how i bought the whole world

Chapter 05 With a New Teacher

I redeemed my watch and clothes from the pawn shop and moved in with Alfonso, who didn't want to leave such a cheap rental location, but he was elated when I told him we'd find more money making The and I helped out in Brooklyn.The law and order in this place is slightly better, and there are many Chinese restaurants. Sometimes we two big men don’t like to cook, so we just go outside to solve the problem.

Alfonso trusts me very much now, because I made him a lot of money. For this, he paid off his tuition fees and had money to go out to clubs. This was something he didn't dare to think of before, so he can't wait now. To conduct a second business in order to earn money for traveling.But I told him that selling coupons is not a long-term solution. With the end of baseball games and Yankee Stadium entering the rest period, the number of coupons will be greatly reduced. It may not be possible to pay tuition again, so Alfonso begins to worry again.

But I don’t think he needs to worry. There are actually a lot of business opportunities in New York. It’s already the first ten days of March. Starting from this month, many universities in the United States have given their students spring break, plus the Easter break, to come to New York. The number of tourists visiting the coastline is gradually increasing, and the weather is only 200 degrees at most, which means that most of them will be shivered by the sea breeze. At this time, if you can drink a cup of steaming coffee or tea, it is a wonderful enjoyment. What a pity Yes, tourists need to walk about [-] meters to reach the nearest store, and many tourists can't find a comfortable coffee shop because of their cold nose.

And that's our business opportunity.I bought a mobile coffee cart for Alfonso, and let him drive it on the beach to sell hot drinks, not only tea and coffee, but also hot chocolate, milk and hot dogs. Alfonso is also a self-taught Prepared waffles, topped with thick cream or chocolate sauce, each piece is a big portion, he invited me to taste it when he first made it, I thought it was too sweet and greasy, but I didn't expect this food to come out , was crazily sought after by girls.

Alfonso insisted on sharing the money earned here with me, the reason being that since I provided the car and equipment, he paid for it himself.But I don’t want to take advantage of him. The beach coffee cart was developed by him, including the later chicken fried steak and hamburgers. I asked a few questions about the business in the early stage, but then I just left it behind up.In fact, my intention was that Alfonso could just give me a few hundred dollars a month in rent, but the Italian disagreed. He decided to give me a quarter of the commission every month, which made me recognize this partner even more. conduct.

And what am I doing?At this moment, I have taken the recommendation letter of Joshua Smith and defected to the name of Tiffany Jonathan. At this time, I still don’t know how much help this old man can give me in the future. He almost changed my life. Let me finally no longer be a loafer with nothing to do.

The first time I saw Tiffany Jonathan, I knew he was a real old gentleman. His hair was always combed meticulously, and he was always wearing a three-piece suit, which he kept in his breast pocket. Showing a square scarf, fortunately he didn’t wear a tall hat, otherwise I would have thought he was a character who came out a hundred years ago. At first he was very rude to me because he thought I was recommended by Wolf Cub Smith. Later I explained He only occasionally gave me a good face because he knew his own intentions.

The relationship between him and Smith is also very awkward. He is Smith's distant cousin. When Smith began to decide to play stocks, Tiffany used his foresight to provide him with a lot of help.At that time, Smith really worked hard to become a qualified agent, but unfortunately, the good times didn’t last long. Smith’s company went bankrupt, and he couldn’t find a new job. After that, things were the same as what we see now, Smith manipulated the stock market with all kinds of salesmanship, started his own company, used smooth words to extract money from people, and finally took the road of crime.

"He's not going to end well," Tiffany said. "I warned him, but he didn't listen. He's spent so much money on his mansion, parties, and women, and now let him get away. And there is no hope of retiring. I heard he said that you used this to make him a partner, isn't it? You are still smart and did not join him. Otherwise, even if he came to ask in person, I would not accept you as a student .”

Tiffany knew of Smith's actions, but did not expose him, he still missed the old love.But we all know that Smith's empire is about to collapse, and he's just having one last hurrah before it collapses.After that, we had a tacit understanding and did not mention Smith. Tiffany gave me a pass to sit in on his class. He wanted me to take the class well and fill in all the theoretical knowledge I didn’t know before. , he also assigned me extra homework.

"Be a short-term trader first. Field, put away your theory of stockholders. I don't want to see any risky elements in it. I will first recommend you to practice in the New York Stock Exchange. You follow those traders. Learn to trade short-term and remember, don't invest with any fluke attitude, you are not smarter than other people."

I got kicked off to the New York Stock Exchange, where I turned into a minimally qualified trader, wearing an expensive suit, sitting there watching the stock market every day, but it wasn't the end, Tiffany gave me I subscribed to major newspapers and asked me to read the content every morning and evening, and then retell the key content to him. I became his new secretary, and his secretary no longer needed to call him.

"This is training your intelligence-gathering ability, Field, you'd better not have any complaints, and when you can easily distinguish the truth from the falsehoods of the newspapers and smoothly extract what you want from a pile of nonsense, you will be grateful Mine," Tiffany said.

"Of course I understand," I replied, "Sir. I appreciate everything you have done for me."

This kind of dialogue is only a small part of daily life, and its role cannot be reflected for the time being, but I know that I will benefit endlessly in the future.Tiffany is really teaching me his skills. The research and knowledge he has spent most of his life are treasures beyond the reach of others, but now all these things are instilled in me.

Half a month after entering the New York Stock Exchange, Tiffany finally allowed me to work independently as a stock trader. On this day, I solemnly wore my best suit and sat in front of the computer on the trading floor waiting for the stock to open , Tiffany patted me on the shoulder before that, "Good job."

I am very grateful for the opportunity he gave me, and I decided to take this opportunity to sharpen my skills, but at first I was in a hurry, looking at quotations and orders, and I was so busy that I was dizzy. A stock trader has to deal with hundreds of stocks for the company every day. , This work is completely different from that of ordinary stockholders. When you are a stockholder, you can hold this stock for several months without trading, but in Wall Street companies, it is impossible to keep these stocks overnight.You have to buy them when they are low and sell them when they are high, generally traders will sell when stocks are up two or three cents, the profit is not huge but the base they are trading on Big, large quantity, and some profit in the end.

But trading stocks is not always smooth sailing. After all, traders have a lot of orders to master, and it is impossible to pick and choose stocks as carefully as stock investors. At this time, it is necessary to test whether the trader has enough determination to close the position of this stock immediately.

Unfortunately, I made this mistake at the beginning.The stock of Ottoman Pharmaceutical Company is a stock with good momentum in my opinion. Its stock K line has been showing a fluctuating upward trend and rarely declines. Therefore, I stepped into the stock of Ottoman Pharmaceutical Company for the company without much hesitation. Buy it when it is at its lowest price, but I expect it will still have room to rise, but the increase is not large, so you need to wait patiently.

However, I was wrong in my calculations, and I was hesitant about what to do with the stock, which reversed in price immediately after I had just bought it and went down.Let's sell it, it's a bit of a pity, after all, my loss is not big at this time, and there may be a chance to reverse it waiting.But keep it, and the amount of my loss may increase all the time.

Then a voice came to me, "Field, sell that stock." It was Tiffany standing behind me.

I frowned. "Sell? But sir, it's only down three cents. Not a lot, is it? Maybe it'll be back up in a few seconds."

"Are you sure?" Tiffany looked at me. "What if it doesn't pick up?"

"Please take a look at its direction. Since this month, Osman has always maintained an upward momentum. Such a decline is not uncommon, but there will inevitably be a rebound after each decline. Our losses are not large, and we are worth the risk." I'm still stubborn.

But unfortunately, that stock fell even more quickly, from $9.81 to $9.74 per share. Such a loss was about to become unbearable for me, so I hurriedly sold this stock until now. Only then did I turn around and have time to talk back to Tiffany. "I'm sorry I miscalculated, sir."

He looked at me sternly, "Field, you have to remember one sentence, resolutely stop the loss, don't be greedy, when the stock you bought drops, even if it is a penny, you have to sell it to me immediately. I Again, a good trader must never let his stock be locked up, do you understand?"

I understood and felt a little frustrated, "Understood."

Tiffany shook her head, "Your voice is not loud enough, tell me, do you really understand!"

I took a deep breath, "I understand!"

Tiffany has always been a militarized madman, and he will not have no demands on me like my parents. He even stipulated that I must get up at six o'clock every day, and then run for an hour. Recreation above.Because as a stockman, he must be sensitive and careful about numbers, and he needs to have insight into what may happen in the next second all the time. If I don’t have the correct schedule, I may enter the exchange dizzily, and then face complicated stocks. The market makes mistakes frequently, which is absolutely not allowed.

In fact, in order to prevent traders from making mistakes, short-term traders have a prescribed loss limit. Once this limit is exceeded, his account will be locked and the transaction will be forcibly closed. The number of the limit is often the trader's daily average You can add 20.00% to the money you earn for the trading house, but for Tiffany, locking your account is simply unforgivable. It means that you did not make a correct decision this day. Shame, his students must not make such mistakes.

In just one day, I handled the transactions of [-] stocks by myself, buying and selling non-stop, earning when the price was low, and throwing away when the price was high.I have never made the mistake of stocks like Ottoman Pharmaceuticals again, but there are still many stocks that fall as soon as they are bought. This is normal to me. As a trader, the stocks you buy are not always good stocks, and there will be mistakes and risks.

"You earned $3000 for the company today, Field, your eyesight is fine, cheer up."

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