4: Must be acquainted
At 9:30 AM, the A-share market officially opened, and the overall market started with a slight decline. However, Alex's holding, ShineGold Technologies, opened with a +1.83% gap up. After a brief pullback at the opening, the stock rapidly surged, reaching over a 5% gain within the first three minutes.
Alex checked a few other stocks he had recently added to his watchlist before switching back to ShineGold Technologies' order book. He remained silent, while George was getting excited, as it appeared that the stock was heading towards a limit-up.
However, the stock made a significant drop of more than two points, only to quickly recover and continue its upward trend. George couldn't help but steal a glance at Alex's composed face. Alex's calm demeanor amidst the market's fluctuations left George deeply impressed. The market's ups and downs seemed to have no emotional impact on him.
As time passed, around 9:50 AM, ShineGold Technologies began to surge, displaying a one-way upward trend. Five minutes later, the stock had risen over 8%, and it was still climbing.
At this point, Alex set a limit-up sell order. At 9:57 AM, ShineGold Technologies hit the limit-up at a price of $6.01 with a trading volume of $1.89 million, and Alex's order successfully sold.
However, the stock didn't remain locked at the limit-up; it re-opened within a minute and dropped to a +7.51% gain.
"Man, you're amazing, setting a limit-up sell order at the highest price. Impressive!" George complimented him.
"The stock is likely to re-lock because of the low trading volume. It needs more volume to sustain the limit-up," Alex explained.
This brought George into unfamiliar territory. He didn't quite grasp the logic behind this strategy but was even more intrigued. So he asked, "If you think it will re-lock, why sell? You mentioned a target of $7.00 for this stock yesterday, but it's hit the limit at $6.00 today."
George didn't understand why Alex was selling when there was still a potential 15-16% gain ahead.
Alex responded without hesitation, "If you don't sell now, the profit for the day will be limited. You can only make 10 points today. Ten points a day is too slow."
This response caught George off guard, leaving him momentarily speechless.
Meanwhile, Alex made another move. This time, he chose a stock from the Shenzhen Stock Exchange, ShineGold Technologies (000009). The stock had opened lower but quickly reversed, maintaining a near-zero change near its opening price.
Around 10:13 AM, Alex bought into this stock with a total volume of $4.33 million. He once again went all-in.
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[Held Stock: ShineGold (000009)]
[Number of Shares Held: 1800 shares]
[Average Purchase Price: $5.56]
[Current Market Price: $5.56]
[Portfolio Market Value: $10,008]
[Daily Profit/Loss: +$1,576 (+10.02%)]
[Floating Profit/Loss: +$1,576 (+10.02%)]
[Total Assets: $10,422.35]
[Accumulated Return: +21.19%]
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Notably, the +21.19% accumulated return referred to the data calculated from the point Alex took control of the account, which started yesterday. In reality, the account was still in the red, needing to earn more than $70,000 to break even.
Meanwhile, George also checked the price of ShineGold Technologies, and just as Alex had predicted. It had hit the limit-up, following the same pattern as ShineGold Technologies. It was evident that Alex was indeed a short-term trading expert, and a highly skilled one at that.
"Bro, what's your strategy for buying this stock?" George asked, curious and eager to learn.
"It's similar to the strategy for ShineGold Technologies." Alex replied concisely.
"Does that mean it's likely to hit the limit again? Will we see a consecutive limit-up tomorrow?" George was astonished.
"Yes, there's an expectation of consecutive limit-up moves, but it depends on how the market performs tomorrow. Let's take it one step at a time. Anyway, we've taken today's profit," Alex responded with a smile.
With that, he closed the trading software, prepared to leave the internet cafe. In the A-share market, he couldn't make any more trades that day.
As he was about to leave, George quickly asked, "Hey, buddy, can I add you on Instagram?" It was the perfect opportunity for George to get to know Alex better.
Alex smiled and nodded, "Sure."
After exchanging Instagram contact information, George asked, "By the way, what's your name? I'm George."
Alex replied, "I'm just called Alex, with no family name. You can call me Alex."
They successfully added each other as friends on Instagram, and after entering their respective contact details, George was delighted. "Bro, I've been in the A-share market for ten years, and someone like you, a short-term expert, is something I've never seen before, especially meeting in person. The A-share market seems like an ATM in the hands of experts like you. Please teach me a lot in the future!"
Alex humbly replied, "I've only been in the market for less than half a year. I wouldn't dare to teach someone with over ten years of experience, who has weathered multiple bull and bear markets. It's more about exchanging ideas."
George praised him, "You're too modest. I feel humbled. With your skills, I would've been rolling in cash by now."
After a brief chat, Alex bid farewell and left the internet cafe.
At the closing of the market at 3 PM, OriginalTech closed at $6.12, hitting the limit-up. Interestingly, it achieved this limit-up in the final minute of trading.
After the market closed, Alex's portfolio looked like this:
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[Held Stock: ShineGold (000009)]
[Number of Shares Held: 1800 shares]
[Average Purchase Price: $5.56]
[Current Market Price: $6.12]
[Portfolio Market Value: $11,016]
[Daily Profit/Loss: +$2,584 (+18.68%)]
[Floating Profit/Loss: +$2,584 (+18.68%)]
[Total Assets: $11,438.35]
[Accumulated Return: +33.00%]
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Although the A-share market had a 10% daily limit for price changes, Alex had managed to achieve returns well beyond that through intraday trading.
Shortly after the market closed, George checked OriginalTech and found that it had indeed hit the limit-up, following Alex's prediction. George was truly impressed. "You've only been in the market for half a year, but you're a natural-born short-term trader," he exclaimed. "If I could learn even a trick or two from you, it would be a great benefit."
George recognized that some individuals were simply gifted for this kind of trading. The stock market was their ATM, and there were very few of them. He was convinced that Alex was one of these rare talents.
"I must get to know him better!" George thought. Such opportunities were scarce and fleeting, and if he didn't seize this chance, it might never come again. Maybe Alex would become the influential person who could change his destiny.