legendary trader

Chapter 113 Miserable, heavy quilt cover

In fact, Zhang Yang also discovered that during the market's decline this time, the trading volume did not shrink as before, but there was a trend of heavy volume and decline.

However, Zhang Yang’s understanding is that the bulls and new funds entering the market due to the good news are fighting against the shorts. As for the vanguard of both the longs and the shorts, hehe.
Although the trading volume is huge, the real market is that the bulls have no power to fight back. They can only resist and fall all the way down, and it is impossible to see that any main bulls have started to enter the market.

But even though he didn't believe it in his heart, Zhang Yang still faithfully carried out the orders given by Chen Fan. This was one of the reasons why Chen Fan was always willing to drag his classmates to work together.

When the market fell to the low point of the previous period again, the resistance of the bulls began to appear a little stronger this time. Obviously, the bulls in the market also realized that this is the last chance.

If it continues to be suppressed, not only may it end in a sharp drop like yesterday, but the market will no longer have funds to invest in the long camp, because at that time the market can already be said to be a short market. If it is too large, it will not only cause huge economic losses for the bulls, but also deal a devastating blow to the morale of the bulls.

Due to the increase in trading volume, the remaining short positions were quickly closed, and all of the more than 4000 short positions in Chen Fan's hands went out. Chen Fan only glanced at the profit of this short sale, and the profit was less than 270 million.

Zhang Yang, who was free, asked, "What are you going to do next? Do you want to go long?"

Chen Fan shook his head and said, "Wait a minute, I have to think carefully, I haven't figured out what the market will be at the end of today."

Chen Fan was also very anxious. He felt that the bulls and the shorts were now at war, and it was possible to rise or fall in the late trading, and it was really hard to judge the direction.

Although he intends to go long, Chen Fan doesn't want unnecessary losses. Although he is too early to accurately buy the bottom at the lowest point in his dreams and leave the market at the highest price, who doesn't want the lower the cost, the better, and the more profit the better? Woolen cloth.

It's past 3:1 in the morning, and there is less than an hour before the market closes. Whether it is the stock market or the index futures market, the funds invested by both sides are getting bigger and bigger, and the trading volume has not decreased with the passage of time. growing trend.

Zhang Yang was also a little puzzled at this meeting, so he said casually: "It's been a bit of an evil way for a few hours. I haven't seen so much money come out to resist the bulls who were beaten before. Why do I feel that the strength of the bulls is growing, and they can't hold it down anymore. All."

Chen Fan is also very irritable at this meeting. Hearing Zhang Yang's "bulls" and "resistance", he gradually thought of the bulls making such a big scene and going around such a big circle. Lost vigilance, the current situation is estimated to be what the bulls want to see, the bears continue to mobilize funds into the market, the positions are getting heavier, the more difficult it is to close the hand, and it is almost desperate.

Chen Fan is now sure that even if the main force of the bulls releases water again at the end of the day today, allowing the shorts to plunder again, then the next trading day, that is, tomorrow, the bulls will definitely start a counterattack across the board, and the attack strength may far exceed market expectations. With such a great pressure, if we don't kill the main short sellers this time, it is estimated that the bull traders will all be thrown to feed the fish by the boss.

Now that he had figured it out, Chen Fan didn't hesitate anymore, and said decisively: "Zhang Yang, let's enter the market and go long. You can scan those ten stocks with a small order, and you can also place a few big buy orders when the time is right. I estimate that today's market will close. It’s very obvious that the main bulls in the eighty-nine market are still playing the strategy of luring the enemy to go deep.”

After Zhang Yang heard what Chen Fan said, although he started to act, he still asked: "Since the end of the day may still fall, why not wait until the end of the day or tomorrow before entering the market? Wouldn't the price be lower then?"

Chen Fan began to place long orders on Nasdaq futures, and replied: "Who knows what will happen tomorrow, I'm afraid that if we miss the opportunity to enter the market or we can't complete the opening of the position, let's advance now, there is not much risk, don't worry, Buy buy buy."

Zhang Yang heard Chen Fan's insistence from the words, and continued to pay the bill to enter the market without saying much.

To be honest, the current stock price is really too cheap. Netscape's stock has fallen to 62 yuan, a drop of more than [-]%.

The current price of Yahu's stock is only 15.5 meters, and most technology stocks have fallen by more than [-]%. Only a few stocks with capital support have fallen slightly, and generally have fallen by more than [-]%.

The Nasdaq's decline during this period has fallen by nearly [-]% from the highest point. You must know that it has only been a few days.

The market did not rise under the influence of Chaofan Investment's large-scale entry into the market, because although Chen Fan started to go long, he kept reminding Zhang Yang that if there is no big order pressed out, he must not sweep up the big order, and try to choose to accept empty orders below. Well, after all, what Chen Fan guessed was that there might be a wave of diving at the end of the day today, otherwise how could he completely trap the bears.

In the last half hour, Chen Fan didn't know if the short sellers had become anxious. At least in his opinion, the main short sellers didn't seem to realize the danger.

That's right, the current decline is actually just eating away at this year's gains. You must know that the U.S. stock market has been rising for many years, and the accumulated gains are quite huge.

This time, Chen Fan has already opened 1328 long positions. By the way, he paid attention to Zhang Yang's stock position. Zhang Yang has been placing orders very diligently, but there is only one person, and the speed of placing orders is still too slow, so he only bought it now. To 1 million yuan in stock.

Chen Fan looked at the trading volume that hadn't shrunk significantly and said again: "Little Fatty, you have also started buying stocks. Zhang Yang, if you enlarge your order a little bit, you must buy at least 5 million stocks today. Good. If you are really going to dive in the late trading, go in with a big order to pick up the sell order, don’t be afraid, just take it straight.”

As he said that, he also started to enlarge the long order, and started to receive short sell orders with all his strength.

Perhaps because the market trading has become extremely active now, everyone in the trading rooms located in various places in Aquamarine did not realize that another dead long began to enter the market with all its strength to grab funds.

Ten minutes before the close, Chen Fan's expected diving finally started.

Perhaps the bears were angered by the stubborn resistance of the bulls. A large number of huge short orders frequently appeared in the market. Hundreds of hands, thousands of empty index futures orders and huge selling orders of hundreds of thousands of shares ravaged the entire market. The bulls seemed to be suddenly becoming The more powerful empty camp lost its square inch, and the defeat was staged again.

The Nasdaq futures, which bear the brunt of the bombardment of huge empty orders, directly smashed from 1530, which has been entangled for a long time, to the 1500 point mark.

Chen Fan also placed 500 lots, 500 lots, 1000 lots, 1000 lots, 2000 lots and 5 big orders in a row here, but he couldn't resist the 1500 point mark. The futures index finally fell below 2 points in the last 1500 minutes. The meat grinder closed at 1495 points.

(End of this chapter)