Chapter 161 Ryan's Story
The man who came in was gentle, wearing a pair of glasses, a suit and a decent body, and looked like a company executive or a university teacher. However, his face was a little pale, his spirit didn't look very good, and his chin was not shaved.
"Mr. Bo Sijian?"
"Yes, you can also call me Ryan."
"Please sit down!"
"Thanks……."
Everything was no different from before, and it was just a regular answer. After Ryan sat down, Zhou Liwen asked him to give him a brief introduction and read Ryan's resume in his hand again.
The moment someone came into the conference room, Zhou Liwen, who had a good memory, recognized the other party. They had met with Huang Daxian. When they accompanied Zhou Bei to the Taoist priest to explain the signing, Ryan was standing before Zhou Bei.
"I am a trader, haha, to be precise, I used to be a trader, and used to be an independent securities investor. But I think, in the future... or for a long time, I will continue to work as a trader." Somehow unexpectedly, the first sentence Ryan said was different from everyone. His slightly hoarse words were bitter, and he began to introduce himself in this way.
Putting down the resume that was meaningless, Zhou Liwen looked at Ryan with interest: "You said you were an independent securities investor before? Is there something wrong to...?"
"That's right!" the other party did not avoid it and nodded, "I was an independent securities investor more than a month ago, but now I'm bankrupt. As you can see, I'm a failed securities investor, so I can only work back to my old business, that is, traders."
"Bankrupt?" Zhou Liwen exchanged glances with Pang Yishan, who was sitting on the left, and couldn't help but mutter in his heart. It was a coincidence that when he was looking for a lawyer, he met Pang Yishan, who was once a lawyer, and now he was looking for a trader, but he met Ryan, who was previously a securities investor, and both of them experienced bankruptcy.
"I'm sorry, I'm a little curious. Can you ask you a question first?"
Ryan shrugged indifferently and said, "It's okay, please ask."
"I wonder if you have gone bankrupt? As far as I know, both the local stock market and the Wall Street market have been booming over the years. As a securities investor, it will go bankrupt under such a market situation? This is a bit incredible to me."
Ryan smiled and nodded and said, "Sir, you are right. The current market situation is indeed the case. Since the Southeast Financial Crisis, the stock market has been in an upward stage in the past two years, especially the Nasdaq Index has set new highs. In this case, let alone as a securities investor, it is easy for ordinary investors to make money."
After a pause, Ryan spread his hands helplessly: "However, the stock market is the stock market, and the ever-changing financial games are unpredictable. Even in a bull market, some people will lose money, and in a bear market, some people will make a lot of money."
"What you said makes sense, but the fact is indeed the case." Although Zhou Liwen is not a professional finance student, she has also studied the stock market. Ryan's words sound incredible, but they just pointed out the cruelty of the financial market incisively.
"So, why did you fail again?" Since Ryan knew the cruelty of financial games, how could he fall in the stock market like Pang Yishan? Zhou Liwen was even more curious about this question.
"It's up to people to succeed, but it's up to heaven to plan. Maybe it's because I'm not lucky." Ryan smiled self-deprecatingly, took out a bag of cigarettes from his pocket and signaled to Zhou Liwen. Zhou Liwen also picked up his cigarette box from the table and took one. Ryan nodded and took out a lighter to light it, and took a deep breath.
"Actually, the reason is very simple. I bet on the shorts." Ryan said calmly: "Since October last year, I have felt that high-tech stocks, especially Internet stocks, are very well-behaved. According to the international market conditions in recent years, especially the Nasdaq stock market, I believe that the price of high-tech stocks has risen to a very dangerous situation, with a large bubble. After a month of careful analysis, I am sure that my judgment is correct, so I judged that the current financial market will soon usher in a violent shock, and these high-tech stocks and Internet stocks are at the center of this storm. Once the entire market changes, the world will cause a chain reaction, and these stocks will fall from the high throne and fall into dust. The global financial market will also be greatly affected."
"You mean you think this market will plummet?"
"Yes, and it's not like, it's certain!" Ryan looked up at Zhou Liwen, and his eyes shone with an extremely confident light: "So, after making a judgment, I made a decision, that is, to short the stock market when everyone is optimistic that the stock market will continue to rise..."
According to Ryan, he began to invest his funds in the Nasdaq stock market and the Hong Kong stock market in late November, selling options with five times leverage to gamble. But the reality is not as he judged. Although the entire market fluctuated before Christmas from November to December, the overall market was still rising. Due to the rise of the stock index, Ryan, who was betting on the decline, fell into trouble. In this case, he had only two choices, one was to add funds to avoid closing positions, and the other was to close the positions immediately and go long. However, Ryan, who was too confident, did not choose the second option, but continued to invest additional funds, and even continued to sell options with ten times leverage.
However, after New Year's Day in 2000, the market situation was still completely opposite to what he expected. Whether it was the Nasdaq stock market or the Hong Kong stock market, it was still rising tenaciously. You should know that every little increase in the stock market, Ryan would suffer huge losses, and his sufficient funds were consumed little by little in this huge millstone. Until finally, when all his funds were exhausted and he could no longer add margin, everything was like a balloon that was blowing bigger and bigger and bigger suddenly exploded.
"Bang!" Ryan gestured in his hand, and the sound of an explosion was simulated in his mouth. He shook his head and smiled bitterly: "In this way, I was forcibly closed by a brokerage, and all the funds were gone, and I was not aware of it. From a rich man to a bankrupt unlucky guy, this is my story, the story of a failed securities investor."
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Chapter completed!