Chapter 5: The New Billionaire

The subsequent trend is still with ups and downs. It goes up a little and then goes down a little. The bulls and bears fight alternately. The bears are not willing to fail and always want to suppress the bulls, but the bulls still remain strong and try to move forward.

Although the pace of progress seems difficult, overall, we have taken a few steps forward.

By the time the market closed at 5 a.m., the international crude oil futures price closed at $80.12. Yang Hai's account had already made a profit of $75000, with a total account balance of $175000.

After working all night and earning 75000 US dollars, Yang Hai was still very satisfied. After turning off the computer, he fell into a deep sleep.

When I woke up again, I turned on the computer and checked the trading trends of international crude oil futures. I found that the price of international crude oil futures had fallen a little to US$79.87 a barrel.

But this is normal. After all, it will take until September 9 for the international crude oil futures price to break through $13 a barrel. During this period, the price will rise and fall, and it is impossible for it to rise all the time.

Yang Hai didn't care about these anymore. He brushed his teeth and washed his face first, then went to a nearby supermarket and bought a lot of vegetables. He came back and stored them in the refrigerator. He didn't go shopping for vegetables every day. The vegetables he bought had to be enough to last for a few days at least.

In this way, Yang Hai stayed at home all the time. Apart from paying attention to the price changes of international crude oil futures, he basically ate and slept. When he woke up, he either ate or turned on the computer to check the trading trends of international crude oil futures.

When I feel something is wrong, I will occasionally close my position, wait and see, and then buy again when the price drops to a certain level.

However, the number of purchases was also increasing. Until September 9, when the international crude oil futures price broke through US$13 a barrel, the number of international crude oil futures held by Yang Hai had reached 86 lots.

After closing the positions, the total account assets were US$835000, and the net profit in ten days was US$735000, which converted into RMB exceeded more than 500 million yuan.

Shen Ruobing hasn't come back during this period, so there is no need for him to cooperate with the acting.

The domestic stock market is still in its final frenzy, attracting a large number of new investors to join in, all hoping to get rich overnight.

The same goes for housing prices, which are still rising and constantly breaking historical records, attracting many people to borrow money and take out loans everywhere to buy houses, as if they have made a profit if they buy one, and they will regret it if they don't buy it now.

When Yang Hai went out to the supermarket and was walking on the street, he could hear people around him discussing it from time to time.

"Oh my! The price of houses in Sunshine Coast has increased again. The week before last, it was only selling for 17500 yuan per square meter. Now it's going for 2 yuan per square meter. It's increased by 2500 yuan per square meter in just half a month."

"Oh, I really regret it. I thought it was too expensive at the time, so I didn't buy it. If I had bought it then, it would have been better. It's only been less than half a month, and I have made more than 200,000 yuan from one house."

"It's not too late to buy now. The house price will definitely go up."

"No way, it's already 2 per square meter, how can it go up?"

"Why wouldn't it increase? Think about it, at the beginning of the year, how much was it per square meter? How much has it increased now?"

“It’s more than doubled.”

……

"Haha! The stock I bought hit the daily limit again today."

"Really? Which stock did you buy? How much did you pay for it? How much has it increased now?"

……

Yang Hai was too lazy to cook today and planned to find a decent restaurant outside for a meal, but he found that almost all the restaurants on the street were crowded.

Everyone was eating meat, drinking wine, and talking loudly, bragging about how great they were and how much money they made from buying certain stocks.

When did you buy the house? How much has it increased in value now?

Everyone seems to be a nouveau riche, with plenty of money in their pockets. They must eat and drink good food to justify themselves.

Yang Hai shook his head in his heart, thinking that in a few months, these people would start crying and complaining about their fate.

Their wealth will shrink rapidly, and only a few smart people will escape to the shore in time. Those who always think that the wealth will rise again will end up drowning in the water because they don't want to go ashore.

Unconsciously, another two months had passed. Yang Hai made a lot of money in the international crude oil futures trading, and his wealth has further increased significantly. Now his wealth has soared to 11 million US dollars. On November 17, the international crude oil futures price reached 98.26 US dollars per barrel. On November 11, the international crude oil price broke through to 21 US dollars per barrel.

Yang Hai knew very well that the highest price of international crude oil futures in 2007 was US$99.29 a barrel, so he turned around and shorted international oil futures without hesitation, and he shorted 2000 lots, which was definitely a big deal.

2000 lots are equivalent to 200 million barrels of international crude oil. As long as the international crude oil futures price rises by one dollar per barrel, the loss will be 200 million US dollars.

Yang Hai's total assets are only 300 million US dollars. In the eyes of others, this is a huge risk.

But in Yang Hai's opinion, this was not risky at all. However, despite this, he still tried to be safe and did not dare to go all in.

By the end of November, in less than ten days, the international crude oil futures price fell to around US$11, a drop of more than 88%.

Yang Hai's total assets at this time had exceeded 2600 million US dollars. This wave of 2000 short orders made him earn more than 2200 million US dollars. It only took him 10 days, and he made an average net profit of 220 million US dollars a day.

As capital grows like a snowball, making money now is much easier than at the beginning.

More than 2600 million US dollars, converted into RMB, is more than 2 million. Yang Hai has thus become a domestic billionaire.

From his rebirth to now, this process only took three months, and Yang Hai transformed from a man with nothing into a billionaire.

On January 2008, 2, the first trading day, the international crude oil futures price broke through $1 a barrel, reaching $100 a barrel.

That is to say, starting from December 2007, international crude oil futures prices will start to rise again.

Of course Yang Hai would not miss this opportunity, so starting from December, he turned to long international crude oil futures.

However, Yang Hai only left 1000 million US dollars in the futures account, and transferred the remaining funds to a bank account in Hong Kong, and then transferred back to a bank account in China and directly converted into RMB.

The RMB is performing strongly and will appreciate soon, while the US dollar will depreciate. If you don't quickly convert it into RMB, what are you waiting for?

More than 1600 million US dollars were converted into 1 million RM coins, and he is still a billionaire.

Yang Hai looked at the long string of numbers in his bank account and finally breathed a sigh of relief and felt very satisfied.

I still have to thank Shen Ruobing, this little rich woman! If I didn't have the 100 million she gave me, I would definitely find a way to make this money in the future, but the process would definitely not be so easy, and I don't know how long it would take.

However, this rich young lady seemed to have disappeared out of thin air after she cooperated with her to go to her parents' house and acted out a scene. She hasn't appeared once in such a long time.

It was agreed before that she would give him 10,000 yuan for living expenses every month. Now three months have passed and she hasn't sent him any money.

Not keeping one's word shows a lack of contractual spirit, Yang Hai thought to himself.

When Yang Hai was wondering in his heart, his cell phone rang. Yang Hai picked up the phone and took a look. He found that it was an unfamiliar number, and it was a local landline number in Linhai City.

Yang Hai thought about it and answered the call.

"Hello! Is that Ah Hai?" A woman's voice came from the phone.

"I'm Ahai! Are you your mother?" Yang Hai felt that the voice on the phone seemed quite familiar, and he quickly thought of Shen Ruobing's mother.

"It's me! Why haven't you been home for so long? Did you have a fight with Ruobing?" Mother Shen said with concern.

"No, we have always had a good relationship." Yang Hai said quickly.

"Luo Bing always says that you are busy and have no time. No matter how busy you are at work, you must pay attention to rest. Good health is more important than anything else. If you exhaust yourself, what's the point of making so much money?" Mother Shen muttered.

"I made some delicious nourishing food. You and Ruobing should come home to eat later! You are not allowed to say you don't have time to come."

After saying this, Mother Shen hung up the phone.

(End of this chapter)