Chapter 662 - 386: New Tenant

"Tianxuan, what brings you here?"

"How much did you make, let me have a look?"

At 10:23, Huang Tianxuan arrived at Jintian City. After changing into slippers, she walked into the bedroom, smiling and eager to see Li Peifeng’s achievements.

"A floating profit of 830,000, plus the principal of 470,000, totals 1.3 million. I’m talking about Dao Le, which converts to 8.25 million RMB."

Li, feeling quite proud, showed her eagerly, his demeanor like a gambler who has just won at the table, excited and boastful: "A profit of 1.8%, the initial capital has nearly doubled from 3 million!"

"Oh, really? That’s impressive!"

Huang Tianxuan used a tone meant for placating a child, then observed Li Peifeng’s trading software closely, frowning slightly: "What platform are you using for trading? The waters here run deep, there are many scams, using simulation software to deceive people. You think the money’s wired to the bank for trading, but actually, it’s wired to a non-existent platform, they’re not even placing orders for you. Or the platform is betting against you..."

"This is an offshore account, with independent clearing, run by a domestic professional foreign trading company. Plus, I’ve divided the funds among three accounts, don’t worry."

Huang Tianxuan wanted to say more, but Li Peifeng waved his hand: "I’m familiar with this, no way am I falling for that, I can cash out anytime, there’s no issue. Once the funds increase in a couple of days, I plan to hire a few traders, using dozens or even hundreds of accounts to trade together, otherwise the capital is too large, placing orders at the same time is too attention-grabbing."

"You still want to..."

Huang Tianxuan hesitated, nodded: "Alright, as long as you’re not falling for a scam, make good money!"

Not persuading me? You said so much, but why not persuade me, huh? Can’t we just drop the bride price?!

Li Peifeng blinked: "But truth be told, the principal is too small, if I had a hundred million, I’d have made 150 million by now. How about... Sister Xuan, lend me a hundred million? I’ll pay you back in half a month!"

Half a month? I’m afraid you’ll lose it all in two days! You damn gambling addict want to drag the whole family into this, huh?

Huang Tianxuan chuckled: "I don’t have that much money either, why don’t you use your own funds to trade first... Eh, now when you close the position, a total of 1.3 million Dao Le including profit and principal, then you use this to leverage a hundred times, keep buying more, right? Snowball it, the bigger, the better."

You really want me dead, don’t you?!

Li Peifeng cursed inwardly, but outwardly showed some eager hesitation: "But that increases the risk too, now even a two-point fluctuation won’t burst the account, the loss is only of the profit. If closing and buying more... Alright, let’s do it!"

Li Peifeng’s gaze gradually firmed, his pupils seemingly flickering with calculating numbers, muttering: "1.3 million, leveraging up to 200 times is 260 million Dao Le, an increase of just one point is 2.6 million, converting to Great Eastern Coin about 16 million. I anticipate this wave will last at least a week, crude oil prices will rise by 40%, that’s 640 million... Damn, I’m going all-in!"

He was about to sit down and trade when Wu Wenyue, showing concern, quickly stopped him from sitting down, grabbing his collar and scolding angrily: "Are you crazy? 200 times leverage, a drop of 0.5% and you’re liquidated, your 3 million principal with floating profit will be gone! Even if you predict crude oil will rise soon, how can you survive such volatility? If the stock sharks decide to sweep, you’re finished."

"Anyone can see crude oil will rise, there are countless retail investors like you, but you also mentioned the stock sharks have been setting up since last year, how can they just let these retail investors profit? If they don’t burst the retail accounts, who are they going to profit from?"

Li Peifeng hesitated: "... But this is an opportunity, miss it and it’s gone."

"Opportunity my foot, you gambling dog!"

Wu Wenyue shook Li Peifeng’s collar fiercely, seeing he seemed to regain some sensibility, then grabbed Huang Tianxuan’s hand and walked out of the bedroom: "You come with me, Li Peifeng you’re not allowed to trade anymore! Unless you want me to tell your parents you’re gambling!"

Li Peifeng sat down again, pretending to concentrate on observing the market, while the two girls walked into the adjacent bedroom.

"Sister Tianxuan! Why didn’t you try to persuade him just now? I asked you here and you just watch him keep gambling?"

Huang Tianxuan spoke calmly: "Can’t persuade him, I know quite a few people who have traded international futures, they all share one trait, no matter how successful they were before, regardless of their wealth, regardless of how serene they usually seem, or how insightful their business vision is, when losing big initially they might not care, but if they feel the pain and quit playing, once they start winning, they become no different from gamblers."

"Their mouths full of terms like ’quantification’, ’indicators’, ’cycles’, ’trading systems’, when winning money they’d disown their parents, thinking they earned it through skill, and when losing, they lament their bad luck... Some wake up after losing half their assets and stop trading, others, even with homes broken and families shattered, still think they could have returned funds if they had money to cover losses back then."

As Huang Tianxuan spoke, she actually laughed: "Peifeng now is exactly like those people I’ve seen, haven’t you noticed he’s got the gambler’s glow? At this point, whatever anyone says, he won’t listen, unless he loses all the money, then he might calm down."

Wu Wenyue was speechless: "So we just watch him lose all the money?"

"Let him lose."

Huang Tianxuan shrugged indifferently: "He only invested 3 million, once he loses it all, we can advise him, then he’ll probably listen."