Chereads / "Super Stock Trader" / Chapter 11 - Chapter 011 Opportunity

Chapter 11 - Chapter 011 Opportunity

At the opening, many stocks were quite active.

Chen Wei found several good opportunities, made a few trades, and earned a few tens of dollars.

However, he didn't find the kind of opportunity that warranted him unleashing his skills.

Chen Wei wasn't in a hurry anyway; it was still early until the closing bell.

With patience, Chen Wei switched between stocks one by one. Whenever he found a good opportunity, he made a trade.

He didn't put in heavy positions, just a few tens of shares each time. It wasn't much profit with ten or twenty shares, and the losses were also not significant with thirty or fifty shares.

After two busy hours, he had only made a little over a hundred dollars in profit.

Chen Wei shook his head. Stocks like IRS from yesterday weren't encountered every day. Most of the time, it was like today, where making one or two hundred dollars was considered good.

Glancing at Zhou Yi's side, he saw that Zhou Yi had also only made a little over a hundred dollars, apparently not finding any good opportunities.

Zhao Yang came over for a walk, glanced at what the two were doing, didn't say anything, then strolled around to see what others were doing. Finally, he stopped behind a trader, frowned, and asked, "Why are you losing so much?"

That trader's name was Wang Zhaoguo, who usually didn't miss a chance to ridicule Chen Wei behind Zhou Yi.

Now, scolded by Zhao Yang, Wang Zhaoguo could only nod and say, "I thought this stock would rise, so..."

"Your thoughts! Are your thoughts reliable? This is obviously a bearish stock, and you actually went long at that position! Not to mention, after losing this much, you still didn't cut losses. Are you planning to hold until the market closes?" Zhao Yang's mood didn't seem good today. It was unclear how much money Wang Zhaoguo had lost, but he received a harsh scolding from Zhao Yang.

Wang Zhaoguo kept his head down, saying nothing.

"Cut your losses immediately!"

Zhao Yang shouted again.

Reluctantly, Wang Zhaoguo pressed a key on the keyboard to stop the loss.

"Stop trading for today. Go see how others are trading! It's been three months, and you haven't even learned the most basic thing of cutting losses. Useless!" Zhao Yang scolded and walked away.

Wang Zhaoguo, with a gloomy face, stood up, moved his chair, and came to Zhou Yi's side. He whispered, "Brother Zhou, let me follow your trades."

Zhou Yi glanced at him, nodded, and said nothing.

Wang Zhaoguo was about to sit next to Zhou Yi, but after some thought, he moved to the other side and sat between Zhou Yi and Chen Wei.

After sitting down, with a hint of embarrassment, he smiled at Chen Wei and called out, "Brother Chen."

Chen Wei gave Wang Zhaoguo a wry smile but didn't say anything to ridicule him, especially since he had just been scolded by Zhao Yang. Chen Wei turned his head and continued switching between stocks, searching for opportunities.

In the past, if Wang Zhaoguo had tried to get close to Chen Wei like this in front of Zhou Yi, Zhou Yi would have definitely been displeased. However, today's Zhou Yi seemed different. Probably the loss from yesterday had changed his mindset. He didn't criticize Wang Zhaoguo and even comforted him, saying, "It's okay, it's just losing some money. Don't take it too hard. Zhao Ge is like that. Didn't he also scold me yesterday?"

Wang Zhaoguo felt slightly better, nodded, and said yes.

Chen Wei looked at Zhou Yi in surprise, thinking this guy was acting different today. Previously, he wouldn't have had the patience to explain things to others.

After a moment of contemplation, Chen Wei stopped paying attention and continued switching between stocks.

After switching several stocks, Chen Wei finally found a good opportunity.

For CASI.

The current price was between 4.29 and 4.30.

On the buy side at 4.29, there were tens of orders in various channels. But on the sell side at 4.30, there were three large orders of five hundred shares each!

The orders were in NASD, EDGX, and ARCA channels, and there were also three large orders of five hundred shares each at 4.40 and 4.50!

This was interesting!

Chen Wei wasn't sure what these large orders were, but having large orders meant there was an opportunity!

Whether to scalp or follow, both were possible. Specific operations depended on the situation.

Chen Wei carefully observed the chart. The opening price was 4.3, and the lowest price had dipped to 4.25. After two hours, despite the large orders on the right side, it had only dropped by five cents. It showed that this stock wasn't easy to fall.

It was likely to break through these large orders on the right side!

Chen Wei immediately placed fifty shares of limit buy orders at 4.25 and 4.27.

Seeing what Chen Wei was doing, Wang Zhaoguo turned to Zhou Yi and said, "Brother Zhou, CASI."