Chapter 12 - 11
Upon returning ho, Yuuji took a quick bath, did his assignnts, and checked the status of London Gold for his investnts in his laptop.
...This much increase. Seems like I underestimated the proficiency I got from the Chat Group.
While he knew that gold rates fluctuate greatly on a daily basis, he still didn't expect it to change this much. This must be why his instincts told him to start with London Gold yesterday.
An increase of $10... aning if I sell it now, I can get a $1000 return.
With the $100 dollars his mother gave him and the 100 tis leverage he used to buy $10,000 worth of gold, an increase in $10 would an a profit return of $1000.
(AN: Leverages, as explained in previous Chapters, are used to "leverage" or increase the buying power of investor, allowing them to buy more goods and thus, increasing the profit margin. In turn, it also increases the losses the investor would suffer in case the value of the stock or gold they invest in decreases.
I'm still learning about these investnt types as well, so if you're knowledgeable, please don't hesitate to clarify the info in the comnts. Would love to learn more about them.
Keep in mind that most of the numbers here are purposefully exaggerated and the info are simplified for story purposes. But, I still try to make it realistic as much as possible.)
Yuuji deliberated for a mont. A profit return of $1000 was already beyond his expectations. In just a day, he had surpassed the goal his mother set for him by far.
If he held on, perhaps he could gain even more profit tomorrow. But sohow, he didn't feel comfortable with it.
...Mm, I should trust my feeling and sell it for now.
In the end, he pressed the sell button on all the contracts he bought for $10,000 and received the $1000 in profits to his account.
Yuuji let out a sigh of relief. It was as if a weight has been lifted from his shoulders.
Looking at his account, he couldn't help but feel a bit proud and excited. This was the first ti he had this much money in his account, and it was the money he made himself! $1000, which is equivalent to around 100,000 yen, was sothing a normal first-year highschool student like him wouldn't be able to dream off!
Soon, the excitent and pride quickly turned into determination. His proficiency in Investnt had been proven. His dream to give his family a lavish life without worry was no longer just a dream.
He could turn it into a reality. And with this seed money and his investnt proficiency, he could gain even more.
Alright. Let's use this money to do so active trading!
(AN: Active trading, or day trade, is buying and selling stocks on short-term price changes to profit from those slight price movents.)
Since he felt uncomfortable putting them back into London Gold, for now, Yuuji decided to use the stock market software on his laptop to buy a few stocks from various companies and then sell it a little while after when the price rose.
He wanted to test the limit of the proficiency he received from the chat group, so instead of "scalping
Reviews
All reviews (0)