Chapter 36: The Comfort of a Big Ticket
The daily limit on the stock market today marked a historic moment in the history of A-shares. After a prolonged period of decline, the market finally achieved a full limit-up, a feat that had only occurred once before—on October 23, 2001. That was the first time in A-share history that the entire market hit the daily limit.
Today, Zhongxin Securities, a stock held by Fang Hong, surged to the top of the leaderboard, adding a floating profit of 542,700 yuan to his account. This pushed his total assets to an impressive 5.934 million yuan.
For those who missed today's rally, there was no room to maneuver. The market opened more than 9% higher, and with over a thousand stocks hitting their daily limit, anyone who sold today would struggle to buy back in. The market was like a fast-moving train—once you got off, there was no getting back on.
The surge in the market sent stock forums and exchange groups into a frenzy.
> "Damn it! I sold off my shares yesterday, and now I regret it!"
"I saw Zhongxin Securities gaining momentum yesterday afternoon, but I was too afraid to enter!"
"My hands are still shaking from missing this chance!"
"As expected, you have to listen to the so-called 'experts.' They said the index wouldn't drop below 2000 points, and yet here we are. Every time it breaks a critical level, the market makes an explosive move."
"Following experts in reverse is the real strategy—buy when they say sell, and you'll be living in a luxury villa soon!"
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At Cao Chenghui's Home
Cao Chenghui leaned back in his chair, satisfied. "Did you see that? The market hit the daily limit today. Our account gained 210,000 yuan—can you relax now?" He turned to his wife while glancing at the live chart of Zhongxin Securities on his screen.
After a moment, he added, "Remember this: If you ever meet my young boss in the future, be polite. Don't underestimate him just because of his age. That would be a big mistake."
His wife nodded silently. She had no doubts anymore.
"Alright, let's celebrate with a big lunch today," he said nonchalantly. His wife rolled her eyes but quickly got up to buy fresh ingredients from the market.
After checking his portfolio one more time, Cao Chenghui logged into his Tianya Forum account, 'Weathered Salted Fish'.
"It's been a while since I posted. Time to show off again," he muttered, cracking his knuckles. "Zhongxin Securities traded billions today—no way those reading my posts can still believe that Team Guo Jia didn't step in."
With a smirk, he typed out a post:
> [Short positions rested for half a month. Yesterday, I went all-in on Zhongxin Securities at the daily limit. With the market crashing to 1800 points, there was no hope left unless the regulators stepped in. Seeing last night's news, I bet on their intervention—and I was right.]
He attached a screenshot of his trading records for proof and clicked post.
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Online Reaction
Within minutes, replies started flooding in:
> "Holy sh*t, you're a god!"
"Absolutely legendary!"
"Zhongxin Securities was at its lowest limit yesterday, and you dared to go all in? Insane!"
"The Wind God has returned!"
"Did you really make such a massive move as soon as you came back?"
"If this follows your previous strategy, you should have sold today already, right?"
"Looks like another one-day pump-and-dump like the stamp duty cut in April."
Cao Chenghui scrolled through the comments, feeling utterly satisfied. Nothing felt better than being admired online.
One user asked whether he had sold already. Cao Chenghui instantly replied:
> [No. My target for Zhongxin Securities in this wave is 24 yuan. I won't sell before we reach that level.]
That reply set off another wave of comments:
> "Boss replied!!!"
"24 yuan? Are you serious?"
"That means at least three more limit-ups!"
"Is Big A really reversing?"
"Damn it, I should have bought yesterday instead of panicking!"
"No wonder he didn't sell today!"
"Master, please take me as your disciple!"
"Why aren't you answering private messages?!"
Cao Chenghui chuckled to himself. "No way I'm taking disciples. If I do, they'll find out I'm just bluffing."
What he didn't realize was that his Tianya Forum ID, 'Weathered Salted Fish,' was already spreading like wildfire in stock trading groups and communities. His latest post was being shared across multiple forums, rapidly boosting his reputation.
Meanwhile, at his university, Fang Hong noticed a sudden spike in his reputation points, accumulating over 800 achievement points in an instant.
Checking the source, he smirked. "Cao Chenghui must be showing off again. Good, good. Keep it up—the boss approves!"
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Monday, September 22
After a weekend of excitement, the new trading week began.
On this Monday morning, Big A opened with extreme bullish sentiment. The index gapped up by 8.03%, reaching 2,241.72 points. In just two trading days, it had recovered the key psychological levels of 1,900, 2,000, 2,100, and 2,200 points.
By mid-morning, the market surged to 2,269 points, up 9.37%, seemingly on the verge of another full-market limit-up. If that happened, it would be a record-breaking moment.
However, just before 10 AM, the momentum faltered. The market reversed sharply, failing to sustain the rally.
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Fang Hong's Move
Skipping class again, Fang Hong sat in front of his computer, watching Zhongxin Securities closely.
At 10:30 AM, he sold his entire position, securing a profit of 596,000 yuan for the day.
Within three minutes of his sale, Zhongxin Securities' daily limit collapsed. The stock plummeted as panic set in, dragging the broader market down with it.
By 10:40 AM, the stock price had dropped to 19.10 yuan, reducing its gains to +6.82%.
Fang Hong struck again.
He reinvested his entire capital of 6.59 million yuan, acquiring 3,419 lots of Zhongxin Securities. The stock's total turnover had already hit nearly 4 billion yuan, and it was on track to exceed 5.5 billion yuan by the end of the day.
At 11:00 AM, the stock rallied again, briefly hitting the daily limit with a massive buy order of 640 million yuan. However, resistance was fierce, and it took over 20 minutes of intense long-short battles before the stock finally sealed its limit-up position for the second day in a row.
Before the final breakout, Fang Hong had sold and re-bought, executing a T+0 trade for an extra 194,800 yuan in profit.
By the end of the day, his intraday return stood at +13.32%, bringing his total profit for the day to approximately 790,000 yuan. His account balance now stood at 6.7248 million yuan.
Leaning back in satisfaction, he muttered, "Big stocks are still the most comfortable to trade. High volume, strong momentum, and plenty of room to maneuver."
After closing his trading software, he headed out for lunch, planning to attend class in the afternoon—just for a change.
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