Those Years When I Was Forced to Top the Forbes List

Chapter 110: Colleagues treat each other with contempt
This Liu Zengcheng is quite something.

On this day, he used his auxiliary software to pull up eight K-line animation charts of individual stocks, watched them in sync, and then gradually sold six of them.

In other words, he picked out 8 stocks and sold 6 of them.

The judgment was almost always accurate, with shots always made at or near the peak of his game, either at the highest point or the second-highest point.

Some stocks experience dozens of waves in a single day, and he can always find the highest wave and act decisively.

Moreover, on several occasions, Chen Xuebing saw him put his hand on the Enter key, staring intently at the screen for a long time, but ultimately failed to sell. Then, at other times, he found a wave that was a few cents or a dime higher and clicked to sell.

Chen Xuebing was amazed. This person was several levels above him in terms of operation. He himself could not even sell at the highest point within the same wave, let alone find the highest wave.

For Liu Zengcheng, shortwave seems to be his absolute domain.

This almost superhuman judgment can at least increase overall profits by several percentage points. Even if other areas are weak, Chen Xuebing is still willing to take them.

Regarding stock purchases, I bought Aerospace Power (600343), and then bought back the Moutai shares I sold in the morning at a low price at the end of the trading day, making a T+0 trade.

He also said something that left Chen Xuebing speechless, both amused and exasperated.

"This stock has good stock characteristics and a strong rebound ability. It's just that it converts shares and pays dividends, so the price can't rise. I think if it can't go up, it will go down. Trust me, no matter how much it falls, it will come back."

A Muggle with no foresight recommends Moutai to Chen Xuebing and even tries to profit from the rebound by trading downwards.

However, in the second half of this year, Moutai's performance was indeed mediocre. It started at 37 yuan at the beginning of the year, and continued to rise while the market was falling. It rose to 50 yuan in April. After the market bottomed out and rebounded in June, it did not move much. It only reached a new high of 53 yuan last week.

Chen Xuebing's answer was partially correct, as he could see the resilience of Moutai.

Before the market closed in the afternoon, Wu Zisheng came down from the 8th floor again and took the initiative to chat with Chen Xuebing for a while.

The main issue is the company's location.

If Wu Zisheng accepts Chen Xuebing's invitation, he will have to go to Chongqing. His children need to go to school, and his wife needs to go to work, so he can only go alone.

Chen Xuebing didn't make many promises, only saying that he would be given a mid-to-senior level management position there, and that he would provide housing subsidies. He also said that the company would definitely expand outwards within two years, and the headquarters would most likely move to Shenzhen.

"In two years, if your wife is understanding enough and you work hard enough, you should be able to get at least two of the four certificates I mentioned. Then you can repay your wife and children with a monthly salary of nearly 30,000 yuan and the benefits of a senior executive in the company. I believe neither you nor your wife will regret your current efforts."

"Thirty thousand? Isn't that double the price of a certificate?"

"That's double the current amount."

"Then...that should be 24,000..."

"You forgot, the salary increases by 10% every year, which is also a compound growth rate. If you can pass three exams, you'll earn around 60,000. Don't worry, if our company's senior executives work hard enough, they definitely won't earn less than the traders."

"Sixty thousand...?"

Chen Xuebing nodded slightly and smiled, "Besides the multiplier from the salary increase rate and the certification increase rate, your base salary may also be increased. If your peers raise their salaries, yours will too. As long as you work with me for ten years and pass three certification exams, your annual salary will definitely exceed one million, or even two million."

He makes money very quickly, so fast that it's no exaggeration to say it snowballs. But he doesn't want to give his employees a high price right away. Instead, he uses compound interest to give his long-term employees a guarantee that outpaces inflation.

He talked to almost every employee about a 10% annual salary increase, but no one really understood what he meant, and no one asked him about it.

The 10% he gave was actually a "seniority bonus," and it had nothing to do with the adjustment of the basic salary.

In other words, the base salary is based on the industry average, and in addition, it is multiplied by the "seniority multiplier".

1.1 to the power of 10 is 2.59.

20 to the power of 6.7.

Working under him for 20 years will earn you 6.7 times the salary of your peers at the same level.

This system will be the solid foundation for all employees to stand with him through thick and thin and never give up, and it will also become the driving force for Chen Xuebing to continuously streamline the organization and improve the combat effectiveness of his subordinates.

If you want to become his subordinate in the future, you have to fight for it; if you want to work for him long-term, you have to compete for it.

A junior employee who has worked for him for 20 years may receive a higher salary than managers in other companies.

Of course, it also needs to withstand 20 years of obsolescence.

Therefore, 20 years from now, he will have a group of absolute elites under his command.

Motivation should begin now.

So this time, he gave Wu Zisheng an absolutely exaggerated potential for growth by buying a thousand gold pieces worth of horse bones, so that all his subordinates could see the power of compounding.

Let everyone know that working under Chen Xuebing means not a single minute of your youth is wasted, and your value is constantly increasing.

Wu Zisheng left in shock.

……

The next morning, when Chen Xuebing opened the door, Wu Zisheng appeared at the door carrying a backpack and wearing a very casual and youthful T-shirt and shorts.

Previously, Wu Zisheng dressed very conservatively, and the bag he carried was a black leather briefcase.

"Oh, so you're going to travel light now," Chen Xuebing joked.

"President Chen is young. Working under you makes me feel like I've become several years younger overnight."

Wu Zisheng seemed to have already entered workplace mode, with a big smile on his face, and he even started using the formal "you" in addressing people.

Chen Xuebing was very satisfied with his condition.

"come on in."

A middle-aged man following behind Wu Zisheng was also very enthusiastic and took the initiative to extend his hand to Chen Xuebing.

"Hello, Mr. Chen. I am Xu Jin. I have heard from Teacher Wu that you are young and promising. Meeting you today, I can confirm that you are indeed extraordinary."

This man spoke with a slight Hong Kong accent, was exceptionally polite, and his appearance was somewhat unexpected to Chen Xuebing.

Contrary to his expectations of the elite class, he was slightly overweight and had a noticeable double chin.

He bears a striking resemblance to Qin Huang from Hong Kong's TVB.

He's the actor who played Zhou Botong twice in the 83 versions of "The Legend of the Condor Heroes" and "The Return of the Condor Heroes". Later, he played Mao Shiba in the Chen Xiaochun version of "The Deer and the Cauldron".

He looked a bit older than Wu Zisheng, and his smile had a kind and gentle quality.

Chen Xuebing shook his hand and invited him into the house.

Inside the room, Liu Zengcheng was trading stocks, while Ren Ying had checked out and was sitting on the sofa.

We finished our discussion this morning and were preparing to leave at noon, which is why Wu Zisheng brought his backpack.

"Ren Ying, pour the tea."

Chen Xuebing greeted Xu Jin and then sat down to chat.

"Manager Xu used to work at Delong, where he mainly traded large-cap stocks, right?"

He heard that Xu Jin used to be a fund manager, so he addressed him by that title.

Xu Jin smiled in a simple and honest way, but with a hint of reluctance: "Hehe, it's just funds pushing funds, let's not talk about this, it's not a glorious experience."

Chen Xuebing nodded slightly. It seemed that the seven months of imprisonment had done a good job of the labor camp. He was just afraid that the other party would become too arrogant.

"Then I'll get straight to the point, Manager Xu, what do you think of the current market situation?"

After considering his words for a moment, Xu Jin replied, "Market trends can change at any time. In the past few years, there have been sectors that have risen. Now that Delong, the biggest stock manipulator in the world, has collapsed, the drained liquidity has been returned to the stock market, which should be considered a kind of nourishment. However, the major favorable policies this year have not yet stimulated the stock market as expected, which is a typical sign of a lack of confidence. The future development will depend on the implementation of this stock reform policy."

On point.

Chen Xuebing agreed somewhat and continued to ask questions.

"If I gave you 100 million, how would you proceed?"

Without hesitation, Xu Jin said, "The market index hasn't reached 1500 yet, and the situation is unclear. The safest approach would be to collaborate with listed companies to manipulate the market."

After he finished speaking, he noticed Chen Xuebing's eyebrows twitch, and immediately added, "Be discreet in your methods, and don't make it too unseemly. The risk isn't high."

Chen Xuebing shook his head slightly: "Ten million." Xu Jin realized that the other party had no intention of manipulating the market and wanted to say that he was holding no positions, but that was probably not what the other party was thinking.

Why would someone with no open positions need to recruit?

After thinking it over, he said, "Then... let's have hand-to-hand combat."

Chen Xuebing was stunned for a moment.

"What kind of hand-to-hand combat?"

No sooner had he finished speaking than Liu Zengcheng, who was sitting at the computer, suddenly interrupted.

Baosteel.

Xu Jin choked for a moment, but still said, "Yes, Baosteel warrants will be listed on August 22nd, with a one-year term. It's a good opportunity for a fierce battle."

Both of them brought up the matter, and Chen Xuebing frowned as he tried to recall it carefully.

He knew Baosteel; it was a stock.

He also knew that warrants were a type of securities instrument used to go long or short.

But when the two things are put together, he really doesn't know.

Xu Jin, seeing his youth, assumed he didn't know and explained:
"Mr. Chen, warrants haven't been issued in the market for nine years. The China Securities Regulatory Commission (CSRC) had previously suspended them. You may not be familiar with how they operate."

"Warrants are divided into call warrants and put warrants. Call warrants are for going long, and put warrants are for going short."

"If the trading price of the warrant is 0.1 yuan and the listing price at the time of issuance is 4 yuan, then if you spend 1 mao to buy a warrant and the stock price rises to 5 yuan at the end of the term, then the difference in price is the exercise profit, which is 9 mao."

"If the stock price doesn't rise, then the call warrants are worthless, but conversely, the put warrants are valuable."

"The key is that these warrants can be traded on the Shanghai Stock Exchange, and the T+0 rule is implemented. They can be traded an unlimited number of times every day, just like futures, but without the risk of liquidation of futures. As long as you have the warrants in hand within the one-year term, there is still a chance for the price to rebound and rise, no matter how low the price is."

"This time, Baosteel issued bullish warrants, totaling 380 million units, with a base price of 1 cent per unit. I am certain that as long as we can grab them within 3 cents in the opening auction, we will definitely make a profit. They may even be speculated up to 50 cents or 80 cents, or even 1 yuan later."

After listening patiently to him finish speaking, Chen Xuebing turned to Liu Zengcheng in front of the computer and asked, "What is Baosteel's stock price now?"

Liu Zengcheng chuckled.

"When it comes to warrants, the current stock price doesn't matter at all. What you're betting on is that the exercise profit after the warrant expires is just a drop in the ocean. Baosteel's stock stopped trading a week ago, and the current price is 5.05 yuan. The real exercise price will be based on the opening price on August 22nd. Boss, I'm good at futures trading. Few people can beat me at fast trading. Let me handle it, and I'll definitely make you a fortune."

He finished speaking with a cold snort.

Xu Jin, who had been smiling like a Maitreya Buddha, suddenly stood up, his face grim, and pointed at Liu Zengcheng, saying:

"Futures? T+0 is futures? Naive! The inside story is beyond your imagination! Playing the stock market relies on inside information! Mr. Chen, I heard this person wants a 250,000 annual salary from you? What makes a trader dare to ask for that much? When I hire traders, the monthly salary won't exceed 3,500! Give me six months to train them, and every one of them will be top-notch!"

"Top-tier?" Liu Zengcheng's face fell. He slammed his hand on the table and stood up. "Do you even know what trading is? You think anyone, pig or dog, can become top-tier? Old man, stop bragging. Want to have a competition with me now?"

"Ha, you really think you're something special. I've trained at least ten disciples who are better than you."

The two started arguing without any restraint.

Chen Xuebing turned his head and glanced at Wu Zisheng, who had brought the two men.

Wu Zisheng gave Chen Xuebing a look: Let them argue.

Chen Xuebing now understood: Wu Zisheng was annoyed by Liu Zengcheng's sudden exorbitant demands yesterday, so he brought Xu Jin today as a show of force to dampen his spirits.

Otherwise, how would Xu Jin have known Liu Zengcheng's asking price?

Perhaps Wu Zisheng is also stating his position: Xu Jin is more suitable to be the trader.

Wu Zisheng was not clear about his own intentions. He needed both short-term trading and long-term management talents. It would be best if they could be combined. If he could not find such a versatile genius, then he would recruit one of each.

However, he was quite interested in Xu Jin's suggestion to "train traders".

Chen Xuebing stood up and raised his hand to stop the two from talking.

"Manager Xu, if you were to manage a stock trading account using a public fund model, with a capital of 100 million, how many people would you need for your team?"

The public offering model is legitimate stock trading with full information disclosure.

Xu Jin paused for a moment, then said, "Whether it's public or private funds, my team is always at its best with six to eight people. I can manage ten million or a billion."

Chen Xuebing turned to look at Liu Zengcheng: "And you?"

Liu Zengcheng sneered: "You've seen my trading model. I can trade as many stocks as a screen can hold! There's no limit to the amount of capital; large funds and small funds each have their own strategies!"

Chen Xuebing made a judgment in his mind: a normal boss would choose Xu Jin first at this time. Liu Zengcheng only understands trading, but doesn't understand the rules of the market.

"Liu Zengcheng, I'll give you an annual salary of 25 as agreed. Xu Jin, I'll also give you a raise of 5, making it 35, on the condition that you absolutely obey my orders."

Now, both of them were a little indignant and wanted to speak up.

"He doesn't deserve it..."

Chen Xuebing, however, said with his hands behind his back, "I advise you not to rush to belittle the other party's value. Think carefully about how to demonstrate your own value. For the next three months, I will only pay your salary without signing a contract. After three months, the salary will be re-determined, and I will pay you according to your value. Those who do not accept this can leave."

After saying that, he smiled at the two of them.

"What if none of you are worth it?"

There was silence.

Chen Xuebing smiled slightly, walked to the computer, sat down, opened Hong Yongqiang's account (which none of them had ever seen before), and accessed the earnings interface.

Then I turned the computer around to face them.

A bright red color, a positive return of 23%.

"This is my earnings over the past two months. If you can't do more than me, then don't brag."

The three of them frowned and moved closer.

Liu Zengcheng immediately opened the transaction history, which was filled with dense red profit records, and he couldn't scroll down to the end even after a long time.

"Well…"

A gasp of amazement.

23% isn't impressive. If you're lucky enough to catch a stock that's skyrocketing, you can make it in two and a half limit-up days. But if you diversify your investments over two months and do a lot of day trading, then making 23% is really impressive.

There's a saying in the stock market: many people triple their money in a year, but few double it in three years.

In other words, true strength lies in being able to make money even after a large number of transactions.

Liu Zengcheng wanted to take a closer look at the live trading session.

Chen Xuebing smiled faintly, pried Liu Zengcheng's hand away, and prevented him from seeing his real-time trading chart.

He knew that he could still make money by operating in this way because of the overall market trend in his mind.

With their micro-management skills, their buy and sell points will definitely be criticized by them.

He shut down the computer and smiled faintly:

"My core philosophy is to achieve long-term compound interest. 1.01 to the power of 1,000 is 21,000. If you earn just one percent every day, and the stock market has 250 trading days a year, you can multiply your investment by 21,000 in four years."

The three of them were stunned.

"Earning 1% every day...which god can do that?" Even the proud and arrogant Liu Zengcheng couldn't help but click his tongue in amazement.

"You don't necessarily have to earn only 1% every day."

Chen Xuebing stood up as he spoke and looked at the three of them.

"If you agree to my terms, I'll have someone buy a plane ticket for this afternoon right now. If you don't agree, I'll have to leave anyway."

(End of this chapter)