Returning to his senior year of high school, he went all in and made billions by buying at the botto

When the first margin call notice was sent out, many people didn't take it seriously.

In a bull market, all warnings are like background noise.

Someone posted a screenshot of the text message in the group chat, making fun of it with a smile.

"These margin trading platforms are manipulating people's mentality again. They're playing the 'boy who cried wolf' story every day—is it even interesting?"

"Bull markets are often prone to sharp drops; a bull market pullback is a rare opportunity. How can we push the index to 6,000 points without shaking out weak hands?"

"Lie still and don't move! Tomorrow, if the major players push the price up, the short sellers won't even have a chance to kneel down and admit their mistakes!"

In countless stock trading groups for retail investors, screenshots of margin call warnings have been turned into funny memes and circulated widely.

Many people are even too lazy to pay the additional deposit.

They believe their stocks will continue to rise.

As long as prices rise, there is no risk.

The following morning, when the market opened, the Shanghai Composite Index opened only slightly lower.

Soon, the financial sector's weighting increased, and the index briefly turned positive.

The stock forum immediately became lively again.

"See? Who are you trying to scare?"

"The bull market is still going strong!"

"The shakeout is over, let's keep pushing up!"

But Chen Mo sat in the Tai Chu No. 2 trading room, looking at the screen, without saying a word.

Zhao Qiang stood to the side, holding a copy of real-time risk control data in his hand.

Although the margin trading balance is stubbornly holding at a high level, the forward discount of stock index futures is expanding wildly like a bottomless pit. This means that truly smart big money is already frantically opening short positions to buy insurance.

The buy orders on the table are actually as thin as a sheet of paper.

10:27 AM.

Without warning, the first "internet finance monster stock" that had previously surged fivefold suddenly encountered a massive sell-off of tens of thousands of shares, dragging it from a five-point gain into the red zone in just three minutes.

Then came the second one, the third one...

Several core high-weighted stocks in the ChiNext index experienced a panic-driven chain of sell-offs almost simultaneously.

Initially, people on the stock forum were shouting at the top of their lungs that the major players were shaking out weak hands.

But just ten minutes later, the sentiment on all financial forums across the internet changed completely in an instant.

"What's going on? Who's dumping shares?!"

"This trading volume is suspicious; the major players are dumping orders like crazy!"

"Holy crap! It's hit the daily limit down! It's locked at the daily limit down!"

It was exactly 11:00 AM.

The green color on the screen spread wildly like a deadly poison, and the number of stocks hitting their daily limit down in both markets skyrocketed at a terrifying rate of dozens per minute.

The risk control liquidation lines of several large off-exchange margin trading platforms were instantly shattered. The high-frequency quantitative risk control system did not give human reaction time at all and automatically activated the forced liquidation order of "ignoring price and indiscriminate liquidation".

The sell-off triggered a decline, which in turn triggered deeper margin calls, leading to even larger-scale forced liquidations.

This greedy leverage system, at this moment, turned into a string of powder kegs tightly bound together, exploding one after another in a devastating chain reaction.

As the midday market close bell rang, the Shanghai Composite Index was already a sea of ​​red.

Even so, retail investors, whose rationality has been robbed by desire, still sit in front of their computers and hypnotize themselves.

They stubbornly believe this is just a drastic technical adjustment, after all, in the past few months, every morning crash was followed by a mysterious influx of billions of dollars that would come in and save the day.

This time, it will definitely be the same.

……

At 1 p.m. sharp, both the Shanghai and Shenzhen stock exchanges opened.

However, the savior they had hoped for did not appear.

Within just fifteen minutes of the market opening, the ChiNext board's defensive lines were completely breached.

Faced with absolute liquidity depletion, all technical support levels are as fragile as a thin sheet of paper.

Those shady, unregulated private investment schemes that were hidden in the shadows began to disappear en masse.

Several previously bustling online investment groups with thousands of members were now flooded with information so much it was almost suffocating.

"Help! Why was my account emptied?! I didn't do anything!"

"The system liquidated my account... I'm done for, all my savings from the past few years are gone!"

"The platform has gone mad! They've placed a forced liquidation order at the daily limit down price! They're leaving us no way out!"

"Why is the deposit refund channel inaccessible?! Where's customer service? Where are you all?!"

There was only an endless busy signal on the other end of the phone.

Because the servers of major margin trading platforms were overwhelmed by tens of thousands of desperate phone calls.

The number of companies hitting the daily limit down kept fluctuating: fifty, one hundred, three hundred... Until this moment, the chilling panic finally turned into a tangible slap, striking everyone's face hard.

In brokerage branches across the country, the once noisy and bustling retail investor halls suddenly fell into a deathly silence.

An elderly man stared at the large screen with trembling hands, his face ashen.

Some people frantically typed on their keyboards, trying to cut their losses, only to find that their stocks were already locked at the daily limit down by millions of sell orders and couldn't be sold at all.

Some people hid in deserted emergency exits, holding their phones, their voices trembling with desperate sobs: "Stop asking! Tell me your bank account password and transfer the money right now!"

"I didn't lose money... I really didn't lose money! I just need to add some margin! Hurry! If you don't transfer it now, I'm completely finished!"

"Now that things have come to this, the people I feel most sorry for are my family."

The atmosphere inside the Taichu Capital office area was oppressive.

All the young employees stared blankly at the plummeting index K-line. Only at this moment did they truly understand what kind of divine means Chen Mo had used to liquidate the company a few days ago.

Zhao Qiang stood at the office door, his palms covered in cold sweat.

He turned sharply to Chen Mo: "President Chen, everything's collapsed... even the top-performing stocks have been dragged down, should we...?"

Chen Mo slowly raised his eyes.

"Not there yet."

Zhao Qiang's throat bobbed violently: "A thousand stocks have already hit their daily limit down, and it's not over yet?!"

"What's falling now are just the blood-stained shares of those who have had their leveraged accounts liquidated. Those already in the market are only feeling the pain, but they still harbor the illusion of a rebound."

Chen Mo pushed open the window, lit a cigarette, and blue smoke rose.

"The real stampede is about to begin."

……

2:26 PM.

Lu Zhilan's dedicated phone line was switched in.

On the other end of the screen, the woman, who had seen it all, spoke with an unusual urgency: "Chen Mo, several major institutions in Kyoto are starting to get impatient. The damage from this chain of margin calls is too great. Shouldn't we use the Primordial II to support the market now?"

Chen Mo leaned back in his chair, looking at the large expanse of green on the screen, and said, "Now, whoever reaches out is filling a bottomless pit. Wait until the leverage of margin trading is completely crushed, until greed is completely killed by fear."

"The time will come."

……

It was exactly 3 p.m.

The closing bell rang.

The most devastating black swan storm in the history of the A-share market has officially come to an end.

The Shanghai Composite Index plummeted, the ChiNext Index was almost halved, and more than 1,500 listed companies across the market were locked at their daily limit down.

The homepages of all major financial websites across the internet were instantly changed to a black and green color scheme.

Those financial bloggers and keyboard warriors who were frantically mocking Taichu Capital for "selling too early" just a few days ago are now frantically deleting posts and deleting their accounts as if they've lost their parents.

The viral article, "Primordial Capital, Selling a Prodigy Halfway Through the Bull Market," saw its comment section completely overwhelmed within an hour, resulting in a dramatic reversal:

"Where's the author? Come out and show yourself! This is supposed to be halfway up the mountain?!"

"Taichu Capital actually liquidated all its positions within a single day at the 5178-point mark... This isn't human, it's a god!"

"Please, I beg you, Taichu, open the floodgates! I'll sell my house to buy Taichu's funds! Help!"

The outside world's turmoil couldn't reach the top floor of Yujintai at all.

7 PM.

Among the core clientele of Taichu No. 1, whose net worth exceeds 100 million, the arrogance of the past has long since disappeared.

That final liquidation profit table, boasting a staggering 185%, became their only bible in the financial apocalypse.

Mr. Xu from Zexi sent a message on WeChat: "Mr. Chen, before the market opened today, Zexi forcibly shut down the last thirty nominee accounts, and all the cash was recovered. Mr. Xu... thank you for saving my life, Mr. Chen."

Chen Mo glanced at his phone, his fingertips twitching slightly: "Okay."

The avalanche has begun.

Today is only the first day.