Money Keeps Piling Up No Matter How Much I Spend

Translator: Dreamscribe

Newly listed stocks do not appear frequently, but they do appear consistently. (TL Note: Listed stocks are shares of a company that have been admitted to trading on a stock exchange. This means that the company has met the exchange's requirements and has been approved to have its stock bought and sold on that specific exchange. )

And listed stocks were shares with extremely high volatility.

Therefore, they were also the best playground for short-term traders.

Since the offering price and the market price come out differently, and they fluctuate drastically between the upper and lower limits, the so-called “Chasing the market” happened most frequently in this area. (TL Note: "Chasing the market" in stock trading refers to the act of buying or selling securities based on recent price movements, rather than on a fundamental analysis of the company or its long-term prospects.)

There were even short-term traders who purposely waited for IPO stocks to appear while preparing their ammunition.

Naturally, including Team Leader Park, many traders today must have been thoroughly prepared to get in on KK Bank’s IPO stock.

This was because if they executed the buy-and-exit strategy well, they could see sweet profits.

“.......”

However, Team Leader Park did not put in a single penny into KK Bank.

It wasn’t because he was afraid he wouldn’t be able to get in and out.

It was because of Jung Jin-ho, who charged into KK Bank the moment the market opened.

'This time he sells in 30 seconds, then buys again after 1 minute. What on earth is his basis for doing that?'

Technical analysis.

It wasn’t created by any one individual, but rather a trading method developed over a long period by many investors and analysts.

Prop traders conduct basic analysis first, then move on to technical analysis.

Technical analysis was about analyzing human psychology and predicting market volatility by looking at charts, based on the premise that all data is contained in market prices.

But everyone knows.

Technical analysis sounds plausible in theory, but it is impossible to perfectly predict stock prices through it.

If that were something that could be done with a supercomputer, we wouldn’t need so many traders in the first place.

That’s why, even when countless veterans dive into IPO stocks, most end up losing money, fooled by the charts filled with human madness and chaotic psychology.

He could tell just by looking at the order book screens of the team members right now.

No one was making gains; everyone was just losing.

'But how am I supposed to explain this?'

The one and only person making a profit.

Jung Jin-ho.

And he had thrown his entire 5 billion won capital into this gamble.

What’s more, he was continuously making small profits through second-by-second buying and selling.

No matter how many times he watched it, Park simply could not understand it with logic.

Was it analysis based on charts?

Or was there something else?

Whatever it was, the most important fact was that Jung Jin-ho was making money right now.

And at an astonishing speed!

'He already broke 5%.......'

But it wasn’t long after surpassing 5% that the number went up again.

'7%... 10%... 12%... This is crazy.'

Even though it wasn’t his own trade, Team Leader Park’s hands were trembling.

If it had been Team Leader Park, he would have been satisfied at 5% and wouldn’t have gone further with risky investments.

He wouldn’t have gone all-in on a single IPO stock to begin with, and even if he had, he would have quickly exited at that level.

But Jung Jin-ho was showing an insane move by reinvesting all of his gains back into the IPO stock without pulling anything out.

'If he makes one slip-up, he’ll lose everything he worked so hard to earn, won’t he?'

Should he go and stop him right now?

Team Leader Park even forgot he needed to start trading himself and was deeply conflicted.

He wanted to tell him to stop the madness and invest that money somewhere else instead.

'But how do I stop this?'

From the moment the market opened until now.

Jung Jin-ho had not lost money even once.

How should he describe this scene?

Yes. An impossible event.

'I’m witnessing something that shouldn’t be happening, right in front of my eyes.'

“.......”

Time passed like that.

To Team Leader Park, it felt like it flew by like a bullet.

And in front of him, the return rate that Jung Jin-ho had pulled up was shimmering.

[+20%]

'Fucking Crazy son of a bitch.'

Unable to contain his boiling emotions, Team Leader Park ended up cursing without even realizing it.

Could there be a more blunt and accurate expression than that?

Buying a stock and then seeing it rise 15% the next day is something that only rarely happens.

But in the Korean market, where the upper limit is capped at 15%, this was the first time he had seen someone generate 20% purely through short-term trading.

No matter how well you ride listing gains, you can make money.

But going all-in on such a risky IPO stock, repeating buying and selling, and ending up with 20%? This update ıs available on N0veI.Fiɾe.net

Is this really possible?

‘He finally stopped.’

Around a little past 1 p.m.

Jung Jin-ho suddenly pulled out all his money.

He even closed the order book window completely.

And he no longer traded.

He just leaned back in his chair with his eyes closed.

‘Don’t tell me he’s sleeping? No way, right?’

The market is still so actively running?

However, Jung Jin-ho didn’t move at all in that position.

Team Leader Park had thought maybe he wouldn’t stop at 20% and would keep going.

‘Ah. Of course.’

The IPO stock, which had been swinging wildly up and down, finally began to show a normal trend.

The trade volume, which had soared like madness, also began to stabilize as it decreased.

Jung Jin-ho stopped trading because of exactly that.

Now that signs of normalization were showing, he exited without hesitation and took his profit.

Both the timing of entry and exit.

Clean.

No, terrifyingly perfect.

‘This is truly like someone who came back from the future-’

[Team Leader Park Hong-seo. You're being called by the CEO.]

There was still some time left before the market would close.

Unless something serious happened, there was no reason to be summoned to the CEO’s office before then.

And from the beginning, Team Leader Park had no reason to be called to the CEO’s office.

Normally, if something happened, they would summon someone at the Department Head level, not a Team Leader.

So the fact that a Team Leader was suddenly summoned like this.

‘It’s because of Jung Jin-ho.’

***

The lineup of members gathered in the CEO’s office was impressive.

Director, Senior Managing Director, Managing Director, Department Head, Deputy Department Head, Team Leader, and so on.

Once everyone was assembled, CEO Hwang Dae-woon entered the office, furrowing his brows.

“What? Why are there so many people here?”

"You told me to gather all the people in charge, CEO-nim.”

“Why didn’t you bring the Vice President while you were at it?” (TL Note: The CEO position can also be translated as President, and the person below him is Vice President of the company.)

“Vice President is overseas, so I couldn’t summon him.”

“...Get out.”

“Yes, sir.”

Hwang Dae-woon shook his head as he watched the secretary politely bow and leave. Still, the guy was definitely diligent.

“Everyone, take a seat. There are a lot of people, but this is exactly why we built the CEO’s office big.”

Probably half the people in the room didn’t know why they had been suddenly summoned.

“Let me get straight to the point. You all know the guy I pushed through, right? I called this meeting because of him.”

“Huh? Was there an employee you personally pushed in, CEO-nim?”

“Well, Managing Director Woo and Senior Managing Director Tak probably wouldn’t know. Same for the Deputy Department Heads. But the Department Heads should at least have a rough idea, right?”

There were two Department Heads present today.

One from the Prop Trading Department.

The other from the Risk Management Department.

Both of them nodded, as if saying they knew this was coming.

“I know very well that the fact he’s a parachute hire has been bothering you. But someone gave that newly arrived guy a 5 billion won investment capital.”

“What? To a newbie? Even if he’s someone the CEO pushed through, what on earth were you thinking......!”

As Senior Managing Director Tak was about to explode in anger, CEO Hwang raised his hand, signaling him to calm down.

“I’m not here to scold anyone. I’m just asking out of curiosity. Who was it?”

“That would be me, CEO.”

“Right. It’s Team Leader Park Hong-seo, isn’t it? The team where our Jin-ho is.”

‘Our Jin-ho’-

Just from that, Team Leader Park could get a sense of the relationship between CEO Hwang and Jung Jin-ho.

“I gave him the capital because I saw potential in him.”

“Potential? Are you sure you weren’t just being cautious because the CEO backed him?”

As Senior Managing Director Tak threw a jab, Team Leader Park shook his head.

“No, sir. Not just potential. He’s a proven talent through results.”

“Ha. If someone heard that, they’d think he made like 5% profit in a day or something.”

A prop trader making 5% profit in a single day could easily be called the ace of the team.

“He made more than that.”

“What?”

“Yesterday’s daily return was 10%. And today’s return is a whopping 20%.”

Senior Managing Director Tak, who had briefly shown a surprised expression, soon twisted his face.

“Are you messing with us right now? Yesterday 10%, and today 20%? What kind of nonsense is that? Do you think we’ve never done trading before? And if he’s a prop trader, he must’ve done it with short-term trades, right? But he made 20%?”

It wasn’t just Senior Managing Director Tak.

Everyone who didn’t know about Jung Jin-ho’s profit rate today had the same look on their faces.

Because, logically, it was absurd.

“I understand that it’s hard to believe. But it’s undoubtedly true. Why would I lie in front of seniors like you?”

His face was serious, without a trace of playfulness.

“CEO-nim. I mean, what is this guy even saying right now......”

“What he said is true.”

"What?"

“Jin-ho’s return today was indeed 20%.”

“!?”

The CEO had made it official.

Only then did the eyes of the executives widen in shock.

“T-t-that makes no sense, does it? 20%? Through short-term trading!?”

“Seems like he chased the IPO stock, buying and selling repeatedly.”

“Even so! That’s not a number you can hit just by being lucky!”

“That’s exactly why I called you all here. Originally, I was going to quietly meet only with the department heads on Jin-ho’s team.”

Leaving behind the executives still unable to process the shock, CEO Hwang looked over at Team Leader Park.

“You entrusted that large sum of capital to a newcomer purely based on ability?”

“I heard that he’s not related to you by blood, CEO-nim.”

“Well... that’s true.”

CEO Hwang's guild also has a motto.

[A Guild Like Family]

Some might say it’s an exaggeration, but even in a game, there’s a sense of romance and people’s lives contained in it.

And the one he was closest with there was none other than Jung Jin-ho.

Of course, he hadn’t bothered to explain that they had met through a game.

“But family doesn’t always have to be by blood, does it?”

At that, even the executives flinched.

If he was saying that much, it meant CEO Hwang and Jung Jin-ho had a very close relationship.

“Yes. Even if there is a personal connection, I didn’t feel that you brought him into the company just because of that. Surely, you must’ve seen ability in Deputy Manager Jung Jin-ho.”

Jin-ho’s ability.

CEO Hwang had been watching him for several years.

If it weren’t for him, the guild would have been disbanded long ago.

Do you know how difficult it is to operate a guild in a game, managing numerous guild members and forming raid teams to do raids together?

If even one raid member makes a slight communication mistake, the team collapses, and so does the guild.

But that guy handled communication and operations so well, stepping in for the guild master, CEO Hwang.

That’s not something one can learn.

You have to be born with it.

“Jin-ho definitely... has ability.”

Though, to be honest, he had brought him into the company primarily because of their relationship.

“But everyone knows how great your eye for talent is, sir, so I wanted to rely on that ability. And, sure enough, he has outstanding investment skill. It’s just that his ability far exceeded what I had expected.”

“Ahem. I-I see.”

“Wow. So the CEO brought him in before another company could steal him away? As expected, your eye hasn’t dulled one bit.”

Unintentionally, CEO Hwang was now being praised for his talent-spotting skills.

“What does the Risk Management Team think?”

“I... think it’s extremely reckless. The trades that Trader Jung Jin-ho is making go against our firm’s regulations. It’s no different than crossing a single-log bridge all alone. It’s like charging in headfirst with no risk management whatsoever?”

“I think differently.”

But Team Leader Park immediately countered.

“I believe he’s doing it for good reason. Judging by his investment approach, it’s clear that he has his own algorithm.”

“And what is that algorithm?”

“I’m sorry to say this, but even if Jung Jin-ho spent all day explaining it, no one would understand it.”

“Of course not. Because it doesn’t make any sense. What kind of algorithm would there even be for something like that?”

“He’s someone who made 10% in a day, and then 20% the next day through short-term trading alone. Didn’t the Senior Managing Director just say it too? That kind of result isn’t possible through luck. Which means it wasn’t luck, it was skill.”

“.......”

Jung Jin-ho’s unique algorithm.

That was something no one could understand or explain, yet it clearly existed.

“So, that’s the situation. What does everyone think?”

Everyone silently looked at each other.

A parachute hire directly placed by the CEO.

But that parachute’s abilities weren’t just unusual, they were at a monstrous level.

“Still... I think we need to observe a bit more. It hasn’t even been two full days yet, has it? And besides, this Friday is when the final performance results come out, so it might be better to wait until then...”

As expected of the Risk Management Department Head.

He continued to express doubt until the end.

“But what if the results are good?”

“Then shouldn’t he be promoted to the next tier immediately? Even if it requires a very bold personnel move.”

Traders have tiers as well.

Starting from the standard senior tier, and then what comes next?

Elite.

In that level, they handle more capital and engage in more diverse investments.

Also, the settlement ratio changes.

The more you earn, the more you take home.

“Any objections?”

Everyone remained silent.

Who would oppose promoting a person with real ability?

“Then let’s proceed with that.”

CEO Hwang let out a dry laugh.

He didn’t bring Jin-ho into the company expecting this.

But somehow, he had become someone stirring up the entire firm.

***

My eyes were stinging and my head was aching, so I closed them for a moment.

It was just to relieve some eye strain.

“Jin-ho ssi. Do you know how much I made today~? Hm? Jin-ho ssi. Jin-ho ssi!”

“Gah!”

But what was supposed to be a short rest turned into deep sleep before I knew it.

I was sure I closed my eyes around 1 p.m.

“No way. Jin-ho ssi, don’t tell me you were sleeping?”

I passed out until the market closed? At the office!?

You crazy Son of a Bitch!

Even if I wrote an apology letter, no. Even if I received disciplinary action, I would have nothing to say.

Why the hell did I fall asleep?

Was it because of mental overload?

“How can you sleep like that? Since when were you out?”

“Well, uh...”

“I worked so hard analyzing and investing until the market closed today and made a whole 3%! Jin-ho ssi, you told me to go into KK Bank today, remember? So I threw myself into it, but you... how could you...”

Even with ten mouths, I had nothing to say.

“But it’s fine. In the end, we’re judged on profit here, right? As long as you make a return, you don’t even have to show up to work. Let me see how much you earned. If you just slept and didn’t make any money, then today’s the day you’ll face your sunbae’s wrath... huh?”

Lee Hye-rin sunbae looked over my trading window here and there and tilted her head.

“Jin-ho ssi. I think this might be a bug. 20%? That doesn’t make any sense.”

But I knew that wasn’t a bug.

So I made 20% today.

“It’s probably not a bug.”

“T-this isn’t a bug?!”

Deputy Manager Lee Hye-rin froze on the spot.

“Deputy Manager? Are you okay, sunbae?”

She seemed completely frozen, not even responding when I waved my hand.

Only after I grabbed her shoulder and shook her did Lee Hye-rin sunbae snap out of it.

“Jin-ho ssi.”

“Yes?”

“Please sit right there. I’ll bring you a blanket. And I’ll make some warm tea. No, I'll be right back with it.”

“Uh?”

“I dare disturbed the noble one’s precious slumber. I sincerely apologize.”

“No, wait, what are you suddenly talking about...”

“I’ll bring some snacks too while I’m at it! Please wait just a momenttttt!!”

Before I could even stop her, Lee Hye-rin sunbae had already dashed far away.

*****

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