Becoming the King of Bottom Fishing After Going All-In on A-Shares

September 18th, 7:9 AM, Finance major dormitory building.

Zhang Yixing, Xia Yaozong, and Yang Cheng looked at the steamed buns, mantou, soy milk, and fried dough sticks on the table, and then at Lu Chenzhou, who had just returned from his run.

The three exchanged glances, and Zhang Yixing hesitated before saying, "Unsolicited kindness is always suspicious; this breakfast might not be so delicious!"

Yang Cheng reached out, picked up a steamed bun, and swallowed it in large gulps: "I only have a little pocket money in my pocket. If he wants it, I'll give it all to him."

Xia Yaozong sipped his soy milk and ate his fried dough sticks: "I don't have millions, but a few thousand is no problem."

Zhang Yixing hesitated for a moment, picked up the steamed bun and said, "I've been interning lately, buying meals and coffee for my team leader, and I'm almost running out of money for meals."

After raising some funds from his three roommates, he wandered around the dormitory building and tried to find some sponsors to contribute more.

At 9 o'clock, Lu Chenzhou arrived at a small private room next to Galaxy Securities.

Looking at the bald, heavily tattooed man at the front desk, he calmly said, "Margin trading."

The bald man looked at the young man, who appeared to be a student, and asked, "It's a bear market now. Are you sure you want to use leverage?"

Lu Chenzhou nodded: "Here's my student ID and national ID. How much money can I borrow? What's the maximum leverage? How's the interest calculated?"

The bald man paused for a moment, then meticulously checked the identification documents.

After sizing him up for a while, she said, "A top student from Renmin University, broad shoulders, narrow waist, long legs, and I'd estimate you're 1.85 meters tall. You're the type a rich woman likes. I can give you a credit line of 50,000."

After saying that, he handed Lu Chenzhou a form with the interest rates corresponding to different leverage ratios.

Lu Chenzhou didn't even glance at it, his gaze fixed on the bald man: "Maximum leverage, thank you."

The bald man's eyelids twitched. After staring at him for a few seconds, he asked, "10x leverage, 2% monthly interest, are you sure?"

9:15 AM, Galaxy Securities Trading Hall.

The bald man looked at the account balance of 60 displayed on the computer screen and said with admiration:

"The money has arrived. You'll receive 70.8 yuan, including principal and interest, in a month. If you don't see the money, you'll know what will happen."

Lu Chenzhou said calmly, "You should go."

The bald man nodded to the receptionist, then turned and left.

This was the first time he had met such a decisive college student, and he hoped that the student could persevere for a while longer.

At 9:30, the A-share market opened on time.

The market opened lower and continued to decline, gapping down below the 1900-point mark.

Within minutes of the market opening, a flood of sell orders appeared.

The order book was filled with sell orders, showing absolutely no buying support.

The Shanghai Composite Index quickly fell to 1892 points, breaking through the previous day's closing level of 1929 points. More than a thousand stocks in the two markets turned red, and the number of stocks hitting the daily limit down rose rapidly. The securities sector led the decline, and the entire market was in a bloodbath.

The trading hall was instantly filled with an atmosphere of despair. Retail investors were pale-faced, staring at their screens and sighing.

Some people beat their chests in despair, some stood there dumbfounded, and everyone stared in disbelief at the market's nearly 6-point plunge, completely losing their spirits.

Lu Chenzhou stood silently in the crowd, his eyes fixed on the intraday chart of CITIC Securities, his hand firmly gripping the mouse, waiting for the best opportunity.

At 9:38 AM, CITIC Securities' stock price plummeted as the broader market panicked and sold off, instantly freezing at 15.42 yuan, hitting the daily limit down.

Can you believe that CITIC Securities, a leading brokerage stock, actually hit its daily limit down?

Without the slightest hesitation, Lu Chenzhou used all 60 yuan to buy shares in CITIC Securities.

The order was executed instantly, and a message popped up on the screen indicating that the position had been successfully held.

Seeing this, the retail investors nearby shook their heads and sighed. Some whispered mockingly, their faces full of confusion: "Is this young man crazy? Going all in on a brokerage firm that's hit its daily limit down at a time like this is just asking for trouble."

"Catching a falling knife in a bear market, especially one from a brokerage firm, can leave you with nothing but your underwear."

A rough, hoarse voice suddenly rang out from behind. The bald man had returned unnoticed and stood behind Lu Chenzhou, his tone grave: "Once you've placed your bet, it's done. If you lose this 60, you can't get away with not a penny less of the principal and interest from the leveraged investment. Don't even think about going back on your word."

Lu Chenzhou smiled and said, "Don't worry, you'll get your share."

The moment the words were spoken, the trading screen showed an unusual movement.

Suddenly, a large amount of mysterious funds appeared in CITIC Securities to take over the buy orders, frantically absorbing the sell orders. The stock price stopped falling instantly, pulling CITIC Securities up from the limit down and starting to stabilize sideways.

With mysterious funds buying in aggressively, the market also found a golden needle around 1895 points, abruptly halting the panic selling, and then slowly rising.

After CITIC Securities bottomed out, the selling pressure was absorbed by covert buy orders, and the stock price stopped falling. It traded sideways in a narrow range between 15.42 and 15.60 yuan, as if it were being supported by an invisible hand.

In the latter half of the morning session, the securities sector collectively stopped falling, with CITIC Securities maintaining its low level and not touching the daily limit down again. Trading volume was significantly higher than in the previous few days, indicating that while panic selling occurred, mysterious funds continued to buy in.

During the midday market break, rumors were rampant in the trading hall. Some said the central bank was going to introduce another market rescue policy, while others said overseas markets continued to plummet.

After eating a boxed lunch, Lu Chenzhou found a corner to close his eyes and rest.

He knew in his heart that a major positive development would be announced that very night.

The calm we see now is just a brief respite before the storm.

In the afternoon, the market continued its weak and volatile trend, but CITIC Securities began to rise slowly, with its stock price gradually rising above the 16 yuan mark, and selling pressure significantly eased.

Funds began to flow back into brokerage stocks. Although there was no significant surge, the intraday chart showed a clear bottoming-out and rebound pattern.

The Shanghai Composite Index also gradually recovered from its low of 1892 points, with the decline continuing to narrow.

The previously desperate retail investors gradually quieted down, and some began to whisper among themselves about whether the market had bottomed out.

Lu Chenzhou's account had a floating profit of more than 5 points, earning him over 3 yuan.

In the last half hour of trading, market sentiment clearly improved, and CITIC Securities rose slightly, reaching a high of 16.88 yuan.

However, it fell back in the last ten minutes, and finally closed at 16.25 yuan, a rebound of more than 5.38% from the intraday low of 15.42 yuan.

The day closed with a long lower shadow bullish candlestick, forming a "golden needle probing the bottom" pattern.

The market closed at 1895.84 points, with the daily decline narrowing to 1.72%. The intraday maximum drop of 6.6% was largely recovered, with the securities sector becoming the core force driving the stabilization in the afternoon.

As the closing bell rang, a murmur rippled through the hall.

Some are glad they didn't sell at the lowest point, while others regret not daring to buy at the bottom.

Many people marveled at Lu Chenzhou's good fortune, as the stock price rose immediately after he bought it.

The bald man walked up to Lu Chenzhou, his tone more admiring: "You've got something, kid."

Lu Chenzhou checked the holdings information.

Holding stock: CITIC Securities (600030)

Number of shares held: 38900

Average transaction price: 15.42 yuan

Current market price (closing price): 16.25 yuan

Market value of holdings: 632125.00 yuan

Daily profit/loss: 32287.00 yuan (5.38%)

Floating profit/loss: RMB 32287.00 (5.38%)

Looking at the unrealized profits in his account, he smiled faintly: "This is just the beginning."

Most people are unaware that tonight regulators will announce some incredibly positive news: a unilateral imposition of stamp duty and Huijin's investment in the three major banks.

This will trigger an epic surge in A-shares, and his 60 yuan fully invested stock is about to experience a sudden surge overnight.

The bald man frowned as he looked at the incredibly confident Lu Chenzhou.

Do you have any inside information?

Lu Chenzhou glanced at him: "News isn't important; trends and human nature are the most accurate indicators in the stock market."

After he finished speaking, he packed his things and turned to leave.

The bald man stood there, staring at the young man's back for a long time, becoming more and more certain that he had probably made the right bet on this young man.

"Should I buy shares in CITIC Securities?"