pjbooks Chapter 25 costs 3 yuan? Are you that worthless?
Chapter 25 costs 3 yuan? Are you that worthless?
"Wait, how did you get 30,000 yuan?"
"It's your coming-of-age ceremony. Look at these text messages. I've arranged six installments for you, the kind that pays interest first and then principal later. The interest on the 30,000 yuan will only be 600 yuan per month. Don't give me the 800 yuan; keep it to pay the interest."
Li Chao spent a long time getting it done, downloading more than a dozen software programs in total.
The main reason is that Qin Nuanyang is only eighteen years old and doesn't have a stable job, so the credit limits offered by those platforms are very low.
For example, Jiebei and WeBank only offer a credit limit of 1,000 yuan each, and the interest rates are ridiculously high, at 20%.
The other loans offered amounts of 3,000 or 5,000 yuan, with interest rates starting at 24%. If you borrowed 30,000 yuan, you would have to pay about 3,600 yuan in interest after six months.
At this moment, Qin Nuanyang realized what was happening.
"Are you trying to get me to take out an online loan? I'll kill you!"
Qin Nuanyang never imagined in her life that she would borrow so many online loans while she was in school.
If my parents find out, breaking both my legs would be the least of their worries.
In her anger, she grabbed Li Chao by the neck.
Li Chao quickly said, "Consider it a loan. I'll pay you back with interest later."
"What if you can't pay it back? You're going to use it to invest in stocks, and you might lose money in the stock market."
Qin Nuanyang had almost half her body pressed against Li Chao, pinching him, not wanting the situation to continue.
Li Chao said, "Didn't you say before that I would definitely get into Tsinghua or Peking University? After I got in, with so much prize money, you wouldn't be unable to pay back 30,000 yuan, would you?"
"What if you don't pass the exam... Pshaw, you'll definitely pass!" Qin Nuanyang finally let go of her hand at this moment.
Li Chao chuckled and said, "If I fail the exam, I'll become a live-in son-in-law and ask for a dowry to pay off my debts."
Qin Nuanyang said irritably, "You're another live-in son-in-law. Can't you be a little more ambitious? If it really comes to that, you don't have to pay me back. I can just save up the money slowly in the future."
"That won't do. It must be repaid."
"It's not like someone necessarily wants you to be their son-in-law. Maybe someone would want you if you got into Tsinghua or Peking University, but if you didn't, who would want you?"
"I don't want 300,000 or 500,000, I only want 30,000... Believe me or not, I can write a sign and hang it around my neck, take a stroll in the market and sell myself off?" Li Chao said this with a strangely arrogant tone.
Even if he had no money, with his age, looks, and height, he could definitely make money as a male model.
"Thirty thousand yuan? You're so worthless? If nobody wants you, I'll pay you thirty thousand yuan to keep you as my mistress, and then you'll do my laundry and cook for me every day."
"Fine, fine, if you really can't pay me back, I'll just sell myself to you. You can do whatever you want with me. If you're in a bad mood, you can even beat me up."
"Hehe, you said it yourself..."
Qin Nuanyang's attention quickly shifted away from online lending.
After a while, the two walked out of the family compound.
On the way, Li Chao said, "Tomorrow, transfer the money you borrowed today into your securities account, understand?"
"Okay, I understand."
Qin Nuanyang also studied it for a few days, and when she was bored, she found all the functions.
But then she suddenly remembered something and quickly said, "I didn't say you couldn't get into Tsinghua or Peking University. You have to get in. I was even thinking of giving me a new phone after you get your bonus."
"Okay, okay, no problem!"
Li Chao agreed to the latter request, but not the former.
After gradually entering the teaching building area, Qin Nuanyang took the initiative to separate from Li Chao and ran to the front.
As Li Chao watched Qin Nuanyang get further and further away, his mind was filled with the events of the day and the things Qin Nuanyang had said.
For example, Liu Min, in order to take care of his feelings and make him feel more comfortable while eating, would refuse to eat even when the food was prepared for him.
For example, Qin Nuanyang always hopes that good things will happen to him.
She doesn't seem to have considered herself at all?
Recalling Qin Nuanyang's actions in her previous life, although she always had an arrogant face and would always emphasize that she was spending her family's money, what was the reality? She never lacked living expenses, and even received several hundred yuan more on holidays and birthdays.
The only thing she had to bear was that this living allowance had to be obtained from Qin Nuanyang.
Li Chao even suspected that Qin Nuanyang went to a university with extremely high tuition fees just to make it easier for him to pay for the tuition. This was because the university was located within his own university, and it was an international college jointly run by his prestigious university and foreign institutions. The tuition was 16,000 yuan a year, and the accommodation fee was 4,000 yuan. After four years, he would not learn anything, and with living expenses, he would have wasted nearly 200,000 yuan.
Some things, you just can't help but think about them. The more you think about them, the more you realize that many things can't be measured by money.
……
The next day, Qin Nuanyang transferred the money into the account, while Li Chao did not make any changes, since the previous holdings were still there.
After the market opened that day, the price quickly rose to eight points above the water level. Li Chao held the position for a few minutes, and it took about ten minutes to successfully close the limit up.
The sealing speed was a bit slow, but overall it was acceptable.
Half an hour later, Li Chao took a look and found that the board had exploded.
However, after the price surged, it never fell below five points above the water level.
After thinking for a while, Li Chao simply went all in on the 30,000 yuan that had just been transferred in that day.
It wasn't until after 1 p.m. that the board was sealed again.
For the next hour or so, the price kept hitting the limit up and then crashing, eventually resulting in a day of consecutive days of poor price action.
The mood is very bad, and a lot of funds are fleeing.
In that case, there will be considerable selling pressure tomorrow.
After school, he went to Qin Nuanyang's house for another meal, and this time he seemed much more comfortable.
He plans to gradually let those around him understand his normal side, so that it won't seem so abrupt.
Before we knew it, it was Thursday, September 5th.
After the market opened, Li Chao decisively sold all his shares and left the market during the first upward surge, with a daily profit of less than one point.
Although it later surged to a high of four points, it had nothing to do with Li Chao anymore.
Yesterday's wrecked board could easily be buried today if you're even a little slow.
After that, Li Chao made no further moves. The market was not performing well in the short term, and with limited funds in the early stages, he wanted to try to gamble on some certainty as much as possible.
Arbitrage trading typically involves participating in the closing auction to minimize the impact of intraday market fluctuations. This also gives you the advantage of being able to exit the trade the following day, with a maximum loss of only four or five points.
However, things are not so certain when it comes to buying at the limit up. In this short-term sentiment, if there is a false breakout at the top, you might get dumped at the limit down and lose 19% of your principal.
When the afternoon closing auction began, Li Chao immediately placed a full order for Baoding Technology at its daily limit, waiting for the breakout stock to emerge.
Target company: Baoding Technology
Shares held: 6100 shares
Amount held: 51972
If I make a little more money, I can make up for the transaction fees.
After finishing his work, Li Chao sent Qin Nuanyang a message: "Contact the brokerage firm later and ask them to open a ChiNext account. You might need to sign a risk agreement. I'll help you with anything you don't understand."
Li Chao also realized a problem after reviewing the situation last night.
The next hot stock is a ChiNext stock, but Qin Nuanyang's account doesn't have permission to access it.
In a few months, once the registration-based IPO system is fully implemented in the A-share market, opening a listing on the ChiNext board will be much more complicated, requiring a mandatory two-year experience requirement.
Not at the moment, just signing a risk agreement is enough, which means you have to mail a contract.
It might not be necessary to mail it; it depends on the brokerage firm... Anyway, the stupid brokerage firm that Li Chao used, even in 2024, still makes people mail paper contracts just to change the fee rate.