Starting with a fully invested A-share portfolio to become a capital...

Chapter 29 The joker master
As dusk approached, the setting sun sank below the horizon, and the magnificent sunset wove a colorful tapestry across the sky.

In lecture hall 202 of the first teaching building, the instructor of "Financial Modeling and Quantitative Analysis" continued to talk about the content that he had not finished the day before yesterday. However, there were not many students listening to the lecture. Instead, they were busy with their own things.

This is because "quantitative" and "financial modeling" are relatively profound, and pure theoretical lectures are too dry, so students can hardly understand them at all.

Of course.

There is another reason.

That is, in 2009, quantitative trading had not yet been deployed in the A-share market. Not to mention that students did not know its power, even teachers had not personally experienced the terror of hundreds of T-trades per second.

"Buzz-"

Zhang Yang's Nokia vibrated twice in his pants pocket. He released his grip on the mouse and took out his phone to check.

[尊敬的客户，您尾号2389的建行账户于2009年4月8号17点32分收到华国币5000元(大写：伍仟元整)转账汇款，可用余额5174元，备注：《华信证券模拟盘大赛》替操盘的劳务费用。]
"Didn't you come to class?"

Zhang Yang looked at the payment confirmation message, then glanced around the lecture hall and, sure enough, didn't find Lai Weijie.

At the same time, the notification bar in the lower right corner of the laptop screen was flashing, indicating that someone had sent him a message on QQ.

It's obvious without even thinking that it was Lai Weijie who sent the message.

With roommates nearby and classmates behind, and so many eyes watching, opening the chat window with Lai Weijie now might expose their deal.

Zhang Yang selectively ignored it and continued to attend to his own business.

Because of his impressive record of three consecutive limit-up days, he didn't keep it a secret and updated it all on his alternate account on Baidu Tieba.

His alternate account on Baidu Tieba is called "joker," which translates to "clown."

Why the name Joker?

This concerns a period of Zhang Yang's life.

In his previous life, when he first arrived on Wall Street in the United States, he entered Goldman Sachs as an intern thanks to his top-notch professional skills, but he encountered setbacks everywhere because he didn't know how to persuade clients to invest.

For example, with a "shark fin structured financial product," other investment managers would promote it to clients by highlighting the highest historical return of similar products, as well as its unique risk resistance and principal protection features.

Under this kind of deceptive and misleading marketing campaign, customers find it difficult to distinguish between truth and falsehood, and end up handing over their money without fully understanding the situation.

Once the returns are received, the client finds that they are different from what was initially promised, and the investment manager can then use market fluctuations as an excuse to cover it up.

The inexperienced Zhang Yang didn't understand human weaknesses. When promoting the "shark fin structured financial product" to clients, he didn't use the highest historical return rate to deceive them. Instead, he focused on introducing its stable returns and risk resistance advantages, intending to treat people sincerely.

However, when many clients hear that your financial product has an annualized return of only 5%, while others have 7% or even 8%, even the most naive client knows who to give their money to.

Zhang Yang's sincerity did not result in closing a deal; his performance was still the worst among the interns, and he faced being fired.

It wasn't until a dance party that Zhang Yang met a female investment manager named Sun Yue. After they chatted and talked, she asked the waiter for a brand new deck of cards and took out two Joker cards to tell Zhang Yang.

"If you want to survive in the financial world, you have to speak against your conscience, be as cunning and treacherous as the Joker, and stop at nothing. If you treat people sincerely, no one will treat you sincerely. If you want to stay true to yourself and be morally upright, not engaging in insider trading is already the best you can do."

It was this heart-to-heart talk that made Zhang Yang realize that while tactics can win people's hearts, sincerity is useless.

Just like salespeople promoting health supplements, they all talk a good game, claiming to cure all diseases. But only they know that these so-called health supplements are just placebos that won't kill you but have minimal effect.

It is precisely because one dares to speak out and the other dares to believe that many retired elderly people are addicted to expensive health products and cannot extricate themselves.

If salespeople don't exaggerate the effects of health supplements, who would buy your placebo?

After realizing his mistake, Zhang Yang changed all his social media names to "joker," gradually lowering his moral standards. His career took off, and he became a star manager at Bridgewater Associates.

……

Zhang Yang had gotten used to using "joker" and had no intention of changing his ID. Besides, "joker" also meant "ace" or "ace," and he had been sharing his real-money trading returns on this account for the past three days.

The Baidu Tieba account, which originally had 0 followers, now has 104 followers.

Opening the post that was published at 4 PM, there were already hundreds of replies, with a wide variety of content that was dazzling.

[Chasing the Wind]: Three limit-up days in three days, and even profited from the limit-up from the bottom to the top. Joker, please carry me! I'm willing to pay to become your apprentice!
[Canghai Xiaosan]: That's insane! A total return of 47.89% in three days! Is this what a true master is like? [Crazy Cowboy]: Could Joker please tell me if I should continue holding Changan Automobile shares? I bought in yesterday when the price surged.

[Sunset Glow]: Achieved a total return of 47.89% in three trading days. If Joker is looking to take on apprentices, please be sure to contact me!
Many retail investors may have a misconception that the maximum return rate of three consecutive limit-up days with one limit-up day is 40%, which is actually wrong. A simple calculation will make it clear.

Assuming P is the closing price of the previous day, a 10% increase in P equals 1.1P, and 1.1P is the maximum single-day increase on the first day.

首日P开盘下跌10%为0.9P，0.9P到1.1P的涨幅是22.22%，因此第一天的收益率是22.22%。

由于第一天收盘价是1.1P，第二天10%涨幅便是0.11P，也就是1.1P+0.11P，等于1.21P。

The same logic applies to the third day. A 10% increase from 1.21P is 0.121P, and adding the two together gives 1.331P.

Returning to the initial purchase price of 0.9P, the increase from 0.9P to 1.331P is 47.83%, which is also the current total return of Zhang Yang's live trading account for Changan Automobile.

Over three trading days, the total profit of 3300 shares of Changan Automobile was 10477.8 yuan, representing a gain of 47.83%.

While Zhang Yang was still surfing the internet, Xu Zhiruo, sitting in the third row with a high ponytail and a sweet appearance, hesitated for half the class period but still couldn't send that message.

After another ten minutes of internal struggle, she chose to escape the lecture hall.

Because it is a university, students leaving midway through the course will not affect the teacher's teaching in any way, and there is no need to submit a report.

After leaving the classroom through the back door, she found an empty classroom, took out her pink LG GD580 phone, and called her younger sister, Xu Zhirou.

Not a moment.

The call was answered.

"what?"

The other party was concise and asked about the purpose of the visit.

Xu Zhiruo hesitated for a moment, then lowered her voice and said, "It's...it's about Zhang Yang, the thing you mentioned. I...I'm a little embarrassed to talk to him alone. Will you come with me?"

"..."

Xu Zhirou on the other end of the phone was clearly silent for a moment before replying, "I'm busy. Take care of your own business."

"You have it."

"No."

"You have it."

"No."

The two women tugged at each other's sleeves more than ten times, but Xu Zhirou couldn't get what to do with Xu Zhiruo, so she finally relented: "When?"

"Around 8 PM, could you send a message to Zhang Yang for me? That's settled."

"beep…"

Xu Zhiruo hung up the phone quickly, giving Xu Zhirou no chance to refuse.

"Useless." Xu Zhirou, who was still playing badminton at the badminton hall, looked at the phone that had just been hung up and couldn't help but curse her older sister under her breath.

"What happened to Ruorou?"

A young man, about 1.75 meters tall, with delicate features and holding a Yonex racket, approached and asked a question.

His name is Cheng Zhihong. He is an accounting major who entered Shanghai University of Finance and Economics in 06. He is also the vice president of the badminton club.

"You and Mengmeng and the others keep fighting, I'm going to reply to a message." Xu Zhirou came to the sidelines and searched for Zhang Yang's QQ friends.

Cheng Zhihong didn't insist and continued playing badminton with the substitute girl.

(End of this chapter)