My Fintech Empire

On Friday, October 10th, Zhongxin Securities opened sharply lower, and the call auction gapped and opened lower by -7.20% at a price of 19.60 yuan, falling below the 20 yuan price mark.

However, after the opening of the market, Zhongxin Securities directly rebounded and pulled up, and then there was a step back, but it did not step back and fell below the opening price before pulling up again, and began to fluctuate upwards all the way.

Fang Hong intervened in the first tranche of 500,000 yuan at the opening call auction, immediately intervened in the second tranche of funds for a half position, and when he stepped back near the opening price, he put in all the remaining bullets and filled the position again.

In the end, the average transaction price was 19.66 yuan, and 4988 chips were received.

After the market closed, Zhongxin Securities’ daily K-line today showed a positive line with bare feet and eyeliner, but it was actually because the opening price was lower than the closing price, and the closing price was a true negative and a false positive. It closed down -2.27%. The stock price stayed at 20.64 yuan.

However, Fang Hong’s bargaining chip for intervention is still in a state of profit, with a daily floating profit rate of +4.98%, and a profit of 488,800 yuan.

After the market closed, Fang Hong glanced at the total assets of the securities account. Now it has reached 10,294,900 yuan. He stretched himself quite comfortably and said, "Finally reached the order of tens of millions."

...

Monday, October 13.

Today is the first trading day of the new week. Fang Hong continued to operate Zhongxin Securities, which opened slightly higher by 0.78 percentage points today.

One minute after the market opened, a turnover of 140 million was traded, and Fang Hong also ran away immediately after the market opened, and his stock price quickly fell back to the position of -4.46% within half an hour before the market opened.

At this time, Fang Hong intervened again, and the average transaction price was 19.80 yuan.

In the early trading, it basically maintained a range of -2% to -4%. Until the opening of the market at 13:00 in the afternoon, Zhongxin Securities was stimulated by the positive news during the noon market break, and began to increase in volume. Near the end of the day, it even rose to 22.70 yuan Hit the daily limit.

However, it finally closed at the price of 22.68 yuan, which failed to seal the daily limit, but it was also close to the daily limit price.

Fang Hong fished it back near more than 4 points underwater. This operation has made a lot of money. The floating profit in the day is +14.54%. After the total assets broke 10 million yesterday, today's daily profit has exceeded 1 million, reaching 149.68 ten thousand yuan.

At the same time, the total account assets also reached a new high of 11.7917 million yuan, and the cumulative rate of return reached +18474.94%. The curve of the benchmark market in the same period was directly pressed against the zero axis of the statistical chart and almost stuck.

And Fang Hong's account income curve is almost close to the right frame of the window all the way north, presenting a "√" hook shape, because the account was previously operated by the original owner, and there was a record of plummeting.

In about three months, the income level has exceeded 184 times, and the wealth rolling under the compound interest effect is like a snowball, growing exponentially!

In the end, Fang Hong turned off the market software and thought to himself: "Xu Jingren and the others should have almost finished the product..."

Fang Hong left the Binhu community, went to the studio of Quantum Beat to see the progress, and then prepared to let Cao Chenghui take the lead to start the angel round financing for Quantum Beat as an angel investor.

...

Just as Fang Hong was going to Quantum Beat Studio, at the same time in Xinhong Securities Company, Zhang Qi, one of the vice presidents, was paying attention to him.

"Mr. Zhang, according to Fang Hong's recent operation data, he seems to have changed his previous trading style." Zhang Qi's assistant said.

"Changed style?" Zhang Qi was slightly curious.

"Yes, he used to do ultra-short-term trading of small-cap stocks within a day, but the data of the last few trading days shows that he has been operating on the target of Zhongxin Securities." Zhang Qi's assistant nodded and answered.

Hearing this, Zhang Qi pondered for a moment and said: "Have you started to operate large-cap stocks with high liquidity, but the adjustment is very fast, and the amount of funds has increased, and the style has also switched. It seems that his profit model is not single."

In the market, as long as you can master a model, it is enough to make money, as long as this model can make money in the market.

As for Fang Hong, there is obviously more than one type, and the amount of funds at different levels must fit into different models, otherwise it may cause losses.

At this time, Zhang Qi's assistant added: "However, this person's style has changed, but his buying and selling points are as sharp as ever. Look at Mr. Zhang. At this time, in the last four trading days, he has traded on Zhongxin Securities. Arbitrage operation. The stock has risen by +1.80% in the past four days, but this person has made a +29.62% rate of return in the past few days, and the scale of funds has reached 11.79 million yuan."

Zhang Qi looked at the data handed over by his assistant, which contained the details of Fang Hong's securities account operation and delivery orders in recent days.

"This scythe is really sharp, tsk tsk tsk... This kind of investor should be banned from entering the market, let him continue to play like this, and he will make all the money in the A shares!" Zhang Qi shook his head and expressed emotion laughing and teasing.

The prohibition of entering the market must be a joke. Players like Fang Hong are definitely the favorite of brokers, and they like customers like him the most. The frequent short-term operations and the increasing capital scale mean that the brokerage The handling fee will be charged more and more.

The current handling fee and stamp duty have been greatly reduced, but this has nothing to do with brokerage institutions. Brokerage firms mainly rely on commission fees to make a living. The current handling fees of brokerage institutions are around 1/1000 to 3/1000.

As for commission fees as low as "free five in case" or "free five in ten thousand and five", it is impossible in this era, and the current securities industry is not as thick as it will be ten years later.

At present, the funds in accounts below 100,000 yuan are charged three thousandths, and Fang Hong’s account was previously negotiated with the brokerage for three thousandths, which means that he has to pay the brokerage a 0.3% handling fee for one transaction. The back and forth is 0.6%. In other words, according to the current amount of funds, Fang Hong only needs to change hands once, and he has to incur a transaction cost of 70,000 yuan, not including stamp duty.

How can a broker not love such customers?

In fact, Fang Hong can now have a discussion with Xinhong Securities. It is definitely no problem to reduce the handling fee to 0.5 per thousand, but he did not do so. In a sense, buy yourself an insurance policy.

Fang Hong knows that his current identity lacks background is the biggest problem. To put it bluntly, he just has no background!

At this time, you need to use your brain more.

If you don’t talk to Xinhong Securities about adjusting the handling fee, then this brokerage will definitely love it. Now that it reaches 10 million, it can collect 70,000 commissions per day. What if it is 100 million? That is a commission of 700,000 per day.

If calculated based on the trading volume of 100 million, with Fang Hong's short-term style, about 250 trading days a year, the commission alone can collect 175 million, which is definitely an astronomical figure.

Which brokerage does not love such a big client? It is also certain that such a high-quality customer will not be easily disclosed to the outside world. Being poached by a fellow brokerage firm is definitely a major loss, and this can also avoid some potential troubles and risks for Fang Hong.

In fact, Zhang Qi has revealed it to Hua Yongming, the head of Huayang Capital.

"Continue to pay attention to this customer, but don't bother him, let alone recommend any products for him. The most important thing is to let the customer's sales department not take the initiative to spread the word everywhere. If you are poached for this reason, just call him Get rid of the person in charge of the sales department." Zhang Qi put the materials aside and ordered.

"clear!"

...

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