Lin Jun is a legend among them.
22 years old, newborn calves are not afraid of tigers. With 3000 yuan, I have experienced countless thrilling and dangerous moments. With assets of more than 654.38 billion yuan, stepping on the major rhythms of the stock market and futures market in the year of no doubt, life has also been reborn.
I don't know how to enter the market
"I have been in contact with stocks since I was a student. On the one hand, I am influenced by the strong financial atmosphere in Shanghai, and on the other hand, I am also interested in it. " Lin Jun said, "I think I was born for investment in my bones."
1989, he happened to go to the market and found a rare variety. At that time, the price of the Peony Pavilion sheetlet with face value of 2 yuan dropped to more than 1000. He thought it was an opportunity, so he borrowed 1 100 yuan from his father and bought 65438 with a small test knife. At that time, I graduated from vocational school and worked as an electrician in a bus company. "This job was arranged for me by my father. It is dirty, the high voltage is 600 volts, gloves are often wet and conductive. Maybe it's life-threatening. The income is meager, only 54 yuan every month. " Even through the veil of memories, this "drudgery" still makes him cry.
Three years later, Lin Jun, who chose to continue his studies, graduated from RTVU. At that time, "Peony Pavilion" bought by a small test knife has risen from the original 1000 yuan to more than 6000 yuan. Finally, it was sold for 4500 yuan, and the net profit was 3 100 yuan.
1992, with the support of his father, he bought the stock subscription certificate of 100. Lin Jun recalled that just as he walked out of the business hall with the 100 subscription card, people around him cast envious eyes, "Wow, big family!" Lin Jun suddenly lost his mind. "3000 yuan will become a big stock market. Is there a play in the subscription card? " Before that, Lin Jun, who was active in thinking, was a stamp collector. In the postal market where only cash is used, he has seen a real big family: carrying 101 thousand stacks of "explosive bags" to trade. "At that time, there were no 100 pieces, all of which were ten pieces of paper money. There are too many pieces to count. Measure it with a ruler. "
However, Lin Jun never imagined that, just like putting all your eggs in one basket to buy the Peony Pavilion, the subscription card of 3,000 yuan eventually got assets of 600,000 yuan.
1992 in the second half of the year, the first bear market appeared in China stock market. Lin Jun, who graduated from college, had to work in a company under the Municipal Science and Technology Commission. But then the bull market came, and he resigned and went to stock trading. "Although I am interested in electricity, I am more interested in the stock market." Recalling the impulse when I was young, Lin Jun did not regret it at all. "At that time, I felt that the spring of the stock market came. As a sunrise industry, the stock market will definitely reflect my life value."
In this way, he began to struggle in the stock market without reading any professional books or understanding technical analysis.
1993, enter the treasury bond futures. And experienced the "327" incident. "Before entering the futures market, I experienced the bull-bear cycle of the stock market, from the initial 3,000 yuan to 600,000 yuan, and then back to 6,543.8+0.7 million yuan. Finally, I brought 6,543.8+0 million yuan to the national debt futures market and earned the first 6,543.8+0 million yuan in my life."
great ups and downs
1995, with the forced liquidation of treasury bonds futures, the stock market also fell to freezing point. Lin Jun, who has been looking for opportunities, turned to the plywood futures market. "At that time, I would only go long and not short."
Talking about the lush years, Lin Jun couldn't help laughing: "Five or six hundred thousand went in, and finally only lost thirty thousand. I finally know that the futures market is "too deep", and my operation has great problems, so I must learn. Then I closed the door and thought about it. I just looked at it and didn't do it until three months later. "
"At that time, it was found that there was a price black hole in the plywood market: the price required by the exchange for delivery included tax, and the price was around 48 yuan. The market is full of smuggling boards, and the price is around 38 yuan. Smuggling boards can't be sent, they must be sent with real duty-paid invoices. Once someone forcibly opens a position, the price will be at least in 48 yuan. If no one wants it, only 38 yuan. "
Lin Jun said, "I waited for 38 pieces, but I didn't wait for 39 pieces. At that time, I overdrawn 1.5 million Man Cang, and made more than 1.2 million lots from more than 400 hands. I didn't expect to earn 1.2 million. " He was 25 years old that year.
Fierce and fierce operation techniques, big talk, and daring to bet on Man Cang are particularly obvious in Lin Jun's investment career. ..
In 2000, due to many operational mistakes, millions of assets were almost exhausted in this year. Lin Jun's life and investment fell to the bottom, but after hitting the bottom, he completely bid farewell to the previous "chasing up and killing down" and completed a real leap in wealth and life.
Deep introspection made Lin Jun realize that he had wasted too many opportunities, and also made him wake up: mistakes come with the number of transactions, not the more the better. On the premise of risk control, it is enough to look at the trend, strike hard and seize several major opportunities.
But around 2000, with the gradual depression of plywood, coffee, mung bean and other futures varieties and the stock market, "there was no chance for two whole years." During this "vacant" period, Lin Jun systematically studied all kinds of knowledge about stocks and futures, making up for the lack of technical and fundamental analysis. "I didn't know the trading rules of john murphy until then ..."
A long wait means hopeless suffering and pessimistic abandonment for mediocre people, but it is a rare dormancy for those who pursue life improvement. Looking back, this ordeal gave Lin Jun the greatest growth.
In 2002, an accidental event completely changed Lin Jun's trading philosophy, paving the way for his later success. At that time, a friend wanted to buy 5000 tons of soybeans and asked Lin Jun to help write an investment plan. "For this matter, I deeply studied the soybean market at that time and spent two weeks writing a research report for this friend." At that time, according to the survey, he predicted that soybeans would rise to 2800 yuan/ton. According to this report and the sense of food, he did more on soybeans all the way, and every rhythm was accurate during the period. As a result, Lin Jun was not disappointed. This wave of market conditions quadrupled his capital.
"After reading for several years, I have been able to write a research report of thousands of words. Unlike before, I just looked at the K line. By 2003, it was clear when to buy and when to sell. When the turning point comes out, we will know whether the bull market is over. "
As Lin Jun said, he grasped it several times after 2003. However, this sense of accomplishment did not last long. He didn't understand the macro-economy and the financial attributes of futures, and was "injured" in the Bona bull market of copper futures in 2005.
In 2005, the copper price that started a bull market trip attracted Lin Jun's attention. "At that time, the market was constantly full of peaked remarks. Based on the analysis of cost and supply and demand, I think the copper price should not rise so high, and it has been empty at around $3,000, and the result is a short position. "
"During that time, it was very dark. Lose money when you are awake and lose money when you dream. I lost money every minute, even for weeks. It was not until a few million lost to only 400,000, and it was really unbearable to close the position. "
He was so depressed that he even wanted to commit suicide by jumping off a building. In retrospect, Lin Jun said: "Fortunately, I didn't borrow money to speculate in futures, otherwise I really jumped. During that time, I lost money every minute day and night, and my hair turned white. I feel stupid, and I have accomplished nothing at the age of 35. " I was really cheated at that time. The trading concept I believe in is actually wrong. I'm at a loss and don't know how to make money. I think my life is a huge failure.
After two weeks of deep reflection, he realized that this was a big bull market, and then decided to do more in aluminum futures. "The loss of copper quickly recovered from aluminum."
reborn
After this round of "bottoming out", Lin Jun's understanding of macro trends has deepened. With the improvement of the trading system, he has seized almost every market band since then and realized the rebirth of his life.
At the end of 2005, when the share price was very low, the share price of China Merchants Bank was 30% lower than that of H shares. After talking with some friends, he firmly believes that the bull market in the stock market is coming. So he made a bold decision. I sold my only house, took all my money and bought some stocks. In June, 2006, the share-trading reform, which had a profound impact on China stock market, was officially launched. As a result, these stocks were quickly reformed, which brought him huge profits. Since then, the continuous rise of the market, even madness, has brought Lin Jun rich returns.
He has always maintained a strong sense of risk. At that time, Lin Jun, who lived in Liangwan City, found that the business of nearby restaurants was particularly hot. People sitting in every restaurant eat and drink like rich people and talk about the stock market. Such a scene made him wary. In addition, the domestic A-share market price of China Petroleum is 48 yuan, while the highest share price of China Petroleum in Hong Kong at that time was only HK$ 19.2, and the growth rate of account opening has shown a downward trend, so Lin Jun judged that A-shares were seriously overvalued. This sensitivity and firmness saved him at a critical moment. In September 2007, he decisively cleared his position and changed his trading password, forcing himself not to set foot in the stock market.
The financial crisis in 2008 was also talked about by people in Jianghu. This unprecedented crisis wiped out the assets of many capital predators overnight, but they were sealed up by Lin Jun again, making their assets ten times.
In March 2008, Citibank suffered a huge loss of $9.7 billion, which made the subprime mortgage crisis appear in public for the first time. The experience of exploding positions in 2005 made him concentrate on macro research, and he felt that the big opportunity came. At that time, he paid close attention to the American real estate market, deeply studied the subprime mortgage crisis, and gradually understood why Paulson started shorting American real estate in 2006.
"I thought that copper would plummet, so I cooperated with senior researchers of futures companies to study the production supply and demand of electrolytic copper related industries. At that time, we thought that the impact of the subprime mortgage crisis was far-reaching, and the copper price would fall to $4,000 in the Spring Festival of 2009. " At this point, Lin Jun, who is short on copper prices, has answers. After the National Day holiday, copper prices fell sharply.
Before the National Day, Lin Jun ran out of copper as planned, but he was worried that the holiday would be too long. In order to prevent risks, he also made some more zinc. As a result, copper fell three times in a row after the holiday, and zinc gave him a second chance to close the position at the daily limit. "In fact, on the last trading day before the National Day, I was still hesitant to lose some short positions. Finally, I found that the monthly line was not held, and I strictly implemented my trading plan. "
After the Shanghai copper futures closed their positions for three consecutive daily limit agreements after the holiday, Lin Jun's second test came. "At that time, some friends in the industry began to see a rebound. I think the financial crisis has broken out. If the copper price rebounds to the pre-holiday price level, I will switch to futures. As a result, the day after the agreement was closed, I emptied my position to 97%. " In this "century gamble", Lin Jun gained a lot, and his funds increased by zero.
The continuous success of the stock market and futures market has made Lin Jun full of confidence in trading. Now that the trading system is perfect, he has set foot on two waves of market.
At the end of 2008, the domestic soybean futures contract fell to 2700 yuan. He studied soybeans for many years and knew that the price at that time was below the cost line. He believes that even if there is no market for industrial products after the financial crisis, there will be rigid demand for agricultural products, so he decided to buy them in full, and then the state introduced protection policies to make him profitable again.
"In early 2009, after the financial crisis broke out, I went to Hong Kong and saw long queues of former buyers in luxury stores such as LV and Chanel. The continued prosperity of Hong Kong makes me vaguely feel that I may have overestimated the impact of the crisis. Later, the State Council launched a 4 trillion yuan stimulus plan, which fundamentally changed the money supply. I want to close my eyes and make more goods. " Lin Jun said that this wave of doing more has brought him rich returns.
In 20 13, Lin Jun combined his collection interest with investment, and spent hundreds of millions of yuan to build the Financial Club of Horae Institution.
From small capital to big assets, Lin Jun's trading system has been continuously improved, and his operating style has also changed from radical to safe. In order to hedge risks, he diversified the money he earned, and the first part continued to invest in futures, and it was a diversified portfolio; The second part is used for investment in fixed assets; The third part is used to invest in industry and equity.
In the trading system, firstly, it focuses on technical analysis, then pays attention to fundamental research, and then constructs a macro-level research system to finally realize the organic combination of the three.
With more than 20 years of market experience, Lin Jun has invested more than one billion yuan from 3,000 yuan, combining his collection interest with investment. Continue to create your own legend.