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... oldings while simultaneously buying more, careful not to let the price fall too quickly.
When the price rose, he would reduce his holdings; when it dropped, he would buy more. The T+1 settlement rule wasn’t a problem for him, as he could operate on a T+0 basis every day. Whatever he bought at a low price, as long as the market went up, he could immediately sell it at a higher price to profit from the spread.
If the stock fell below 38 yuan, he would buy in to push the price back ...
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