He unexpectedly becomes a father at the start of his life, and the mother of his child is a national

After making up his mind to engage in real-world stock trading, Chen Hao did not take immediate action.

He forced himself to calm down. His masterful stock trading skills taught him that impulsiveness is the devil, especially on the battlefield of real money.

He needs to choose a clear goal and strategy.

A-shares? Hong Kong stocks? Or US stocks? He weighed his options.

A-shares have price fluctuation limits and T+1 trading, which limits short-term operations aimed at quick profits.

The time difference between the US and China is a problem; he has to take care of his daughter and can't work day and night.

Hong Kong stocks seem like a good option, with no price limits, T+0 trading, and many mainland companies listed, making them relatively familiar.

Having made up his mind, Chen Hao began to focus on analyzing the Hong Kong stock market.

He opened a professional market data software and began filtering and comparing data.

His masterful skills allow him to quickly filter out a lot of noise and focus on individual stocks that may present opportunities.

His gaze, like a precise scanner, swept over the stock codes, names, charts, financial data, and news announcements of each stock.

Ultimately, his gaze settled on a stock with the ticker symbol "00888" called "Star Shine Entertainment".

This is an entertainment company whose main business includes film and television production, artist management and game business. In the past few years, it has grown well by taking advantage of the industry's boom, and its market value once soared to tens of billions of Hong Kong dollars.

However, in the past six months, the stock price has been fluctuating sideways at a high level, appearing quite sluggish.

Chen Hao pulled up its detailed information, and the candlestick chart was enlarged in front of him.

Daily, weekly, monthly charts... various technical indicators were rapidly calculated and compared in my mind.

Meanwhile, he quickly browsed the company's recent announcements, financial report summaries, industry news, and even related discussions on social media.

[Ding! In-depth analysis of individual stock (Xinghui Entertainment 00888), comprehensively utilizing multiple analytical dimensions, stock trading experience +150.]

[Ding! Identified a potential technical top divergence structure, Experience +120.]

[Ding! Correlation analysis of industry policy risks and changes in company fundamentals, experience +180.]

A series of system notification sounds rang out as he focused on his analysis.

Several key points gradually connected in his mind, forming a clear logic for the decline:

First, from a technical perspective, the stock price failed to break through the previous high twice, forming a clear double top pattern, and the trading volume gradually shrank, indicating weak buying power.

Multiple medium- and long-term indicators have shown bearish divergence signals, indicating significant pressure for technical correction.

Secondly, on the fundamentals front, the company's latest quarterly financial report shows that the gross profit margin of its core film and television investment business has declined significantly, the box office of the two major films it invested in fell short of expectations, the proportion of inventory (mainly TV series and movies to be broadcast) has increased, and cash flow has begun to tighten.

The seemingly impressive revenue growth actually hides underlying concerns.

Third, at the industry level, there have been recent rumors that regulatory authorities may launch a new round of investigations and rectifications into issues such as high actor salaries and tax evasion in the film and television industry, which poses a potential negative impact on entertainment companies that rely on celebrity resources.

Fourth, in terms of capital flow, through the analysis of order book data and capital flow, Chen Hao keenly noticed that in the past few trading days, although the stock price has barely maintained a sideways trend, large orders have shown a continuous net outflow, while small and medium orders have been taking over.

This is usually a sign that major funds are secretly distributing their holdings.

Fifth, in terms of market sentiment, there are still many voices blindly bullish on this stock in related stock forums and communities. However, upon closer examination, many of these voices are just clichés or emotional outbursts, lacking solid fundamental support.

This optimism often masks the risks and is one of the characteristics of a market top.

Based on his comprehensive assessment, Chen Hao concluded that this stock is likely to begin a decline in the short term (he estimates it will be around the next three trading days), with a cumulative drop of around 20%.

This is a good short-selling opportunity.

Short selling involves borrowing shares, selling them, and then buying them back to return them after the share price falls, thus profiting from the price difference.

This is standard practice in the Hong Kong stock market.

"The opportunity has arrived."

A sharp glint flashed in Chen Hao's eyes.

He decided to take action.

He decided to use 33 yuan for this operation and keep 1 yuan as a living allowance.

If you short sell with 33 shares, and the price drops by 20%, you'll make a gross profit of 6.6 shares.

But that wasn't enough; he wanted to maximize his profits.

Leverage!

If leverage is added, the profits will be multiplied.

He immediately dialed Li Qingshan's number.

"Hey, Aoyama, it's me again."

"Haozi? What's wrong? Did you run into problems opening an account?" Li Qingshan asked.

"No, the account is open. I want to ask if I can use leverage to short a Hong Kong stock?" Chen Hao got straight to the point.

On the other end of the phone, Li Qingshan seemed to choke on his saliva and coughed several times.

"Ahem... What did you say? Short selling? And with leverage? Chen Hao! You've only had your account for half a day! Half a day! And you already want to play this big?"

Do you know what leverage is? It amplifies both returns and risks! You can lose money faster than your initial investment!

"I know the risks," Chen Hao said calmly.

"However, I want to maximize my returns, so I need leverage. Can't I just open a regular account?"

"It's impossible to open!" Li Qingshan said excitedly.

"Leveraged trading has entry barriers! There are requirements regarding asset size and trading experience!"

"You just opened this account and haven't made a single transaction, so the system won't grant you this permission!"

"Is there any other way?" Chen Hao pressed. "Qingshan, help me think of a solution."

Li Qingshan remained silent for a few seconds on the other end, seemingly engaged in a fierce internal struggle.

"Which ticket are you so determined to take?"

"Star Shine Entertainment, code 00888," Chen Hao announced.

"Star Glory Entertainment?" Li Qingshan's voice suddenly rose.

"Haozi, are you crazy? I've been following this company. Its fundamentals are pretty good, and there haven't been any major negative news stories lately. The stock price is quite stable."

What gives you the right to short it? And with leverage? That's way too risky!

"It became unstable very quickly."

Chen Hao said confidently, and then explained to Li Qingshan the reasons for the decline that he had analyzed, using language that was as concise and easy to understand as possible.

These include technical double-top resistance, hidden concerns in financial reports, potential policy risks in the industry, and signs of capital outflow from major players.

After listening, Li Qingshan remained silent for an even longer time.

He was, after all, a professional. He had noticed some of the points Chen Hao mentioned, but he was not as clear or as certain as Chen Hao, and he dared not make a strongly bearish judgment based on them.

"Haozi," Li Qingshan's voice turned serious.

"Your analysis... sounds somewhat reasonable, but it's not solid enough."

Technical analysis can be misleading, financial reports can be interpreted, policy risks are just rumors, and capital flows can reverse at any time.

Going all in on shorting with leverage based on these factors alone is too risky! Take my advice, don't act impulsively, observe first, or test the waters with a small position, okay?

"Qingshan, I've thought it through very carefully." Chen Hao's tone remained firm.

"I'm confident in my judgment. Just tell me, is there any way you can get me leverage?"