See Conquest of the World Chapter 45: Currency Wars (21)

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Duan Ye's worries are not unreasonable. [n look——]

When the leverage of the transaction is increased, in fact, the essence is that the risk and return are amplified simultaneously, after all, most of the time, the risk and return are increased and decreased at the same time.

But the problem is that trading in the exchange place, the exchange has to extract commissions, bundle fees, and in the future, Duan Ye intends to collect taxes here, so in essence, the total income of all people is actually negative, that is to say, this is a negative sum game, and the sum of all the money made by those who make money is not as much as the money lost by those who lose money combined.

For small retail investors, their money is often only enough to do one or two transactions, what to divide the position to diversify the risk, what to buy in batches, for them is not suitable at all, they are often bèi'pò can only enter and exit the whole position, and in this way, they make a mistake, and lose money very much, unlike those big investors, even if they make a mistake, they can use their own money to forcibly pull up to save themselves.

In the capital market, the strong are always strong, and the weak are often destined to be slaughtered.

Duan Ye often mixes in the capital market, of course, he believes that he is willing to gamble and lose, and if he dares to make money, he must afford to lose, and theoretically he should not and will not have sympathy for those who lose money. But the ideal is the ideal, the reality is the reality, after all, the exchange was established by Duan Ye himself, and his purpose is not just to build a casino to collect money, but to rely on this exchange to promote economic development, and at the same time change the pattern of the whole world, then this exchange must grow steadily and healthily. Besides, today's people are not so rational, of course they are happy when they make money, but if they lose money and lose their money, it is possible to oppose them. Duan Ye couldn't really let them lose money and lose a lot of money.

Then there is no way, I have to use some means to drive most of the people out of the market, of course, Duan Ye is kind-hearted, and it will make them earn a little bit of money.

So in the next few days, the price of rice went up and down every day, maybe in the morning to the limit, in the afternoon once hit the limit, but generally the last closing time, often just yesterday's closing price.

That is to say, after tossing all day, if you pinch and do not move, you are actually not making money or losing money.

But in fact, most ordinary people, at this time, have already learned to chase the rise and kill the fall according to their instincts, and what they do is to buy in the morning and want to make more money, which is greed. But when I saw that it fell in the afternoon, I was selling frantically, and I was afraid that the profits in my hand would fly, this was fear. But in the end, the end of the game was pulled up again, which made many of them beat their chests.

Where can the average small retail investor stand this? Duan Ye worked for three or four days, and most of the people obediently admitted it, and left the exchange after making a little money.

But the same distressing thing happened.

In this world, no matter what era it is, there will always be a lot of smart people, Duan Ye has a lot of money in his hands due to his high degree of control, and he is actually completely opposite to the left and right, and he comes to cāo as the price, to put it bluntly, he is sitting in the bank.

But smart people have discovered the law very much, and they have learned to sell high and suck low during the day, that is, to do T.

Now, this group of people rely on the back and forth of the high and low points every day to make short differences, but in fact, they also make a lot of money. Especially Chen Wanshui, in the end, although he can't figure out who is in control of the market now, but he relies on his own goods and money, but less than Duan Ye, he actually openly follows the rhythm of Duan Ye to make short trips, so that after three or four days, he actually has a 10% income.

Everyone else is not stupid and naturally follows up, Duan Ye has no choice, so he has to change his usual cāo strategy, which was originally a rapid downward smash, but after stabilizing, not only did not rebound, but continued to smash. And after a large pullback, after the pullback, there is no turn downward, but continues to pull.

In short, Duan Ye has used all the techniques he has learned and played by himself, although he has trapped many people who want to do short-term errands, but they have made a lot of money in the unilateral rise process before, and now they are still quite profitable, not only did they not retreat, but they became more rampant.

What's more, among the small retail investors, the people who still exist in the market are all people like human spirits, they have little money, the boat is small and easy to turn around, and they run like loaches. This group of people also formed a circle, acting in unison, cooperating with each other, reacting, and acting ruthlessly, which is quite a bit of the flavor of the later generations of capital daredevils.

Duan Ye was a little crying and laughing, he didn't expect this, he would be the same as the future generations, the pattern of dealers, institutions, death squads, and some retail investors was actually formed, and he didn't know who would die in the end.

But this has stimulated Duan Ye's fighting spirit, after all, the capital market, like the battlefield, can always make the blood of men who have pursuits boil, since Duan Ye has chosen to end, of course, he must win completely!

……

Huan Xuan is almost bèi'bī to the end of the mountain.

Originally, after the warship was burned, Huan Xuan only lost most of the warships and part of the grain and grass, and could not advance by land and water to gain speed and maneuver advantages, but the Jingzhou soldiers were originally elite elites, tenacious style, and absolutely loyal, Huan Xuan was not too worried, and he was still there, Huan Shiqian was still there, the worst result was nothing more than that this operation could not recover Yizhou, but this operation, after all, has recovered the White Emperor City, the first line of Jiangzhou, it can be said that half of Dongchuan has been cut off, anyway, this is also a reconquest of lost territory, Although he is not as perfect as his father, he is still acceptable in the first battle after sitting in Jingzhou.

But one bad news came one after another. Uncle Huan Mi and his strength lord himself withdrew his troops as soon as possible, but he still wanted to give a heavy blow to the princess of Daqin Fu Bao first, and then take advantage of the situation to withdraw his troops.

As a result, Fu Bao'er himself was not able to come out, but let the other departments sound gongs and drums every night, so that his army could not sleep at all, but he did not come out at all during the day, so that his army was very tired, and in less than three days, Huan Xuan found that the morale of the army was low, and the eyes of the soldiers were extremely confused.

Huan Xuan, who knew the soldiers, knew that this army could not fight for the time being, and if it continued like this, it would be dragged down by Fu Bao. But he can't withdraw now, because if he withdraws now, he will collapse immediately, and Fu Bao only needs to follow him all the way to cover up, and he is afraid that he will not be able to defeat the army, and it is a question of whether he can go back.

In addition, Fu Bao had also been walking in the Jingzhou army before, saying that Fu Rui and Li Qianshan had led the army south to attack Jingzhou, which once shook the hearts of the Jingzhou army.

But Huan Xuan personally explained to all the soldiers, and it was obvious that whether it was Zigui or Yidu, including Jiangling and Gōng'ān, these places were all fortified cities with high cities and deep pools and abundant grain and grass, even if you poured the country into the fight, I am afraid that it would not be able to fight in a day or two, not to mention how many people Fu Rui can bring and how many people can he bring?

Huan Xuan also made it clear that this was a method to disturb the morale of the army, and told the whole army in advance that they were likely to spread the rumor that Gangneung Gōng'ān had been conquered and that the family members had been arrested or something, please don't believe it.

Sure enough, within a few days, someone in the army began to say these words, because before, Huan Xuan had already explained in advance, plus a check, a few jiān were indeed caught from the army, and when interrogated, they also admitted that they were here to spread rumors and disturb the morale of the army.

At this moment, it has the opposite effect, and from then on, it will not be easy for Fu Bao to do these tricks again.

Only Huan Xuan knows in his heart that these rumors are probably not all rumors!

On Fu Bao's side, the spring breeze was proud, because just the day before yesterday, a new force of 1,500 people finally came to her. This is Fu Xu's personal guard, who has traveled thousands of miles to reinforce him.

According to the regulations, there is a guard of 3,000 people, almost all of Fu Xu's own Yulu is used to support this army, this army is well treated, has a high status, and is completely Fu Xu's private soldiers, loyal and reliable, and has strong combat effectiveness, and this time Fu Shu allocated half of it to Fu Bao at once, which can be said to be a bloody investment, of course they can't march on a large scale, otherwise they will definitely be found if they run thousands of miles. In fact, a long time ago, they broke into pieces and gradually rushed to Shu, originally to deal with the local rebellion in Chengdu, but this time they didn't expect to catch up with the use.

In fact, the number of this army is not large, but the key point is that at present, Fu Bao and Huan Xuan have formed a balance of power, if at the most critical moment of the decisive battle between the two sides, this army can suddenly kill, it will definitely have a decisive effect.

Coincidentally, Fu Bao received a letter from Duan Ye at this time, in which Duan Ye also mentioned: "If there is a strange army of thousands of people, if it is killed in one fell swoop during the decisive battle, it will be a complete victory." After reading this paragraph, Fu Bao immediately felt that it was really a heart.

Qiu'er read the letter and said sourly: "Princess, this horse master is really the same as you." ”

"Go, go, don't talk nonsense." Although Fu Bao raised willow eyebrows to correct Qiu'er, she didn't refute it strongly, Qiu'er immediately knew it, and she smiled narrowly: "Princess, Huan Xuan is definitely finished, so have you thought about what to do?" ”

"What to do and how?" Fu Bao was a little puzzled.

"At that time, this Yizhou has been tested twice in a row, and I am afraid that it is impregnable, so you don't have to stay in Yizhou, princess, at that time."

"What are you going to do then?" Fu Bao was a little puzzled.

"Go to Liangzhou!" Qiu'er said as a matter of course.

"Huh?" Fu Bao stammered a little and said, "This can't be done, Your Majesty has no will, how can I leave the defense ground casually?" ”

"If you don't have a will, you can ask for a will." Qiu'er said, "As long as you directly tell Your Majesty that you want to see Duan Ye, both public and private, Your Majesty will definitely agree." ”~

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