Chapter 2: Is the Price Limit Really High? That Kid Has Something
Fang Hong carefully selected a stock from the main board of the Shanghai Stock Exchange. Once he bought his full position, the market had already closed. Without wasting any time, he switched the interface to check his portfolio details.
[Current Position: Xinhuajin (600735)]
Shares Held: 1,700
Average Purchase Price: ¥4.91
Current Market Price: ¥4.96
Total Market Value: ¥8,432
Daily Profit/Loss: -¥852.02 (-9.79%)
Unrealized Profit/Loss: +¥85 (+1.01%)
The significant daily loss of over ¥800 was due to the sharp declines in the three stocks the original owner previously held. However, Fang Hong's newly acquired shares in Xinhuajin were already showing a slight profit, nearly hitting the lowest price of the day with a 1% gain. This confirmed his belief that his entry point was at the stock's lowest level for the day.
Next to him, a fellow trader had opened a gaming platform, engaging in a 3v3 StarCraft match. While waiting for the game to start, he casually glanced at Fang Hong's screen and couldn't help but comment,
"Brother, you're bold. Why would you buy this kind of stock? And you went all-in? This thing plummeted from over ¥17 to ¥3.9—an insane 77% drop! Now it's just attempting a technical rebound. Didn't you notice the resistance at the 30-day moving average? Are you betting on a breakout?"
Fang Hong responded with a confident smile, explaining simply,
"You could say it's a bet on a breakout. My logic is based on technical analysis, volume trends, and price movement. If my calculations are correct, this stock will see a surge in late trading, attracting a large number of short-term traders. There's a strong possibility of a limit-up tomorrow, and if market sentiment is favorable, this rebound could push the price to around ¥7. We'll see how it unfolds, but I aim to catch the first wave."
The guy hesitated for a moment. Fang Hong spoke with such clarity and expertise that he wanted to argue, but in the end, he held back. His game had started, so he turned his attention back to playing.
Fang Hong, on the other hand, closed his trading software, logged off the internet café's computer, and left to return to his university.
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Xincheng University – Summer Vacation
Xincheng University had just begun its summer break, but Fang Hong had no plans to return home. He decided to stay in the city.
Upon reaching his dormitory, Room 303, he sighed. He didn't have much money at the moment; otherwise, he would've chosen to live off-campus. Since he wasn't going home for the summer, he needed to apply for extended stay permission.
He refused to touch the funds in his trading account. With limited capital and a ¥330,000 debt from the previous owner, his primary goal was to resolve it within two months—right around the end of summer vacation.
To turn ¥8,700 into ¥330,000, he needed to achieve a 3,700% return within the break. Essentially, he had to hit the daily limit-up every single trading day.
A daunting task? Maybe. But Fang Hong had complete confidence.
At the moment, he was the only one in the dormitory; the other five roommates had already left for the holidays. Based on the memories of the original owner, the names of his dorm mates were: Sun Xin, Lou Gaoyuan, Xu Jingren, Yuan Jie, and Wang Ping.
Although Xincheng University wasn't a top-tier 985 or 211 university, it still had a decent reputation. The original owner of his body had solid academic performance, majoring in Computer Science—the same as his roommates.
According to his inherited memories, these five roommates were ambitious, planning to start a technology company together after graduation. Fang Hong thought for a moment.
"This is perfect."
Sitting on his bed, he murmured to himself,
"It's July 2008. Last year, Steve Jobs launched the first-generation iPhone at Apple's keynote event. That iconic slide-to-unlock moment officially opened the door to the mobile internet era. In two years, the iPhone 4 will ignite a revolution."
A thought flashed through his mind, and suddenly, a "Social Fame System" interface appeared before him. After considering for a moment, he nodded to himself.
"I need to seize this moment and become the godfather of the mobile internet era. That will skyrocket my influence and reputation."
But how?
Simple. His roommates.
They were young, eager, and brimming with ideas. Their goal was to establish a tech startup—something Fang Hong could fund and guide.
"Xu Jingren and the others are just college kids with dreams. But to me—someone who has spent decades navigating the capital markets—they're as naive as rabbits. Guiding them will be effortless."
His plan was clear: He wouldn't be the one running the company. He would be the boss.
They would handle development, while he would provide funding, vision, and market direction. With his financial backing and strategic insight, their company would rise fast—without outside investors eating their profits.
"When school starts, I'll have them launch their startup while continuing their studies. I'll fund everything."
Now, all he needed was money—the startup capital for their venture.
And for that, there was only one way: "harvesting" profits from the stock market.
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Internet Café – A Curious Spectator
Meanwhile, the guy who had been playing StarCraft at the internet café—Cao Chenghui—was about to log off after an intense session. A stock market enthusiast, he had been trading for over a decade.
Having entered the market in 1998, he had witnessed the 1999-2000 bull run and the epic rally from 2005 to 2007, where the market hit 6,000 points.
At the peak of last year's bull run, his net worth had reached ¥1 million, a fortune in this era. However, greed had been his downfall. As the market crashed, he watched his wealth evaporate.
At 4,000 points, analysts encouraged long-term investors to start buying again. He had almost mortgaged his house to buy the dip—until his wife threatened to divorce him.
Looking back, he thanked his wife for stopping him. If he had gone through with it, he might have lost everything.
Even now, despite cursing the stock market, he continued trading in secret—using only his private savings.
As he was about to log off, a sudden memory hit him:
"Wait… That kid at the internet café earlier—what did he say?"
His mind replayed the conversation. That young trader had confidently claimed that his stock would hit the limit-up by the end of the trading day.
Cao Chenghui's curiosity spiked. He quickly opened his stock market tracker.
"What was the stock's name again? Something 'salary'... No—Xinhuajin!"
He entered the stock code and pressed Enter.
In seconds, the stock chart appeared on the screen:
Xinhuajin closed at ¥5.46 per share, up +10.08%—hitting the daily limit.
Cao Chenghui's eyes widened in shock.
"F***! He was right?! That kid really has something!"
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