"By the way, can I know how much profit you have made after buying the futures?”
Although he no longer cared about Qin Feng investing in the futures market.
However, Yang Mi still wanted to know whether Qin Feng had profited or suffered losses during this period of time.
"Of course I can."
"No matter what, your 100 million yuan is in there.”
Qin Feng slightly nodded.
Then, he opened the security company's APP and found his futures trading records.
Seeing this, Yang Mi immediately leaned his head over.
Reba also came over.
She also wanted to know how much money her boyfriend had earned from speculating in futures.
However, the two of them couldn't understand the record of the short corn.
"Qin Feng, how much did you buy the corn for?”
Although he couldn't understand it, it didn't stop Yang Mi from asking questions.
He only needed to know how much Qin Feng bought and then compare it to the current price.
Wouldn't he know if he had made a profit or lost?
"My price is 160 USD per ton.”
Qin Feng slowly said.
In fact, he had borrowed 10.25 million tons of corn from the security company.
Then, he sold it for 160 USD per ton!
Now, the funds in his stock account were as high as 1.64 billion USD!
Of course, he couldn't use this money.
They could neither withdraw cash nor conduct transactions. They were frozen funds.
They could only buy corn bonds.
In other words, he could only use this money to buy 10.25 million tons of corn and return it to the security company.
He could only use the remaining funds!
At that time, the remaining funds would be the profits from his short sale of corn futures.
It could be used at will.
It was up to him whether he wanted to withdraw cash or buy futures.
Actually, the calculation was very simple. It was based on 10.25 million tons!
The price of corn dropped by a few dollars.
Then, he multiplied the falling USD by 10.25 million, which was the profit that Qin Feng had earned.
To put it bluntly, short selling was to earn the difference in price!
"160 dollars for a meal?"
"What's the price of corn now?”
Yang Mi continued to ask curiously.
He was praying in his heart that it must rise, it must rise!
If Qin Feng knew what Yang Mi was praying in his heart, he would definitely be speechless.
Big sister, I'm short selling corn futures. If you pray that the other party will rise, won't that be counterproductive?
"Let me see."
As Qin Feng spoke, he looked at the current international price of corn.
"Not bad. It's been close to 10 days, and it's fallen by a few dollars.”
"The price of corn has dropped from 160 dollars to 152 dollars.”
Qin Feng glanced at the price of the corn.
He nodded slightly.
In just ten days, it had dropped by eight dollars!
8 USD multiplied by 10.25 million tons was equivalent to 82 million USD!
And this 82 million USD was the price difference that Qin Feng earned!
If converted to RMB, that 82 million USD would be 549.4 million!
It could be said that these few days, Qin Feng had earned 50 to 60 million every day!
"What is this?"
"The price of corn has dropped?"
"And it fell from 160 dollars to 152 dollars?”
"It fell so hard, and you actually said it wasn't bad?”
"Qin Feng, have you gone silly?"
However, after Yang Mi heard Qin Feng's words, he was directly dumbfounded.
She had no choice. Who asked her to not know that Qin Feng was just an empty corn.
“emmm.....”
"I almost forgot to tell you."
"Sister Mi, I chose to empty the corn!”
"So, the more the price of corn falls, the more we earn!”
Qin Feng was stunned for a moment before chuckling.
"Short?"
Yang Mi was stunned. She really didn't know much about short-selling.
"Qin Feng, what do you mean by empty?”
Not only did Yang Mi not understand, even Reba did not understand.
For them, they had mastered nine out of ten apertures in finance, but they still knew nothing about it.
"Let me explain briefly."
"Whether it's stock speculation or futures speculation, there are two kinds of statements: long and short.”
"Do more? It should be easy for you to understand. It's to spend money to buy stocks or futures that you like.”
"When the stock or futures have risen to a similar level, you can sell them.”
"The money earned in the process is your profit.”
"It's the stock trading method that you often see.”
"And short is the opposite of long.”
"It's to borrow stocks or futures from merchants, which is a stock company, and then sell them at the current price.”
"For example, I'm short selling corn futures now.”
"I borrowed some corn bonds from the stock exchange company.”
"Then, I sold the borrowed corn bonds.”
"In the future, the price of corn will drop.”
"I'll buy back the same amount of corn bonds at a falling price and return them to the security company.”
"And the price that falls in the middle is the profit I get.”
"Now you know what it means to go short, right?”
Seeing the two confused people, Qin Feng was helpless and could only explain in detail.
Fortunately, both Reba and Yang Mi were very smart people.
With Qin Feng's explanation, the two of them immediately understood.
Long and short, one was to buy and then sell, the other was to sell and then buy.
One was buying up, and the other was buying down!
The method of making money was the same.
"I see. I understand now.”
"You're selling empty corn now."
"Therefore, the more the price of corn falls, the more we earn.”
"Aiya, this is bad!"
" Pui, pui, pui!!!"
"I was actually hoping that the price of corn would increase.”
"Fortunately, my expectations didn't come true. Otherwise, I would have suffered a great loss.”
Yang Mi finally reacted.
However, when he thought about how he had prayed for the price of corn to increase, he panicked.
Fortunately, his prayers did not come true.
"Haha!"
Qin Feng couldn't help but laugh when he heard this.
"Then Qin Feng, how many tons of corn did you borrow from the security company?”
Yang Mi asked curiously.
With Qin Feng's previous explanation, Yang Mi already knew what was going on.
Now, she only needed to know how many tons of corn Qin Feng borrowed from the stock exchange company.
She would then know how much money Qin Feng could earn from this wave of empty corn.
It had to be said that Yang Mi's reaction was still very fast.
With Qin Feng's explanation, she had a simple calculation of the profits.
"I borrowed 10.25 million tons!"
Qin Feng did not hide it either. In any case, Yang Mi would find out sooner or later.
"110.25 million tons?"
"Let me calculate."
"Hiss!"
"Then we'll calculate it based on the decline of 8 dollars in corn.”
"Didn't you earn 82 million USD?”
When Yang Mi heard the number Qin Feng reported, he was directly dumbfounded.
He took out his phone, opened the computer, and multiplied 10.25 million by 8.
Yang Mi received a number that made her tremble with fear.
"My goodness!"
"82 million USD, how much is that!”
Reba was also stunned.
She really didn't expect Qin Feng to earn another 80 million, and it was in US dollars.
This was heaven-defying.
..................
The second chapter!
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