I just want to enjoy life

Chapter 6 6 euros crash, $500 profit
After a while, Lin Haocang came to the trading hall, where there are retail trading halls and VIP trading halls.

Lin Haocang, who only has 1000 US dollars in his foreign exchange account, is naturally not eligible to go to the VIP trading hall, so he can only come to the retail trading hall. Like an Internet cafe, there are many computers in a row for retail investors to operate.

Because Lin Haocang came a little late, there were many people here, and they were very noisy, some of them were making loud noises.

There are many novices here, retail investors, as long as they express their views that are opposed to them, they will become hostile to themselves!
·
Lin Haocang suppressed his excitement and irritability, then found a place to sit down, turned on the computer, and logged into his account.

Then the EUR/USD chart opens.

····
EUR/USD is currently at 1.4703!

EUR/USD looks pretty strong right now!

A rising posture!
In particular, a medium-sized positive line appeared in the daily K-line chart of EUR/USD yesterday!
(Yang line represents rising, Yin line represents falling)

·
It seems predictable that EUR/USD will continue to rise today!

And in the lobby, many retail investors were clamoring to go long on EUR/USD!

"Today I dare to say that EUR/USD will continue to rise! I have already been long 5 lots of EUR/USD!"

"Haha, me too! It happens to be 5 moves!"

"The euro/dollar rebounded sharply yesterday, and it will continue to rebound today! Hey, I bought 10 lots of euro/dollar last Friday, and I'm still holding it now!"

"Me too, I'm just waiting for the EUR/USD to continue to rise today!"

·
At this time, Lin Haocang immediately opened the virtual screen in his mind.

[Hostile value]: 30
(Note: The hostility value comes from the hostility of investment industry participants towards players, and the upper limit of hostility value is 100!)
【Prediction function】

(Remarks: The prediction function can be pre-invested in the market, 24 hours, 1 week, 1 month trend chart, each use of the prediction function consumes 10 points of hostility!"

Immediately, he used the prediction function to predict the daily K-line chart of EUR/USD today!

It is found that the predicted result is a super big Yinxian!
It means that the EUR/USD will fall sharply today! ! !

Seeing that 【Hostile Points】consumed 10 points and left 20 points of hostility points, Lin Haocang calmly looked at those retail investors who were long EUR/USD!

He sneered in his heart: "These guys lost money today, and when I show off my money, they can contribute hostility points to me!"

····
At this time, the EUR/USD suddenly fell, falling by 3 points in a few seconds, from 1.4703 to 1.4700!

Lin Haocang made a decisive move immediately!

At the 1.4700 position, he directly shorted 0.5 lots of EUR/USD, and a fluctuation of one point is a profit and loss of $5!
Because the margin needed to short a lot of EUR/USD is 1000 US dollars, but Lin Haocang's account only has 1000 US dollars, so it doesn't work.

So he chose to short 0.5 lots, 0.5 lots would require a deposit of 500 US dollars, and at the same time keep 500 US dollars of available funds in the account!
(The calculation formula and the introduction of the margin are in the writer's testimonial)
····
Time is slowly passing, and the EUR/USD has been oscillating near the 1.4700 position!

·
Investors in the retail trading hall didn't care at all that the euro/dollar encountered resistance above the 1.4700 position.

I just feel that EUR/USD will definitely continue to hit new highs!
Some retail investors have greed in their tone!

"Give me a rise!"

"Go up!"

"Now it's time to add some positions at a low position!"

"The support at 1.4700 is very strong, everyone can add positions here!"

"We're pulling together EUR/USD!"

"Today I will earn more than 50 pips before leaving!"

····
Lin Haocang sat in the corner, watching these guys' greedy remarks with a sneer!
·
About two hours later, EUR/USD suddenly completely fell below the support level of 1.4700, and then plunged all the way!
After 5 minutes, EUR/USD fell to 1.4680!

·
又在1.4680位置震荡了2分钟，然后欧元/美元彻底跌破了1.4680位置，3分钟之内直接大跌了30个点！

From the 1.4680 position to the 1.4650 position! !
·
Immediately, many investors in the retail investor hall felt cold in their hearts!

"It's just a normal callback!"

"The general trend is still bullish!"

"Don't panic, don't panic, I will continue to hold it!"

"Hey, I'll add another position to go long!"

···
At this time, Zhou Sheng, a retail investor beside Lin Haocang, saw that Lin Haocang's account was floating with 50 pips, so he said, "Little brother, you are lucky!"

Lin Haocang said indifferently: "En, it's okay!"

Zhou Sheng reminded: "Let's level it out early, and the euro/dollar will rise later!"

·
Lin Haocang tilted his head and said, "What if it continues to plummet?"

Zhou Sheng said with a smile: "It definitely won't fall, I'm planning to increase my position and go long!"

"Close the position early, young man!"

·
Lin Haocang didn't look at him, and said coldly, "Don't talk nonsense!"

·
Zhou Sheng shook his head in disappointment, and didn't speak any more.

·
Next, the EUR/USD continued to slump as if it had been struck by a thunderbolt!

15 minutes later, EUR/USD fell another 50 pips!

From 1.4650 position to 1.4600 position!

On the 15-minute trend chart, a long Yinxian appeared!

Zhou Sheng who was next to Lin Haocang was scared silly!
I saw big beads of sweat appearing on his forehead, and he stared nervously at the board!

·
Those who are long EUR/USD in the hall are even more wailing!
·
Lin Haocang saw that his account had a floating profit of 100 pips, a total floating profit of 500 US dollars, he knew that today's first big drop was over!

So I immediately closed my short position of 0.5 hands!
His account equity is now $1500!
Profit up to 50%!

This little victory is not bad, 500 US dollars is not much, but Lin Haocang seems to be sweetened a bit, very comfortable!
That feeling is really cool.

　(In the foreign exchange market, 1 lot is 10 base currency. For example, EUR/USD is at 1.4700. If you buy 1 lot, it is equivalent to holding 1.4700*10*147000=[-] face value.

　　It reached 1 after rising by 14701 point.

　　It means that the face value of your lot has increased.

　　The calculation is as follows. 1*14701*10=147010.

　　147010-147000=10.

　　The $10 is your profit.

　　On the contrary, you lost $10.

　　If you are interested, you can Baidu, the above may be much clearer than me.

　　Let's talk about the deposit, just talk about the image.For example, for a batch of goods, you are optimistic about the price increase and want to buy it, but the value of this batch of goods is 1000 million, and you only have 10 in hand, what should you do if you can’t buy it?
　　This is where financial leverage comes into play.

　　For example, the bank gives you 100 times leverage, but you only pay 10 deposit, and the bank pays you the remaining 990 million.

　　So you can buy the 1000 million goods.

　　Your 10 is equivalent to the deposit in the bank, which can also be said to be a risk fund.

　　When the price of these goods increases to 1100 million, you will earn 100 million.

　　Of course, in reality, it is impossible for a bank to give you such a high leverage.

　　Just like the down payment for buying a house, 2% and 5%, the leverage of the bank is 5 times and 2 times respectively.

　　If you only pay a down payment of 100 for a house of 1 million, the bank will give you 100 times leverage.

　　Leverage effects are everywhere in life, and the greater the leverage, the higher the risk. )
　　
　
(End of this chapter)