Huang Tianxuan glanced over: "Did it go up or down?"
"It opened 0.29% higher, opening price at 96."
Li Peifeng frowned. Although it was technically a higher opening, the rate of increase was too weak. Combined with yesterday’s rise and fall, he doubted whether oil prices could reach 120, feeling even hitting the 100 mark was difficult. The thought of closing the position to lock in profits was subtly forming in his mind.
"Eat, stop looking at it."
Wu Wenyue served him a piece of egg pancake, while Huang Tianxuan took his phone, pressed the screen-off button, and didn’t plan to return it. Instead, she laughed and said, "These past days, the two of us have gained weight, but you’ve lost weight. Is it because of this thing... is it really necessary? You keep staring at it, can you really see any flowers blooming?"
Li Peifeng sighed: "It’s about making money, one point equals tens of millions, how can you expect me not to look? Could you resist it?"
Huang Tianxuan replied, "Although I haven’t traded futures, I’ve done stocks several times, usually making around thirty percent profit each time. I believe my ability to profit has something to do with the advice given by a stock expert friend of mine."
"The advice is to place your bets and walk away, never to check the market frequently. If you keep staring at the market, your emotions are tightly controlled by its fluctuations. Watch long enough, and you can’t help but operate. The more frequently you operate, the more mistakes you make, completely forgetting the rational consideration and comprehensive analysis you performed before buying. So to avoid having your emotions swayed by the market, the best solution is not to look at it. Decide on your stop-loss and take-profit points before entering, and once they are reached, execute decisively without hesitation in between."
Pausing for a moment, Huang Tianxuan added seriously, "Although this is a method for stock trading, I think it applies to your current situation as well. What do you think?"
Li Peifeng was silent for two seconds, then laughed: "President Huang, were your previous stock trades not based on inside information?"
"This is just basic trading principle, what nonsense are you spouting."
"Got it, thank you, Teacher Huang, and I think you’d look great with glasses."
Although Li Peifeng grinned goofily, he did take Huang Tianxuan’s words to heart, refraining from fiddling with his phone during the meal, and while washing dishes, he pondered whether he had indeed been emotionally influenced by market fluctuations as Huang Tianxuan suggested.
Undoubtedly, he definitely was.
And this is one of the basic characteristics of a rookie trader.
Why chase highs and sell off? Isn’t it because you were misled by indicators deliberately set up by the main forces?
You can’t just get rich quick, the crude oil futures market is worth trillions of USD. Even with the influence of war, for it to increase in price requires a week, maybe even half a month, going through several bouts of fluctuation and adjustments, it’s impossible to rise every day without pulling back before reaching the peak.
"Nurture in silence! Remember the original intention! Absolutely don’t sell until it hits 120, the pain of a margin call and selling too early, the latter is far worse!"
After washing the dishes, Li Peifeng made up his mind. After Huang and Wu left, he stayed at home typing by himself, occasionally glancing at the market, trying his best to see it as a string of numbers entirely unrelated to him.
Even when the market went from rising to falling in the morning, dropping to -0.51%, he remained unmoved.
"Technical adjustment, don’t panic!"
Without the previous indecisiveness, the price of crude oil began to rise steadily in the afternoon, smoothly surpassing the hundred-dollar mark.
On the morning of March 2nd, at six, WTI crude oil successfully closed at $106.25 per barrel, with an astonishing increase of 10.90%.
Shooting up, surging, it was a crude oil bull’s carnival!
The major financial news outlets reported on this wildly that day. The main reason for the rise was still due to the war, and a series of ongoing issues leading to supply risk premiums.
"Fantastic!"
Li Peifeng looked at the profits in his three accounts, finally revealing the happiest smile since entering the market.
Total profit: $47,580,000, approximately three hundred million Great Eastern Coin.
"Didn’t earn too much, just equivalent to three dowries, not even enough for one person’s share. The money for a house, car, and wedding hasn’t even been included."
During breakfast on March 2nd, when faced with the concerned questions from Huang Tianxuan and Wu Wenyue, Li Peifeng’s response was calm with a hint of smugness.
"I have to admit, Xiaofeng, you do have some talent with this stuff!"
Wu Wenyue quickly went to Li Peifeng’s bedroom to check the computer. After confirming the accuracy of the matter, she returned to the dining table, her eyes slightly gleaming with a bluish hue, her mouth slightly upturned. After praising him involuntarily, she realized something, her brows gradually furrowing, her eyes flickering with a peculiar light, lips slightly parted, she hesitantly inquired:
"If crude oil really reaches your predicted price of 120 per barrel, how much could you earn?"
"I could earn..."
Li Peifeng hesitated, looked at her, and saw through her little calculations crystal-clear, immediately warning, "Wu Wenyue! I know exactly what you’ve been calculating in your heart. If you dare to raise the dowry, I’ll dare to ride you in front of Sister Xuan and pump you full of positive energy genes!"
"I..."
Wu Wenyue, annoyed and embarrassed, kicked Li Peifeng hard under the table: "Why can’t it go up? You dared to marry four wives, how is me raising the dowry wrong? You said yourself earlier that a hundred million isn’t a lot!"
"So how much do you want to raise?"
"A billion!"
Wu Wenyue blurted out, Huang Tianxuan holding her chopsticks smiled without a word.
Li Peifeng wasn’t angry: "Alright, I’m pulling down my pants, Brother Yue, come under the table to take it yourself. This morning I’ll try my best to give you the whole billion directly. I’m telling you, refusing won’t work! I have to give it to you, we agreed on a billion, only more can be given, not less..."
Visit and read more novel to help us update chapter quickly. Thank you so much!
Use arrow keys (or A / D) to PREV/NEXT chapter
