My life turned upside down after the divorce

Chapter 52 Differences Between Futures Markets and Stock Markets
"Eight hundred million meters of gold!" Everyone couldn't help shaking.

[-] million meters of gold to buy oil, and oil futures, which are futures!
You don't need to pay the full price to buy futures, you only need to pay a [-]% margin, you can buy, and wait for the futures price to rise or fall.

In other words, buying oil futures with 80 million meters of gold leverages the crude oil market of [-] billion meters of gold.

Converting 80 billion US dollars into national currency, that is more than 600 billion!

If their boss wins the bet, the price of crude oil will drop to 24 meters before December 35th, and they can earn at least 500 billion national currency. What a huge fortune this is!
The time is only a short period of one and a half months, and it is now November [-]th.

If the bet is lost, the 60 million rice gold and the wealth of more than [-] billion national currency will be wiped out.

This is undoubtedly a grand occasion, and as participants, they can definitely recall things for a lifetime, so how can they not be excited?

But Wang Dalong doesn't care about these, because these are all the money he earned, even if he loses nothing, he can bear it, after all, he was just a penniless person half a year ago.

And the [-] million US dollars was when he traveled to Hong Kong Island in mid-July. After the Hong Kong Island Futures Company opened the US futures authorization, when the crude oil futures peaked, he bought oil and it fell sharply.

At that time, he did not dare to put all his eggs in one basket. He just bought 500 million barrels of oil futures, worth 7000 million meters of gold, and paid a deposit of [-] million meters of gold.

On September 9, Lehman Brothers in the United States filed for bankruptcy protection, triggering market concerns about financial institutions and putting huge pressure on the stock market and oil market. The price of crude oil futures on the New York Mercantile Exchange (NYMEX) plummeted 15 meters to close at 5.74 meters gold, which is the first time since March to close below 95.71 meters gold, has fallen by 3 US dollars in two months, a drop of 100% 51.56, and then the next day, international oil prices continued to fall by 30.00 US dollars, closing It was at $4.56 a barrel, the lowest since Feb. 91.15.

After that, I made a difference of 55 meters of gold per barrel, and made a huge profit of 500 million meters of gold.

After earning 500 million gold, Wang Dalong bought another 3000 million barrels of crude oil futures, worth 27 billion gold, and paid a 3000% deposit.

On November 60th, the price of oil fell from more than 30 meters to about 3000 meters. Wang Dalong sold the crude oil in his hand and made another 7000 meters for each poke. 11 million barrels equaled 5000 million meters. He earned [-] million before, and he has accumulated a net profit of more than [-] billion.

Now he wants to make another move and invest 5000 million meters of gold. Even if he loses, he still has [-] million meters of gold, which he earned from the US crude oil futures, so he can say that he has no pressure.

Moreover, Wang Dalong has the memory of his previous life, so how could he lose?
3000 million barrels of crude oil futures trading is a huge order. Of course, Wang Dalong cannot complete it in one day. This is why he needs a team of traders to operate, because this will be a fight. Fang's fight.

After assigning tasks for everyone and allocating funds, Wang Dalong called a takeaway meal from a five-star hotel and had a meal with everyone, but he didn't order wine because at 10:30 in the evening, the futures trading in the United States It will start, and his [-] million rice gold will also enter the market in the next few days.

At 10:30 in the evening, after the U.S. futures market opened, Wang Dalong instructed everyone to sell the first-hand contract price at the opening price of 35 meters gold per barrel, and the deadline was the last trading deadline on December 24.

The oil price rebounded that day, and there was a strong bullish sentiment in the market, so the bearish orders placed by Wang Dalong and the others were quickly taken in.

After eating a batch, another batch will be hung up. The 80 million meters of gold can leverage the 60 billion meters of crude oil market. At the current price of 3000 meters of gold, one can buy [-] million barrels of crude oil futures, which is enough for everyone. He stopped and hung up the list.

At one o'clock in the evening, only [-] million to tens of millions of rice gold was spent. It is estimated that if you want to spend [-] million rice gold, it will be difficult to complete without two or three days.

Wang Dalong did not accompany them. He stayed up until the futures market in the United States closed. From now on, the focus will be on rice stocks. For these traders, Wang Dalong is their boss as an investor, so it is impossible to stay up late with them every day. .

As for futures in the United States, Wang Dalong only knows about the price fluctuations of oil futures during this period of time, and he doesn't know much about others.

Although he knows that in the second half of next year, there will be a sharp rise in gold prices, but Wang Dalong is not very clear about the exact time when it will happen.

Moreover, the price of gold fluctuates greatly, and it is easy to overturn if one is not careful, so Wang Dalong will not think about touching it.

In fact, the volatility of crude oil is not small. After falling below 24 meters on December 33, it will rise back to more than 60, [-] meters per barrel.

It's just that the general trend is over, and it will be difficult for crude oil prices to return to prices above 100 meters in gold, and they will not stand still in the eighties or nineties.

And on February 33, [-], it dropped to [-] meters a barrel again.

But then, with the slow recovery of the economy, the price of crude oil rose again, reaching a peak of more than [-] meters per barrel at one point.

Why does Wang Dalong know so much about the price fluctuations of crude oil futures from the second half of [-] to [-]?

This started after his divorce in his previous life.

As the saying goes, if you are poor, you want to change. After Wang Dalong got divorced, he had no restraint and scruples, and the whole family was not hungry when he was full. He was thinking about how to make money every day. After all, he had to pay off his debts!

Relying on part-time jobs to earn more than 2000 yuan a month, when will the debt of more than 20 yuan be repaid.

What he read most during that time was newspaper news. After the disaster, he knew the market price of crude oil every time, when it rose and when it fell, he could remember it very clearly.

Later, he didn't dare to play futures. This thing fluctuated too much, and he couldn't afford it without some capital!

When the market is not good, you have to keep covering your positions, and then cover your positions again, otherwise you will be forced to liquidate your position, and the market will rise again immediately, and you will be so angry that you want to die.

Originally, you could have made a lot of money without being liquidated, but because of the forced liquidation, not only did you not make any money, but you also lost money and jumped off the building. You said that you were not angry.

Why did Wang Dalong ask a group of traders for help?The purpose is to let them keep an eye on the market. What he buys is falling. When the price of crude oil futures rises, you have to cover the position, that is, make up the difference. You only have a [-]% margin. If the price rises, it means that you are losing money. It is necessary to make up the difference after the increase.

Why did Wang Dalong only say that he spent 11 million meters of gold instead of 3 billion meters of gold, and the remaining more than [-] million meters of gold was used to cover positions.

Although Wang Dalong knew the result, the price of crude oil futures would definitely fall to the price he said, but he was not very clear about the process of the interim period. Maybe people rose a few meters in the middle of the price, so you have to make up for it at any time. This money, so speculating in futures doesn't mean you can just buy it and ignore it, you need time to stare at it.

This is the biggest difference between futures and stocks.

As long as you are not short-term speculating or using leveraged funds to buy stocks, you can hold them for a long time, regardless of the turmoil in the stock market.

(End of this chapter)