God of stocks chapter 436
Chapter 436 To the New World (3)
“It’s still hiring a new employee, but you have to see it yourself. Do you know again? Isn’t a pretty employee waiting in the conference room to see our representative?”
Hee-yeol Kim laughed and made fun of Lee Sang-hoon. Lee Sang-hoon grabbed Kim Hee-yeol’s hand and forcibly dragged Kim Hee-yeol to not enter and entered the interview.
At the interview, people who might have just worn juniors from other securities companies were sitting waiting for Lee Sang-hoon. Lee Sang-hoon looked down their resumes and said a little to Kim Hee-yeol, who sat next to him.
“I guess the situation is not very good. Even juniors are on the market.”
“Because I’m working hard to lose weight. There is no place like us that recruits experienced people on such a large scale.”
Lee Sang-hoon was considering hiring about 30 to 50 new people as the scale increased. When looking at the number of people released to the market, there was no place to select dozens of people at once, even though it was not a large number, so many experienced people on the market flocked to SH Partners, forming a munition.
Lee Sang-hoon listened to their introductions one by one and asked about their trading style.
Most of them were busy explaining the techniques they had learned in their respective securities firms and asset management firms, and some of them said that it would be any secret, and that they would talk in the absence of others.
Lee Sang-hoon selected such characters.
Anyway, it was Lee Sang-hoon who thought that the stock plate was a useless place after a hundred days. The basic trading method cannot be ignored, but the judgment that there is no secret and that the pattern changes from time to time has not changed.
Rather than this technique, it was more attracted to those who talked about interesting theories.
“When I am convinced, I rather trade in the opposite direction.”
Lee Sang-hoon turned his eyes to the applicant in the job application, which he was looking at at his words that caught his ears.
“When conviction arises, they trade on the contrary… … . Can I ask you an explanation?”
Lee Sang-hoon was interested in his words, which gave fresh answers to the boring interview. He talked with the thought that he didn’t know Erra, but he started talking with a slightly reminded face that he thought that there was hope for Lee Sang-hoon, who was unexpectedly interested.
“When individuals invest, they think of why they go wrong. I believe that one of the reasons individuals make mistakes when investing is when they are convinced of where they are entering.”
He spoke and looked at Lee Sang-hoon’s attention. Lee Sang-hoon nodded and raised his hand to make a gesture to keep talking. He was encouraged by the appearance and continued the story.
“I bought and bite this resistance spot with the conviction that I would awaken unconditionally, and I held it and bite it because I thought I would keep this support spot unconditionally… … . So I think the majority of people are broken. And I often tell them to change their view of the market or to learn a new technique, but I know how difficult it is to look at the market like that. Because people are stubborn, they cannot admit that they are wrong.”
Lee Sang-hoon stabbed Kim Hee-yeol, who was sitting next to him, with his elbow. This is because Kim Hee-yeol remembered the past when he couldn’t give up his point of view.
Hee-yeol Kim also told the interviewer, without turning his head, as if he knew what Lee Sang-hoon, who stabbed him, wanted to say.
“Please continue.”
“Yeah. So, I am also working for a company, but when I was convinced by looking at the market with the idea that it was not different from an individual investor, I decided to do the opposite. When I am convinced that it will fall, I buy it, and when I am convinced that it will go up, I sell it in reverse.
“Confidence cannot be quantified. How do you set the standard?”
“I can’t tell you with a shame, but don’t everyone have that idea? For example, a place where you feel comfortable when you go to bed.”
“Hahaha. That’s an interesting story. So how are your grades?”
“The grade wasn’t bad. I count it among the few who have seen big profits, but the losses are very small. I think it’s great that I didn’t get into a position where I thought I would support it unconditionally.”
“Why did you leave the company when your grades are not bad? I don’t think I walked out myself.”
The face of the interviewer who was speaking with courage to Lee Sang-hoon’s question turned red. I was excited to talk about it while showing interest, but it was because I had nothing to say in the words that pinpointed Lee Sang-hoon’s core. Lee Sang-hoon laughed at him.
“It’s okay, so tell me honestly why it came out.”
At Lee Sang-hoon’s words, he said again with courage.
“It seems like my trading laws were weird. In a way that is difficult to explain, I was sorted out to see if it appeared as a joke in the eyes of company executives.”
“It’s similar to the left-handed right-hand technique, so I enjoyed listening.
“Left hand right hand technique?”
Kim Hee-yeol, who was sitting together, looked back at Lee Sang-hoon and asked. Lee Sang-hoon nodded and said.
“This is a story I heard before. If you want to buy with the right hand, you sell with the left hand, and if the right hand wants to sell, you buy with the left hand.”
“Is there anything like that?”
“There is also a parrot technique, but is there a right-handed or left-handed technique?”
“The parrot technique? What is that again?”
“It is a technique to write the names of the top 20 KOSPI items in the box and ask them to see the parrot and then buy the companies selected by the parrot.”
“What kind of technique is that?”
Hee-yeol Kim looked at Lee Sang-hoon as if it were ridiculous, but Lee Sang-hoon said in a serious tone, as if it were not a joke.
“It’s a proven technique in the United States. It was once famous because it was published in a paper that the companies selected by Parrots outperformed the trading profits of well-known US fund managers.”
“What kind of… … .”
Kim Hee-yeol wanted to refute something, but he had nothing to say. It was because there was no word to say that the thesis has already been published in the United States and has been verified.
Lee Sang-hoon got up with a happy face and asked for a handshake to someone who had spoken a strange technique a while ago.
“It would be nice to work together. Please go out and tell our staff when you can go to work.”
“Yeah? Was it really me?”
“Yeah. Congratulations.”
Lee Sang-hoon shook hands and left the interview. Others entrusted Kim Hee-yeol to join the company by saying that they should see and organize themselves.
Hee-yeol Kim asked if it was okay to choose a person like that and threw a question towards Lee Sang-hoon, saying that it was strange, but Lee Sang-hoon reassured Kim Hee-yeol.
“Anyway, experienced people are just a difference in skill level, they’re all there. Because I was trained exactly as it is in the manual. It’s the same whether such people choose 10 or 100. But the friend I talked to a while ago is fun. I like fun people.”
“Hey, then what if I have an accident.”
“accident? Even if I bring chimpanzees, I can’t accidentally. If you missed 1,000, how far would you fall? 500? There is no tag. Unless Ohsung Electronics goes bankrupt, you can eat anything with your eyes closed at 1,000 under. Of course, if you buy an unpretentious stock, an accident may occur, but now we are not at the level of touching such unreasonable stocks. You don’t have to worry.”
“1,000 under? It’s 1,200 right now?”
“I have to wait for 1,000 because I have finished organizing. Didn’t I tell you last time? Are you coming to take a picture of a pair? As it is, there is a limit to raising it on the outside, so we can wait and buy it to come down to take a double floor. At that time, you take care of buying and selling. I’ll only see the big flow.”
“What are you doing?”
“I? I’m going crazy these days.”
Min Yoon-seo was chasing after the day was far away, asking when he was going to propose, raising his chin and looking at Lee Sang-hoon, so he couldn’t relax even when he went home.
The mountains were piled up with wedding-related magazines all over the house, and when I brought the dress home and tried it on, I was confused whether this was the house or a wedding studio.
When he accidentally calls Min Yoon-seo, his eyes open and he touches his clothes, as if he was expecting something, and Lee Sang-hoon couldn’t even ask for a tissue.
And Lee Sang-hoon lost his words when he said he was enthusiastic about prenatal education without even having a pregnancy test.
I was on the verge of being regretted that I was bluffed in front of Min Yoon-seo for nothing, but I also thought that I was cute because of what I sometimes see.
Lee Sang-hoon lost his energy and couldn’t afford to think about buying and selling while calming down Min Yoon-seo, who was shaking his ass saying he would hold a press conference on marriage every day. Lee Sang-hoon said to Kim Hee-yeol with a pathetic face.
“I think of a friend who is sold for wholesale money, so you should work hard.”
“Where are they being sold?”
“there is. Such a place.”
Kim Hee-yeol couldn’t dare ask, but only looked at Lee Sang-hoon’s face when Lee Sang-hoon looked at the air as if he had gained a moment.
Lee Sang-hoon waved his hand to Kim Hee-yeol if he had finished thinking.
“I go first. Don’t forget to buy again at 1,000. Even if I’m not there, it won’t be much if I keep it. Maybe sooner or later, the second investment will come in from Infiniti. Sweep that up and buy it. Since the amount is large, do not think that it will be entered at once, and do not forget to approach the installment purchase. … .”
“I know that too… … . Where are you going?”
“I need my own time too. Now my time seems to be running out, so I’m going to enjoy my time even now.”
Lee Sang-hoon, who took the car key out of his pocket, left the office after shaking the car key to Kim Hee-yeol.
After the index broke through 1,200, it was still showing a sharp increase and a sharp decline, and it was gradually descending along the 20th line that came down at a large angle.
In the United States, presidential elections were held, a new black president was elected, and there were talks of hope that he would revive the economy, but that story did not last long. The real economic indicators were still bottoming out, and indicators that directly affect the economy, such as the unemployment rate, showed bad results that far exceeded expectations every time so that it would make sense to announce the forecasts.
As a result, bank stocks in Korea also showed a sharp decline, threatening the 1,000 line again.
However, following the BOE’s record-cut rate cut of 150bp, the ECB cut it by 50bp, and Korea also cut the rate by 25bp again in 10 days. The market accepted the domino rate cut as a signal that the rate cut was not over yet, thereby slowing down the index’s decline.
“You will still fall out.”
Lee Sang-hoon thought when he walked out of the underground parking lot with his hand stabbed in his pants pocket.
In the end, it was highly likely that the current seat would be at the bottom. However, anyway, Lee Sang-hoon thought that the collapse of the 1,000 line should be done once again.
“So the market will be able to continue to demand rate cuts.”
Lee Sang-hoon thought that there is only one thing the market is asking for. Cut interest rates. What they wanted was that they wanted to bring the interest rate down to the place they wanted, which was once above 5%, and to do so, they thought they wanted to continue cutting the rate by pushing it into a bad mood.
The financial crisis, which continued to rush like a storm since the Lehman crisis, had come to an end, and it was believed that the remaining fire was shaking as if it were a wildfire, with only remaining payments for interest rate cuts. Otherwise, if the atmosphere was actually harsh, it would have been clear that there would have been one more serial bankruptcy after Lehman.
“According to the atmosphere, our country will fall out appropriately.”
I thought there would be no breaking the last low. It was because there was nothing special that could go down there while the exchange rate had settled down to the 1,200 won range.
It was clear that the 1,000 line would be broken once again, and it was clear that he would try to get the point of the double floor that he emphasized to Kim Hee-yeol, and because it was all right to enter that point, Lee Sang-hoon entrusted the trading to Kim Hee-yeol and went forward for the next.
After 892 was written, Lee Sang-hoon headed to the bench where he was always heading for his feet with a book that did not say the next.
There weren’t many cars because it was about the afternoon when it wasn’t time to go home yet, and there weren’t many people on the streets in the chilly weather.
Lee Sang-hoon sat on a bench and lifted a book.
Anyway, now that the situation is about to turn around, there seemed to be a place to point to something. However, Lee Sang-hoon became impatient with the book that did not change for several days.
‘Sup. I must come out… … .’
When the 1,000 line was broken, the book had to teach me how far to take the purchased funds to proceed with the purchase. Looking forward to it, Lee Sang-hoon came to the bench.
Lee Sang-hoon opened a book, and the book had the writing he wanted so much.
“uh?”
Lee Sang-hoon, who was excitedly reading, had a strange feeling. An unexpected article was written in a book that was expected to teach the market situation after the low of 892.
[The size of the futures option market in Korea reached about 7,000 trillion won in futures annually. This scale was not too small in the global futures market. And in the case of call options and put options, each boasting a scale of 150 trillion, stood tall as the world’s largest market for options]
‘Why are you talking about future options suddenly?’
Lee Sang-hoon thought strangely and continued reading the book.
[This derivative market, which is several times faster than stocks and can hold enough for a large amount of money, has attracted not only individuals but also celebrities. In particular, it was seen as a market that could be tried once by the head of a company with a huge amount of money that individuals could not have.]
Lee Sang-hoon turned his gaze at the book for a while and looked at the sky.
‘Because the story that a person named SunXX Hagin made 300 billion won when the gift market first opened is a famous story. The story of setting up a gift box and deciding the direction of the gift with Samsung Electronics is going around like a legend, so I understand it, but now I can’t… … .’
At that time, this was possible because the market had not reached maturity and the trading method was also unfamiliar. However, nowadays, it is one of the world’s leading markets, and I thought that no matter how much money I had, I couldn’t eat the market.
Lee Sang-hoon lit a cigarette and read the book.
[SX Group Chairman XX Choi was the person who thought this way. He had a history of clearing the inheritance tax of 80 billion by proceeding with the sale of options with 20 billion. And as I have deep trust in the shaman who manages the big and small affairs of the house so that I call shamans at the factory completion ceremony, I thought that if the shaman gave me the direction and his experience showed power, I could make a lot of money in the futures market]
“what. The cub’s not an idiot. ”
Lee Sang-hoon was absurd and said to himself. It was also unbelievable that the head of the company believed the shaman’s words. If I had strong faith, I was wondering if I could bring it to the completion ceremony of the factory, and it was a story that I did not understand that I would follow his words to buy and sell futures.
‘wait. But there is no reason why it doesn’t work.’
When I thought about it, I thought that Chairman XX Choi’s trading law was not wrong again. It didn’t look much different from the professor who beat the world’s famous fund managers by buying and selling with parrots, or the chairman Choi, who listened to the shaman and decided the direction of the gift.
Lee Sang-hoon thought it would be fun. He finished reading the book, rubbing the cigarette butts out.
[The number of contracts he rolled is not known for certain as it has never been disclosed, but the market figured it was as small as 1,000 contracts and as many as 5,000 contracts.]
“Wow~ 5,000 contracts? It turned.”
In terms of money, it was an amount that exceeded 500 billion won, and in terms of leverage, it was the same as betting on 4 trillion stocks. I couldn’t believe that an individual would roll 5,000 contracts, and I was once again surprised to hear what others say and bet.
Lee Sang-hoon took out a cigarette again and read the book at an incredible story.
[Although it was said that about 10 accounts were rolled, this movement could not proceed in a hidden state. Chairman Choi made decent profits for the first time, but the moment the accounts were captured by market participants, it became a good prey. Almost all brokerage firms joined forces to get the account of Chairman Choi, creating an index movement against Chairman Choi’s opposition, making margin calls for those suspected of being Chairman Choi’s account. Infuriated by this, Chairman Choi continued to put in money to confront the market, and in the end, it was 300 billion that was known for three or four consecutive margin calls, and he was kicked out of the market with about 500 billion money unofficially]
“Cook. driving me crazy.”
Lee Sang-hoon lowered his head and moaned without holding back his laughter. The words alone seemed to depict Chairman Choi’s figure in my head.
korean novel God of stocks chapter 436
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