Victory in Life
Chapter 542
"Keep increasing your position. Use the funds you just obtained to form a chain of pyramid positions," Jasper suddenly spoke.
The futures market has a very unique trading rule, that is, investors are allowed to buy futures with the profit they earn if any even though they have not closed their positions.
On the one hand, this greatly increases their profits. But at the same time, it also adds to their risk.
For example, after a total revenue of 1.48 million with a capital of 800,000, Kai made a profit of 680,000. He could use his profits to buy more futures markets.
However, doing so means Kai is putting himself at a higher risk.
After all, when the price drops beyond the position line, then Kai must finally liquidate as well.
Jasper's instructions made Kai's heart beat in his chest.
While he was afraid of risk, Jasper had also just shown his skill. Therefore, Kai stopped hesitating and clenched his jaws, doing as Jasper instructed.
Next to them, Samuel scoffed. "What kind of stupid "tactics is this? I've never seen anyone so scared to death like you. You have to liquidate when the price drops 500 Somer Dollars if you buy now.
"Listen to my advice, Jones. Just close your position. Go now and you still have a profit of 680,000. Or you'll lose that 800,000 in a minute."
Already tense, Kai gets angry easily. He coldly replied, "I don't need your opinion on how I should use my money."
Kai had already completed the buying process by the time he finished speaking.
After that came Samuel's sarcastic comments while Kai and John watched in horror as cotton futures prices continued to rise steadily.
There were slight jumps and drops, but the price remained at around 16,000 Somer Dollars all the time.
It was around noon when Jasper stood up to stretch his body. "The market is resting. Everything else will continue in the afternoon. Let's eat first."
"You don't want me to feel good thinking about how you're gonna pay me six million Somer Dollars this afternoon."
Kai glared at Samuel coldly and turned to Jasper. "Should we have lunch at a nearby hotel, Mr Laine?"
Jasper shook his head while smiling. "It's okay. I don't have a habit of going out while trading, so order a pack food to the office. Have someone send three servings of food, please."
Kai dumbfounded. He was planning to treat Jasper with something delicious, so he was a little confused now.
Ordering packaged food looks like an apology meal.
However, John interrupted with a smile, "Listen to Jasper, Kai. Order a pack of food for three."
Kai glanced at the blushing Samuel at that moment and understood. Laughing loudly, he agreed. "good. I'll have someone order it."
Still, it was impossible for Kai to actually order a packaged meal, so he had an employee head over to the hotel and order a meal from there.
In no time, delicious dishes were placed all over the table that had been put together in the office.
However, there were only three sets of tableware even though there were four people in the room!
Seeing how Jasper, Kai, and John each occupied their own seats and started chatting happily with each other while eating.
Samuel paled with envy and anger. He was intentionally left out!
"How dare you treat me like this?!" Samuel shouted with his jaw tightly clenched.