Victory in Life
Chapter 541
In an instant, the price had already risen by 1,800 Someric Dollars. Not only did it surpass its previous peak, but it seemed to become powerful as it continued to rise.
"Good! Price's up!" John shouted in surprise.
Kai looked at the market. Not only were all his losses returned to his account, but he also earned several hundred thousand dollars.
If he were to sell the market, his 800,000 capital would be 1.48 million excluding procedural costs.
"It has been less than an hour since the market opened. In just a few minutes, less than 20 since I entered the market..."
Kai looked at Jasper in disbelief.
As a person who works in finance, he is no stranger to the stock market and the futures market.
However, despite working on it for so long, this was the first time he had known how much fun the futures market was.
In less than 20 minutes, he now had almost double his capital.
Even by printing money he could not get so much so quickly!
"How are you so sure that the price will go up?" Kai was astonished and completely impressed with Jasper.
His tone when asking the question was humble and polite as if asking for his teacher's help.
"Domestic cotton production has been growing these years, and this year's production accounted for 23% of the world's total cotton production."
Jasper clicked on the statistics on the official statistics website. Pointing to a report, Jasper spoke coldly, "So a 40% drop in cotton production this year will directly lead to the shrinking of cotton production worldwide."
"So we just wait for prices in the international stock market to rise. Funds and hot money will then flow towards the source of all these events, which is our domestic futures market."
Jasper chuckled before calmly proceeding, "If the country has enough funds to raise the price of cotton by 16% in about 20 minutes, how many do you think will increase when international funds come in?"
Jasper's words shocked the entire office.
After a long while, Samuel gnashed his molar and broke the silence in a furious voice, "You're just lucky this time!"
"He managed to turn a 98% loss in the account into a profit of double the amount lost in an instant. I'm pretty sure it's more than luck" John sneered at Samuel and spoke.
Samuel snorted silently, but he was secretly stunned by Jasper's ability to turn things around. However, he still showed a stubborn attitude. "Don't forget that Jasper should have gotten six million today, or he'll still lose."
Samuel glared at Jasper and sneered. "Don't look so happy so soon. Do you think the price can grow seven times as much as it originally did? What a joke!"
Jasper ignored Samuel and stared at the market changes on the screen in front of him. He tried to remember everything he could about this incident from his past life.
From what he remembers from his past life, domestic futures contracts have peaked at 23,800 for cotton prices. That afternoon, after the country reached an agreement with several other countries on the trade of cotton imports, prices began to fall in retaliation.
If this was a stock, then a huge amplitude in a day would definitely make a lot of money.
After all, shares bought today can only be sold tomorrow. It's the only procedure.
But the futures market is different. Buying and selling can be done at any time, regardless of the priority.
As a result, a large price amplitude will result in a large profit margin.