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Chapter 26: Capital Frenzy(1/2)

When David Mellon slowly brewed two cups of coffee with the help of a Michelin-starred chef.

Ten minutes have passed.

He was very nervous, but David had not forgotten what Abel had just said.

"Wait another ten minutes..."

Therefore, he was in a hurry and came out in the "ten minutes" Abel said.

In fact, he still wanted to know why Abel was so calm.

When David came out with coffee, he saw Abel lying lazily on the sofa.

And in both hands, he was holding a thick book and reading it.

David came over with coffee and saw that Abel was reading a book called "The Self-Disciplined Trader".

The author is Mark Douglas, a well-known senior financial practitioner.

He used to be a Wall Street practitioner, but he started writing books in the 1990s.

I wrote several books, all related to finance or trading, and the results were pretty good.

This book "The Self-Disciplined Trader" was written by this former Wall Street practitioner for beginners in the financial industry.

Some American universities also use this book as one of the extracurricular readings for the finance department.

It is one of the introductory books in the financial field.

but....

David glanced at Abel, who was reading seriously, and couldn't help but complain:

"This is a book for novices on Wall Street. What's the use of reading it? Don't tell me you're still a novice."

Abel raised his head, sat up and stretched out his hand to take a cup of coffee from David.

Then he plausibly said: "I am indeed a novice. I studied art in college and I can draw, but I don't understand finance. Since I don't understand, of course I am a novice."

Facing his remarks, David was speechless again.

Well, David acknowledged some of what Abel said.

For example, Abel is in finance, especially in many details, many hidden rules and operations.

He is indeed a novice, the kind who has not even started.

David thinks this may be related to the fact that he studied fine arts at Abel University, not business or finance.

But such a guy doesn’t understand financial details and doesn’t understand the rules of many investment products.

But he has keen intuition and has prophet-like abilities in the fields of investment and finance.

Since he met Abel, Abel had almost never lost money in every investment he made.

The worst thing is just making slightly less money.

More of them are making huge profits.

Although David was responsible for operating most of these transactions.

But David asked himself.

Instead of Abel's investments being left to him, it was up to David to decide whether he dared to invest like this.

the answer is--

Don't dare.

There were many investments that David had not even thought about.

The most typical one is in early March.

Abel lost everything and even used leverage.

He was very arrogant and went short on the mainstream Nasdaq stocks that were in full swing at the time.

At that time, David almost thought Abel was really crazy.

Because at that time, both the Nasdaq market sentiment and the views of Americans as a whole felt that the Nasdaq would rise to at least 8,000 points, or even more.

Those mainstream Nasdaq stocks will at least double.

At that time, everyone thought so and had no idea that there would be such a thing as an Internet bubble.

Under this situation, David almost wanted to run away and go back to work at Goldman Sachs.

Fortunately, before David could regain his determination, it didn't take long for Nasdaq to feel like he had taken laxatives.

The stream flew straight down three thousand feet.

Within a few months, Abel made a crazy $1.5 billion.

From then on, David truly believed in Abel's investment ability.

But now, the old tycoons on Wall Street are calling wolf.

At such a young age, he is already known as the Wolf of Wall Street.

But he plausibly said that he was just a novice investor.

David really wanted to throw the coffee in his hand directly into his face.

But I just thought about it, because this guy has always been like this.

David had no choice but to say: "The cup you took is my Colombia, and this cup is your Brazil."

But it was too late, Abel had already taken a sip of David's favorite Colombian.

"It's all coffee. It's all South American countries. It doesn't matter whether it's Colombia or Brazil."

Faced with Abel's response, what could David say?

He had no choice but to take a cup of Brazilian coffee that he didn't like very much, with a slight grassy aroma, and sat next to Abel. He looked up at the opposite wall, which showed the latest international foreign exchange prices provided by Bloomberg.

It's better not to look at it, but take a look.

The Brazilian coffee David picked up to drink almost fell onto his tie.

"What? What's going on?"

David exclaimed in surprise: "What happened? Why did it fall so much?"

The reason why he was so surprised was because of the display screen now hanging on the wall.

The exchange rates for the two currency pairs displayed of JPY/USD and JPY/EUR have changed.

Real-time data is JPY/EUR 98.2370 and JPY/USD 108.3220.

"You read that right."

Abel took a sip of David's favorite, Colombian coffee that was said to have a sweet and light aroma.

He didn't taste any sweetness or fragrance from the drink, but it just felt very bitter.

Because of David, coffee is never sweetened.

Unlike him, who drinks coffee with sugar and milk.

"Just when you went to make coffee, we made back our losses. Now we make no losses or profits."

The coffee doesn’t taste good,

No more drinking,

He placed it directly on the table.

But now, David is no longer in the mood to pay attention to his favorite Colombia.

He put the coffee on the table, stood up and wanted to enter the safe house to learn about the reasons for the drastic changes in the Japanese yen exchange rate.

But he suddenly thought,

Isn’t the real master right next to me?

Instead of going inside and asking those traders, it would be better to ask this one.

"Why? How could this happen?" David looked at Abel.

Abel shrugged again and told him why.

"Just now. About five minutes ago."

"Neon's EFPD, at 10:43 a.m. local time.

The "All Neon Real Estate Brokers Association" was released, announcing the semi-annual rate of Neon's existing home contracted sales index in the first half of the year."

"Previous value: -2.3%."

"Expected: 1%."

"Published value: -0.6%."

The existing house contracted sales index refers to the statistical data on the sales of existing houses, completed houses or second-hand houses that have been signed.
To be continued...
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