Chapter 11: Past Life Returner Chapter 11

Past Life Returner 11

Past Life Returner 11

Even if I could be certain that stocks would fall by ten percent tomorrow, the stock market fluctuates randomly until reaching that point. The market may rise by one percent before falling by three and rise by two before falling by two. Then, in a second, the market collapses as investor fear reaches a tipping point. Thats why trading skills become more important than strategy as the leverage ratio becomes higher.

(EN: Leverage results from using borrowed capital as a funding source when investing to expand the firms asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed moneyspecifically, the use of various financial instruments or borrowed capitalto increase the potential return of an investment. Leverage can also refer to the amount of debt a firm uses to finance assets.)

If the leverage is fiftyfold, if the product value falls by only one percent, the loss becomes fifty percent. Regardless of the final closing price, even a two percent fall in value results in one hundred percent loss, which means the entire investment. Its as simple and as cruel as that.

The reply I expected from Jonathan came back from America.

-Youre saying to put up the entire four hundred thousand dollars into fiftyfold leverage? Do you trust me? Or do you not care because its not your money?

Fiftyfold leverage means that we will be investing twenty million dollars. Our profit is fiftyfold, and our loss is also fiftyfold.

However! If the products temporary price falls below two percent, the game cannot be played any longer. Its called margin call, and the stock exchange will forcibly sell the product after one ignores the warning. That was the biggest risk of the leverage effect. But Jonathan was a man who succeeded in having the greatest year of his life by his trading skills alone, when the hedge fund coalition had suffered in Hong Kong around October.

(EN: A margin call occurs when the value of an investors margin account falls below the brokers required amount. An investors margin account contains securities bought with borrowed money (typically a combination of the investors own money and money borrowed from the investors broker). A margin call refers specifically to a brokers demand that an investor deposit additional money or securities into the account so that it is brought up to the minimum value, known as the maintenance margin.)

(EN: So if the temporary price falls below $400,000, game over.)

That meant that Jonathan was a man who could survive in those rough waves if he believed in the trends that I had shown him. My answer had already been decided.

-Believe the trend, and from now, its up to you. Ill be waiting for the good news.

Jonathan could not know that the chance to mobilize fiftyfold leverage for stock index futures was only now.

***

I met with Jonathan at Gimpo Airport on July fourteenth Saturday. He notified me that he had to meet me in person and came to Korea. A week had passed from the ninth to the thirteenth, and he had not contacted me once. Jonathan now came with a tired face, and he must have come as soon as he could after finishing trading. He would buy and sell, and do the same process again and again. I knew how hard he would have worked to maximize profit in a set timeframe. Jonathan must not have slept a wink, and he seemed tired as he looked for me at the gate.

Our eyes met. He came walking towards me with renewed strength and spoke a number first.

Seven hundred.

Thank you for working so hard.

Youre not even asking me what that is? Its not a percentage, but Im talking seven hundred times. Seven hundred times, two hundred and eighty million dollars!

Jonathan looked like he had charged a monster and won despite overwhelming odds, and he hugged me with all his strength. He kept screaming Jackpot! Were insane! and of course, we caught the attention of everyone around us. I bowed to the approaching airport police and separated myself from Jonathan. He had not been this excited when he had received a challenger-box level skill from a master box. He hugged me again with crazy eyes, and I again apologized to the airport police.

Jonathan was going through countless emotions that he had suppressed all week, and as I dragged him out of the airport, everyone kept staring at us.

Have you taken care of the positions?

Of course! Be happy!

Jonathan had earned more than I had expected.

You finished exchanging the money for dollars, right?

Of course, he would have done so, which means that we had taken out two hundred and eighty million dollars from Thailands foreign currency reserve, which was being emptied in the first place. Dollars have become more valuable than gold, and our funds were enough to affect the Thailand currency war. Thailand will surrender to the hedge fund coalition on coming July second, and the baht will fall on that day. This was the previous history. History could not change due to our intervention, which means that Thailand would not surrender earlier. However, two hundred and eighty million dollars

You did well, Jonathan.

Thats all?

You did better than I expected.

It was made possible from knowing the trends and being able to bet ones entire savings on a thirteen-year-old Asian kid.

Better than expected? All right, you can say that to me. However!

Jonathan scratched his head and raised his voice.

70,000%. Its an unprecedented earnings rate. We turned four hundred thousand dollars to two hundred and eighty million dollars. Me! Us! We became major players with this one shot! I cant believe this. ThisWhat h