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

Chapter 5 The market almost hit the daily limit.

Looking at the content on the screen, Zhang Yixing swallowed and said:

"The last time the stamp duty was reduced was on April 24th. On that day, the market gapped up by more than 9 points, and the market almost hit the daily limit."

The market hit its daily limit? Limit up? Or just the market hit its daily limit?

Almost simultaneously, the discussions in the hallways and dormitories completely changed.

Some of the classmates who were mocking Lu Chenzhou caught their breath when they saw the financial news and quickly told the people around them.

The chatter in the dormitory building abruptly ceased, followed by a chorus of exclamations.

"Three major positive factors are being released simultaneously to support the market."

"Lu Chenzhou is telling the truth; the A-share market is really about to change drastically."

"He's not a gambler; he's someone who truly understands the big picture."

"He's going to make a fortune, he's going to be rich."

"Ten times leverage all-in, that's fucking amazing!"

Did he receive inside information in advance?

"Always fully invested, always with tears in my eyes!"

At that moment, Zhao Xianglong, who had just returned to the courtyard house, was reviewing his actions of cutting losses at the daily limit down in front of the computer screen.

His face was so dark it looked like it could drip water, and he irritably opened a stock forum to vent his anger.

The screen was filled with bright red press releases announcing the government's efforts to rescue the market, instantly freezing him in place and sending a chill down his spine.

The stamp duty was levied unilaterally, Huijin entered the market to increase its holdings in the three major banks, and central state-owned enterprises increased their holdings and repurchased shares.

Every major piece of positive news was aimed directly at the securities sector, and it also dealt a heavy blow to it.

He recalled the arrogant and sarcastic remarks he had made to Lu Chenzhou in dormitory 302.

I recall my foolish actions of panicking and selling at the limit down price, and then missing out on the gains.

His blood rushed to his head, and he smashed the computer.

After venting his anger for a while, Zhao Xianglong slumped into a chair, his face ashen, his eyes filled with disbelief.

That poor bastard whom he dismissed as a madman and a gambler actually made a precise bet on the policy to rescue the market.

This self-proclaimed expert investor with millions in assets completely missed the boat before dawn and lost everything.

He stared at the bullish comments flooding his QQ group and began to ponder whether or not to buy CITIC Securities shares the next day.

However, recalling the market's surge followed by a decline after the last stamp duty reduction, he hesitated.

Will this time be like last time, with the market surging for a day or two before continuing to fall?

If the market falls, will Lu Chenzhou still face a margin call?

Thinking of this, he was instantly filled with motivation and emphasized in the group that he would continue to be bearish.

As a result, he was relentlessly attacked by a group of people.

Zhao Xianglong was furious and frantically typed a reply.

They were furious on one side, and on the other side, Baidu Tieba exploded with rage.

The post, which was just moments ago filled with mockery and insults, has instantly turned into a massive face-slapping moment.

The style of the replies has completely reversed, and the thread is being built several times faster than before:

"Holy crap! Three major positive developments have blown the market away. Leverage Bro's prediction has made him a legend."

"Those who just cursed gamblers and said they'd be wiped out should come out and apologize. They have no respect for yourselves."

"The market rose 9% in April after the stamp duty was reduced. With this triple blow, the market is likely to hit the daily limit tomorrow."

"CITIC Securities is definitely going to hit the daily limit up tomorrow; those with 10x leverage will make a killing."

"I laughed at him for being crazy before, but it turns out I was the one who didn't understand the big picture. He's a genius."

"Change your name immediately, it's no longer 'Leverage Bro,' it's 'Stock God Bro Lu.'"

"A fellow alumnus is asking for a ride; can I go all in with him tomorrow?"

"Just a gambler who got lucky!"

Immediately afterwards, messages flooded alumni groups and financial institution groups, causing a complete uproar.

Xia Yaozong's senior colleague at CICC was shocked: "The guy in your dorm is a master strategist. He made precise bets on the market rescue in advance. Even we seasoned investment bankers are ashamed of our foresight."

Zhang Yixing's brokerage chief directly tagged everyone in the group chat, exclaiming, "He's a true top investor, with both courage and vision that's unparalleled. His future is bright."

Yang Cheng's supervisor, who was interning at a ministry, privately remarked that although the young man seemed crazy, he had actually grasped the pulse of policy and was a rare financial prodigy.

Inside the dormitory, Zhou Xingbang stared at the news pop-up, his face turning red and white in turns. His previous anger and accusations had now turned into shame and amazement.

His gaze toward Lu Chenzhou was filled with disbelief.

This usually low-key and reserved student actually possesses such advanced judgment and the courage to burn his bridges.

Even if the price surges later, you should still be aware of the risks and reduce your holdings appropriately.

Lu Chenzhou nodded: "I will, thank you for reminding me, teacher."

The campus outside the window was brightly lit, and the previous overwhelming ridicule and doubt had completely turned into amazement and admiration.

Lu Chenzhou, whom everyone considered a madman, is now at the center of public opinion as the good news hits, quietly waiting for the market to open tomorrow to achieve legendary status.

On Friday, September 19th, A-shares witnessed an epic rally that will go down in history.

Three major positive factors hit the market overnight, causing market sentiment to boil over.

At 9:30 a.m., the Shanghai and Shenzhen stock markets opened more than 9% higher, with the Shanghai Composite Index jumping above the 2000-point mark, completely breaking the gloom of the previous days.

In the first few minutes after the market opened, the market experienced a slight pullback.

A massive influx of buy orders surged into the market instantly, with financial and securities stocks leading the charge and hitting their daily limit.

Following closely behind, heavyweight stocks and thematic stocks all followed suit, and the selling pressure was frantically absorbed, leaving no opportunity to sell.

Trading volume surged dramatically in the first hour of trading, with the combined turnover of the two stock exchanges exceeding 100,000.

Subsequently, funds continued to flow in, and by 10:30 a.m., almost all stocks in the market had hit their daily limit.

Even CITIC Securities, which had previously hit the daily limit down, opened with a limit up and remained unchanged throughout the day.

In the afternoon, the market entered a frenzied state where every stock hit its daily limit. The Shanghai Composite Index steadily rose and closed at 2075.09 points, a single-day surge of 9.46%.

The Shenzhen Component Index closed at 7154.00 points, up 9.00%, marking the second-largest single-day gain since the implementation of the daily price limit system in 1996.

On this day, all A-shares in Shanghai and Shenzhen hit their daily limit, almost all B-shares hit their daily limit, all closed-end funds hit their daily limit, and all warrants hit their daily limit, turning the entire market into a sea of ​​red.

The panic of the bear market was completely swept away, ushering in an unprecedented wave of limit-up moves across the board.

Lu Chenzhou's 10x leveraged position has finally reached the point where he can realize huge profits.

Holding stock: CITIC Securities (600030)

Number of shares held: 38900

Average transaction price: 15.42 yuan

Closing price that day: 17.88 yuan

Market value of holdings: 695532.00 yuan

Daily profit/loss: 63407.00 yuan (10.03%)

Total floating profit/loss: RMB 95694.00 (15.95%)

At 3 p.m. – the closing bell – deafening cheers erupted in the Galaxy Securities trading hall.

"It's hit the daily limit! All stocks are hitting the daily limit!"

"In my forty years of life, this is the first time I've seen the stock market rise by more than 9%!"

"Today was crazy. The market opened 9% higher. I almost thought the software was broken."

"CITIC Securities was at its daily limit up all day and didn't open. I placed an order all day but couldn't get it to buy."

"Don't even mention it, me too. I placed an order to buy at the limit-up price in the morning, but after waiting in line all day, the order still wasn't filled by the close."

"Then you're not even as good as me. At least I bought a lot with Brother Lu last Friday."

"You bought it? How much did you make?"

"Not much, not much. I made a little over two hundred yuan in one go. That's enough to treat my brothers to a barbecue."

"Pshaw, what's that? Look at Brother Lu, he has a 600,000 yuan position and makes 95,000 yuan a day."

"Stop comparing, stop comparing. Comparing yourself to Brother Lu is just asking for trouble, isn't it?"

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