a glance, both seeing astonishment and admiration in each other's eyes.

When they first met Mr. Livingston, who was so young and somewhat immature, they could see shyness, fear, and a lack of confidence in the blond boy's eyes.

He opened an account first, and then transferred in less than $9000 in two separate transactions.

While depositing the money, the boy was extremely nervous and trembling, as if he had stolen the large sum of money from someone else.

But seeing him this time felt completely different!
In particular, his seemingly divinely bestowed confidence and composure, along with his decisiveness and domineering presence when placing orders, and this proud temperament that surged from within, made this young man seem to have transformed overnight into a majestic lion looking down upon all directions.

The trader recalled that during the three hours he spent with Larry, he didn't recall Mr. Livingston saying a single nonsense.

All his words were crisp, decisive, and unquestionable, like a general entering a battlefield or a king reigning over a throne.

This precious quality, which transcends age, is something I could never have imagined if it hadn't been bestowed upon me by God himself.

The front desk manager, on the other hand, evokes a different feeling.

This morning, when Larry was shorting the stock, the front desk manager initially thought that the guy had learned some major, unknown negative news about Colt, which was why he rushed to this branch to short the stock.

If Larry really did make a reversal trade just before the market closed, securing the $2, the front desk manager would genuinely believe he had guessed correctly.

Making money off insider information? This is a common occurrence for front desk managers who have been in the business for many years!

But Larry's actions in the last fifteen minutes left him bewildered.

This blond teenager had been shorting Colt all day, and then, incredibly, he went long at the end of the trading day!
My God, can you believe it?
For some reason, he dared to short Colt's stock price before the market opened today, and perfectly capitalized on the stock price's dramatic drop in just two hours this morning...

But in the final minutes of trading, he actually dared to go long when the stock price showed no signs of rebounding!
Is this a reckless guess?
No, no! The front desk manager had been amazed by this blond boy more than once or twice. He absolutely refused to believe that this boy named Larry Livingston's miraculous move of buying at the end of the trading day was just a guess, a gamble, or a bet that the stock price would rebound next week.

The front desk manager was 99% certain that this increasingly aloof gentleman had 100% confidence in his deal.

It is foreseeable that Mr. Larry Livingston's 1500 long shares will also yield dazzling profits; there is no doubt about that.

The front desk manager and the trader stared intently at Larry, each with their own thoughts, but Larry remained completely oblivious.

As before, when Larry was suddenly overwhelmed by a huge emotional surge, a light suddenly appeared in his mind reminding him that now was not the time to celebrate. He needed to return to Colt Corporation in the afternoon to bring this grand gamble he had personally orchestrated to a perfect close.

Larry took a deep breath, a faint smile appearing on his face. When he looked around, he found that almost everyone in Reading's sales office had left, leaving only the front desk manager and traders standing in front of him.

Larry smiled at them. "Thank you, gentlemen. Without your help, I wouldn't have been able to complete my first trade at the brokerage firm. I'm very satisfied with Reading and with you all. Thank you!"

Since securities firms provide high-end financial services, unlike restaurants and hotels, clients do not need to tip those who help them.

Larry could only politely express his gratitude verbally. The two quickly said it was their honor to serve such a talented young man as Larry.

With a smile, the front desk manager noticed that there weren't many people left in the sales department. She took a few steps forward and asked softly, "Mr. Livingston, will your commission rebate be deposited into your bank account or returned in cash?"

Larry was taken aback, wondering how he could get a commission refund? He was an employee of Paine Weber Securities! How come he had no idea about this?

Thinking of this, Larry suddenly pictured Logan grinning at him, saying, "You don't know anything, all you know is how to make money through trading."

Larry thought for a moment and said sincerely, "I'm sorry, sir, I really don't understand this... Could you explain it to me?"

The front desk manager nodded, thinking it was normal for the young man not to understand, and then explained.
"Your previous two short positions, which were closed out at the end of the trading day, both generated trading commissions. Although we officially charge a 1% commission rate, in order to thank our clients and encourage them to trade with our branch long-term, we offer commission rebates to outstanding clients. Your current effective commission rate is 0.3%."

As he spoke, the front desk manager took the transaction statistics sheet.

Larry sold 800 shares for the first time, at a cost of $48.75 per share, for a total transaction amount of $3.9. If calculated at 1% of the total transaction amount, the actual commission would be $390.

Similarly, the second sale price was $37.5, and the total transaction amount for 400 shares was $1.5, with a commission of $150.

Finally, the 1200 shares were sold back at $26.5, with a total trading volume of $31800 and a total commission of $318.

The total commission for the three parties is $858.

However, the business department will refund the portion of the commission rate exceeding 0.3%, as well as the stamp duty and other commissions other than the comprehensive fees, which amount to approximately 0.5%.

In other words, the actual commission collected by the sales department is $300.3, while the remaining $557.7 is to be returned to the customer.

This is also a tactic used by smaller brokerages to attract clients to trade.

After listening to the front desk manager's explanation, Larry secretly took a breath, thinking to himself that this was quite a pleasant surprise!

$557! Why not take it if it's free?!

For an ordinary worker, this money would be equivalent to a year and a half of hard-earned wages.

After explaining the rebate, the front desk manager asked again, "Since this money cannot be openly returned to your account, would you prefer to open a separate bank account, or take the cash directly?"

Larry thought to himself that after finishing the financing project with Colt, he didn't know when he would come to Hartford again, so he chose cash.

The front desk manager asked the cashier to bring $557.7 and a receipt that Larry needed to fill in his name.

Larry wrote his name on the receipt and put the $557.7 into his wallet, which also contained the money he had earned in New Haven and his own spare change, totaling $2421.5.

Larry now has $2979.2 in cash, which is close to $3000.

$3000!
When Larry first earned $3000, he was too scared to go out alone and couldn't sleep because he was so excited. He only felt safe after buying a handgun in North Fishing Port Alley.

At that moment, the cash was in his wallet, and he didn't even realize it!
Honestly, I didn't feel anything!

It's like when you earned $300 before.

Larry thanked the front desk manager and the trader again, then pushed open the door of the branch office and walked onto the street.

At this moment, the streets of Hartford, which were slightly deserted at midday, were lined with clean cobblestone streets and imposing, square buildings on both sides. Larry looked up at the clear blue sky and smiled.

I'll head back to Colt this afternoon!
It's time to give an explanation to those who were living in fear!

　I just finished writing this chapter, and here's an extra chapter! All you great writers know my personality; I can't keep chapters to myself. If you all praise me, I'll immediately add an extra chapter.

　　Thank you all for your support. However, I may only be able to update twice a day for the next few days, or maybe only 4 words. I need to prepare for the book's release.

　　I can't help it, I've been too busy lately, so I'll try to write more over the weekend.

　　Thank you all, and congratulations to all the great traders! May you all prosper!

　　
　
(End of this chapter)