I'm not really a god of rebirth

Chapter 438 Li Dong, I Was Killed By You

Li Dong has been doing intraday trading of US stocks for more than ten years in his previous life, so he naturally knows the intraday status of US stocks in these years.

One year is worse than one year.

Various measures aimed at restricting intraday trading have been introduced, such as no two-way order placement, time limit for order cancellation, order placement cannot exceed the current price, and so on.

Penalties for violations are also getting heavier.

While traders' trading restrictions are getting bigger and their incomes are getting less and less, there are also rising software fees, channel fees, handling fees, and information fees...

Later, many old traders like Li Dong who had worked for more than ten years couldn't do it anymore and switched careers one after another.

In this life, although Li Dong did not do intraday trading anymore, as a trader, he still did not want to see this industry gradually decline.

The day trading industry needs to change.

Giving traders a basic salary can attract and retain more outstanding talents.

With people, the industry can develop.

In fact, including Li Dong's own trading company, he is also planning to make some changes.

Still feel at ease to give him advice.

An Xin suggested that he develop in the direction of programmatic trading.

In Li Dong's original idea, the purpose of setting up this trading company was to help him trade.

In addition to trading, traders can do some day trading.

Li Dong also talked with An Xin about this.

The good thing about An Xin is that she dares to say what she thinks directly.

When she was in Winbond, she dared to express her opinion in front of Li Han.

An Xin told Li Dong that since a trading company has been established, it needs to develop its business in a serious manner.

It's not the ecology that a healthy company should have just to give Li Dong a hand and make a move.

To put it bluntly, this is not even a company.

It is more appropriate to say that it is a gang.

She An Xin didn't want to waste her great youth on an unscrupulous company.

I don't want to just go to work in such a muddleheaded way to get paid.

Her aim has always been, either do not do it, or do it to be the best.

She just thinks that programmatic trading is the general trend, and now Donglai has this condition, so it should develop in this direction.

The company has recruited dozens of traders, and they can't just let them operate the market and do intraday trading.

Such a waste.

It is necessary to maximize the value of these traders.

If they have nothing to do, let them study more trading models, find someone to do a few trading programs based on their trading models and trading ideas, and then let them test the trading programs.

In the future, the company will mainly focus on programmatic transactions.

If there is a good opportunity for Li Dong to enter the field, he can also enter the field programmatically.

What's the age, and you still use people to manage it?

In the future, the work of these traders, in addition to being responsible for developing, perfecting, supervising, and correcting trading procedures, is the executor of the procedures, operating the procedures to trade.

After listening to An Xin's suggestion, Li Dong felt quite reasonable.

Of course he knows that programmatic trading is a trend.

Even ten years ago, some foreign investment institutions began to use programmatic transactions.

Those who do intraday, and the electronic orders that they frantically swiped the year before, are programmatic transactions.

Relying on the foresight of his rebirth, Li Dong will hardly have to worry too much about making money in the next few years.

In the next few years, there will be several waves of great opportunities, and if he catches any of them, his assets will double again.

However, during the validity period of his cheats, he can still make money by relying on cheats.

What about after the plug-in expires?

What about his trading company?
disband?

Is it a little too playful?
It's too irresponsible.

What's more, as An Xin said, I have recruited so many traders, analysts, and risk control specialists, and it is too wasteful just to let them come over to help me.

You have to make the most of their value.

Why not take advantage of this opportunity to engage in programmatic transactions.

If programmatic transactions can be implemented, the company can still survive even if its own plug-ins expire in the future.

Therefore, Li Dong handed over this matter to An Xin to take full responsibility.

…………

On the side of the trading company, people continued to join in.

In more than half a month, the team of traders increased to more than 50 people.

Wang Zhongxin and Zhu Changjian also introduced several analysts to Li Dong.

An Xin also recruited a few people through interviews, and also recruited a few computer talents.

It is prepared for programmatic transactions.

The trading program can be customized by an outside software company, but it is best to let your own people do a lot of work in the later stage. It is definitely inappropriate to hand over all the work to outsiders.

With the continuous increase of personnel, the company has gradually moved towards the right track.

Li Dong hasn't issued a trading order yet, so traders like Zhang Xiaojun are mainly doing intraday US stocks.

Li Dong also followed them for two days.

I looked at what everyone did.

To be honest, it's pretty average.

It is becoming more and more difficult to scan the black market now.

At that time, it was normal for Li Dong to spend tens of thousands or hundreds of thousands a night.

But now, Zhang Xiaojun and the others only made a few hundred in one night.

There are very few over a thousand.

What they earn in a month can't keep up with what Li Dong earned overnight.

There are fifty or sixty traders, all of whom are mature and experienced traders, and their level is not bad. According to this posture, the company can earn hundreds of thousands of dollars a month.

After removing all kinds of miscellaneous expenses and employees' wages, there is basically no money left.

An Xin was speechless.

Also anxious.

I thought that the traders Li Dong worked so hard to find were of a high level.

As a result, this is it?
With hundreds of millions of dollars in funds, earn hundreds of dollars a day?

It's better to put the money in the bank with higher interest rates.

This is also called a trader?

Originally, I was reassured and counted on these so-called professional traders to study trading models and develop trading programs.

Looking at it now, forget it.

At this level, the trading program made is not much better.

An Xin went directly to Li Dong, saying that the traders he was looking for were too poor, no way.

As the company's core profit-making department, fifty or sixty so-called high-level traders hold billions of dollars in funds, but they can't even earn their employees' wages.

What is the meaning of existence?

Is it just for Li Dong to trade?
What's more, at this level, they are still expected to make a trading model?

The money-losing model is more or less the same.

An Xin scolded Li Donghao again, saying that when he recruited analysts, his requirements were quite high, and he had to go to the capital to recruit.

As a result, traders who are more important than analysts, just find a few people to deal with them at random?

Faced with An Xin's questioning, Li Dong didn't know how to explain.

He was born in intraday trading, so he is naturally very clear about the characteristics of intraday trading.

It is really impossible to simply use the rate of return to measure the level of traders.

It is true that Li Dong gave Zhang Xiaojun and the others [-] million U.S. dollars in capital authority, but it is impossible for Zhang Xiaojun and the others to use all of the [-] million U.S. dollars in the actual transaction process.

In many cases, only tens of thousands or hundreds of thousands are used.

Most of the funds have actually been idle.

This is mainly related to practice.

Zhang Xiaojun and his group’s method of brushing orders are all stocks with relatively small plates, relatively light fluctuations, and relatively low trading volume.

This kind of stock, you just want to buy more, but you can't get in.

In fact, one person gives them access to $100 million, and they still make that money, but the rate of return looks completely different.

It's just that Li Dong, a day trader who has been in business for more than ten years, knows these things well, but An Xin is unclear and difficult to understand.

From An Xin's point of view, traders don't look at the rate of return, so what do they look at?
With [-] million U.S. dollars and earning [-] a day, the level is just not good.

It's not okay to say that the sky is broken.

Li Dong doesn't care how much money Zhang Xiaojun makes in their day trading, but An Xin can't help it.

Li Dong explained to her, but he couldn't explain it, so he asked her what she planned to do.

How to do?
According to the idea of ​​peace of mind, it is best to fire all these people and recruit high-level traders again.

However, An Xin also knows that the company has just set foot on the right track, and the large-scale dismissal of employees is a great blow to the company's reputation.

In the future, the company should not even think about mixing in the trading circle.

Moreover, after dismissing Zhang Xiaojun and the others, where to recruit a group of high-level traders in a short period of time is also a problem.

In addition to this, there is another point, which Li Dong explained to her just now, that is, Zhang Xiaojun and the others, it is not because of poor level, but because of method.

The method of brushing orders, especially after the black market is restricted, the upper limit of profit is almost the same, and it is difficult to increase it.

If you want to make more money, you have to change your method.

So now the first thing to solve is the problem of method, rather than simple and rude expulsion.

An Xin told Li Dong, first of all, the next step is to raise the bar for recruiting traders.

As long as the level is high, the average level is not necessary.

Then, she and several other analysts also came to study intraday trading.

Regardless of the U.S. stock market, several other markets should also be studied.

See if you can work out a few more efficient trading methods.

The last point is that the company will start the elimination system for the last place.

The evaluation is performed every quarter, and the one with the bottom one in this quarter's performance will be eliminated.

Li Dong thought about it, the first two are nothing, it is the third elimination system.

It seems a little cruel.

However, the capital market is inherently cruel.

The capital market is not even the last elimination system, but the more cruel first survival system.

Only a few survived, and most were brutally eliminated.

It is also a good idea for the company to use the last elimination system.

At least put a little pressure on those traders, so that they just want to dawdle in the company.

After the two made their decision, An Xin went to hold a meeting for the whole company.

Mainly to announce these decisions.

Li Dong didn't show up.

I feel ashamed in my heart, and I don't know how to dare to face Zhang Xiaojun and the others.

He really isn't fit to run a company.

My heart is too soft.

After An Xin announced these decisions, the opinions of the traders were quite big.

Everything else is easy to say, but this elimination system for the last place is really too cruel.

Some people questioned what to do if it was because of bad luck that they lost a large sum of money, which led to a negative performance for the entire quarter.

Anxin said that if the loss is really caused by objective reasons, the company will definitely consider it as appropriate.

But if it is not for objective reasons, then there is nothing to say, the last one must be eliminated.

An Xin's tough attitude made many of the company's traders feel dissatisfied.

Most of them are old traders who have been doing it for several years.

The level is not bad, at least it can make stable profits.

In the original company before, the boss coaxed them with nice words.

As a result, after coming to Donglai's side, they subconsciously felt that they had been poached by Donglai, and Donglai must have a better attitude towards them.

Who would have thought that An Xin, the general manager, would be so unreasonable.

What kind of bottom elimination system is going on.

Although they are self-conscious, with their own level, among the fifty or sixty traders in the company, they will never be ranked at the bottom.

But what if?
If it really ranks at the bottom and is eliminated, wouldn't it be embarrassing?

After this meeting, more than 20 traders of the company left directly.

Not only that, these traders who left Donglai began to speak ill of Donglai everywhere.

What are you talking about letting a woman manage the company, and the layman leads the expert, so what kind of bottom elimination system is implemented.

If it goes on like this, it will be over sooner or later.

As a result, many traders who were planning to come to the East retreated.

But the bosses of other trading companies were relieved.

Before, Li Dong's basic salary made trouble, and everyone's life was not easy.

The company's traders are clamoring for a basic salary.

Okay now, want a basic salary?Then go to the east, when the time comes, you will be eliminated by the last place, don't cry and beg to come back.

However, these bosses were not happy for too long. Immediately afterwards, news came that Zhao Tao from Yuncheng had also paid the traders a basic salary.

The bosses immediately turned their guns on Zhao Tao.

To put it mildly, he posted a post on the forum condemning Zhao Tao.

If you are more aggressive, call Zhao Tao directly to scold him.

Zhao Tao was dumbfounded.

After listening to Li Dong's suggestion, Zhao Tao seriously studied a basic salary plan when he returned home.

After soliciting the opinions of the employees, after nearly a month of hard work, they finally gritted their teeth and launched the basic salary plan.

In the end, Li Dong, who had agreed to help him bear the infamy, implemented a bottom-up elimination system.

It was like Li Dong took a step back and pushed him to the front.

Now Zhao Tao is in a dilemma.

Continue to pay the basic salary, a bunch of bosses scold him, he is almost becoming the black sheep of the entire day trading industry.

Let's not pay the basic salary, tell the employees, and then backtrack, will the employees be happy?

He could, like Li Dong, set up a final elimination system.

But he also saw what happened to Li Dong, and the company's traders were almost half gone.

Zhao Tao didn't want to suffer the same experience as Li Dong.

In the end, there was no other way, and Zhao Tao could only bite the bullet and pay the employees a basic salary.

In his heart, he wanted to cry but had no tears: Li Dong, I was cheated to death by you.

(End of this chapter)