In 2016, property insurance claims adjuster Chen Mo entered the futures market, coinciding with the epic black market caused by the supply-side reform. With his actuarial thinking, he first tasted the benefits of huge profits, but he did not know that he had fallen into a whirlpool that devoured rationality.
Starting from a capital of 100,000, he has experienced frenzy and disillusionment in the leverage world: the peak of the black series in 2016, the loss of positions during the regulatory storm in 2017, the extreme shock of "negative oil prices" in 2020, and the desperate counterattack of the London Nickel short squeeze in 2022. In ten years, he fell from the favored son of heaven to the abyss of debt, and finally completed his redemption through the tempering of his cognition and character.
This is not only a trader's growth epic, but also a mirror that reflects human desires and the tide of the times. The work is strictly based on real market data and events, and through the dual narrative of futures and insurance, it deeply reveals the survival fable of a risky society.
When the K-line dominates the heartbeat, how many times does a person have to experience liquidation before he can understand the language of the market? "Ups and Downs" is dedicated to everyone who is trying to grasp their destiny in the wave of the times - whether they are facing market software or life choices, the core proposition is always how to dance with risks.
