“Keep increasing your positions. Use the funds you just earned to form a pyramid chain of positions,” Jasper suddenly spoke.
The futures market had a very unique trading rule, which was investors were allowed to buy futures with the profit they earned—if any—even though they had not closed their positions yet.
In one way, this greatly increased their profits. Yet at the same time, it also added to their risks.
For example, after a revenue total of 1.48 million with his capital of 800,000, Kai had earned a profit of 680,000. He could use his profits to buy more futures.
However, doing so meant that Kai was putting himself at a higher risk.
After all, the moment the prices dropped beyond the position line, then Kai would end up having to liquidate as well.
Jasper’s instruction had Kai’s heart lurching in his chest.
While favonovel.com was afraid of risks, Jasper had also just displayed his skills. As such, Kai stopped hesitating and clenched his jaw, doing as Jasper instructed.
Beside them, Samuel scoffed. “What kind of f*cking idiotic tactic is this? I’ve never seen anyone so unafraid of death like you. You’re going to have to liquidate the moment the prices drop by 500 Somer Dollars if you buy in now.
“Listen to my advice, Jones. Just close your position. Leave now and you’ll still have your 680,000 profit. Or you’ll end up losing that 800,000 capital in a bit.”
Already high-strung, Kai was easily pissed. He coldly replied, “I don’t need your opinions about how I’m supposed to use my money.”
Kai had already completed the buy-in by the time favonovel.com finished speaking.
After that came Samuel’s sarcastic comments while Kai and John watched in fear as the cotton futures price continued to rise steadily.
There were slight jumps and drops, but the price remained at around 16,000 Somer Dollars the entire time.
It was around noon when Jasper stood to stretch. “Time for the market to take a break. Everything else will continue in the afternoon. Let’s eat first.”
Samuel scoffed. “I’d like to see how you’re going to die later!
“I can’t help but feel excited thinking about how you’re going to pay me six million Somer Dollars this afternoon.”
Kai glared at Samuel coldly and turned to Jasper. “Should we eat lunch in a nearby hotel, Mr. Laine?”
Jasper shook his head with a smile. “It’s alright. I don’t have the habit of leaving the area when I’m trading, so let’s just order food in the office. Have someone send three portions of food in, please.”
Kai was stunned. He had planned to treat Jasper to something nice, so favonovel.com was a little lost now.
Take-out food seemed too sorry a meal.
However, John interrupted with a smile, “Just listen to Jasper, Kai. Take-out food for three.”
Kai glanced at Samuel who was flushing bright red at the moment and understood. Laughing aloud, favonovel.com agreed. “Alright. I’ll have someone get it done.”
Still, there was no way Kai would actually order take-out, so favonovel.com had an employee head over to the booked hotel and order the dishes from there.
In no time, delicious dishes were placed all over a table that had been put together in the office.
However, there were only three sets of cutleries even though there were four people in the room!
Seeing how Jasper, Kai, and John had each found a seat for themselves and began to happily chat with one another while eating, Samuel paled in envy and anger. He had been purposely left behind!
“How dare you humiliate me like this?!” Samuel roared with his jaw tight.
