At the close of Friday morning on the 25th, Li Peifeng used 2.92 million USD to leverage 100 times, converting it into 292 million to purchase 3,193 contracts of crude oil.
Now on Monday the 28th, the market opened with a rise of 4.54%, and the price per barrel of oil increased from 91.93 to 96.10. Li Peifeng’s 2.92 million USD also turned into 13.26 million USD, equivalent to about 84 million Great Eastern Coins.
From Friday when Li Peifeng entered the market until now, in just three days, the 3 million principal surged 23 times!
"Although I see money as dirt, this is still somewhat exhilarating."
Li Peifeng stared intently at the floating profit of more than 80 million, feeling overwhelmed with emotion.
If I had to earn this money by typing one word at a time, who knows when I’d make this much.
It still has to be speculation; it still has to be gambling!
There is a shortcut in this world, but the margin for error is too low. However, once successful, it can yield insane returns.
At this moment, Li Peifeng even felt he was too conservative. If he had invested the remaining 1 million in his account, the earnings would definitely exceed 100 million.
"How about it? Has the market opened?"
In less than two minutes, Wu Wenyue entered the bedroom wearing a robe, and she was very concerned about this matter.
Li Peifeng displayed the floating profit ticket and calmly said, "Lucky, no need to drink the northwest wind."
"..."
Wu Wenyue’s sleepy eyes instantly cleared, she carefully counted the eight-digit number before the dollar sign, and was astonished, "Thirteen million two hundred and sixty thousand... what’s the exchange rate?"
"6.347, eighty-four million."
"You’re not closing the position?" Wu Wenyue couldn’t contain her excitement, "Already earned this much... and it’s still rising!"
Li Peifeng waved his hand and said, "Don’t rush, it will continue to rise!"
His judgment is correct, or rather, anyone with a slight understanding of the financial market and international situation would know that crude oil prices would inevitably rise under this situation. Thus, many retail investors and institutions poured into the crude oil market. They are scattered across various countries. Although individual funds are small, they accumulate over time, prompting the dealers who hold a lot of chips to take the opportunity to fan the flames, which led to this increase.
In the morning, WTI crude oil opened with a 4.54% rise and quickly hit 6.21% by the morning, but it slightly fell back at noon, adjusting to a 2.72% rise, with a price of 94.43 per barrel.
As the growth weakened, instead of being afraid, Li Peifeng recklessly threw in his remaining million savings. When the rise fell back to 2.83%, he used that million to add a 100-times leverage, continuing to buy more.
This move was purely driven by impulse, and on the other hand, he was confident, believing the orders he placed on Friday would certainly not be liquidated. No matter how crude oil fluctuated, it wouldn’t threaten his position at 91.93 per barrel.
Therefore, Li Peifeng wasn’t bothered at all by the gains or losses of this subsequent million-dollar buy. If it gets liquidated, so be it. I already have a profit of over 80 million, but if crude oil continues to rise, it will be an icing on the cake.
In fact, Li Peifeng really did bet right. In the afternoon, as the market gathered strength, the price climbed steadily. By the evening, the WTI crude oil market hit the highest price of the day; 99.10, with a 7.80% increase.
Li Peifeng was eagerly anticipating, full of expectations, but when it hit the hundred mark, the bulls met resistance, lacking momentum. The bears gained the upper hand, and the hundred mark couldn’t be broken, causing the rise to fall back again.
At the closing time of six o’clock the next morning, crude oil had circled back, returning to a 4.22% increase similar to the opening, with a price of 95.81...
This was really discouraging!
It’s like you thought it would keep climbing step by step, rushing to the peak in one go. You thought it would sweep across the world like breaking bamboo, but instead, it retreated at the first touch, returning to the starting point.
I was about to have a hearty battle after brushing my teeth and showering, only for you to say you’re on your period?
"Damn her! My profit is a million less than at the opening?"
For the entire day on February 28th, Li Peifeng basically sat in front of the computer watching the market. Because the trading hours for WTI crude oil during daylight saving time are from 07:00 to 06:00 the next day, he watched until the morning of March 1st, managing to only type out about five thousand words, and this outcome truly infuriated him, making him wish he could fly to the Middle East, with a machete in one hand and a bag of explosives in the other to blow up a few oil depots, cheering on the bulls in the WTI crude oil market...
"Don’t tell me you didn’t sleep all day?"
Huang Tianxuan yawned as she reached the door, looking at Li Peifeng with reproachful eyes.
"Forget he’s not human anymore, Xiaofeng only sleeps once every five or six days."
Wu Wenyue brushed past, heading straight to the bathroom.
"Not really sleepy."
Li Peifeng glanced at the time. It was already 6:30 on Tuesday. He only then realized that a day had passed and stood up, casually saying, "You guys freshen up, I’ll cook, what do you want to eat?"
"Anything."
"Whatever’s available."
The morning menu included black bean mixed grain porridge, egg pancakes, king oyster mushrooms stir-fried with beef cubes, along with two refreshing small pickles.
What Li Peifeng made was a bit perfunctory but still delicious. After having a bowl of porridge, Huang Tianxuan initially wanted to have more, but after a moment of hesitation, she put down the bowl, complaining about eating too much recently and worrying she might have gained weight.
Wu Wenyue agreed, mentioning that her figure had also become a bit fuller recently, and the two planned to exercise in the evening.
Li Peifeng didn’t comment because by 7:00, after an hour of break, WTI crude oil reopened, so he took out his phone to keep an eye on the crude oil trends.
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