legendary trader

Chapter 114

Zhang Yang feels that he is not very confident, but he also feels a little wronged. Isn't it just a suggestion to close short positions and realize profits?As for looking at me like that?

Seeing Zhang Yang's unnatural expression, Chen Fan burst out laughing, Zheng Xiaopang laughed too, and reached out to pat Zhang Yang's shoulder.

Chen Fan said with a smile: "I'm not in a hurry to close it for the time being. Let's take a look first. I always feel that there is something wrong here, so once I'm sure, I can either continue to increase my position and sell short, or close all positions and go long."

Zheng Xiaopang kept refreshing the news page of the website to track the latest news.

Zhang Yang sat there quietly waiting for Chen Fan to issue a new order, so that he could execute it as quickly as possible.

Chen Fan is still thinking, where are the bulls in the market?What are you doing?What the hell are they thinking?
While Chen Fan was thinking, there were some changes in the market again. Some trapped bulls started to fight back, but they had given up on the index and started to concentrate on protecting the prices of the stocks with the heaviest positions in their hands. Raise funds quickly, and sell less important stocks in your hands.

Some small stocks in the market began to be pulled up by funds one after another. Zhang Yang looked at the situation and said with a smile: "It's similar to our country. There are also hidden stocks. Now that the tide is low, come out and swim naked."

Chen Fan said: "Small Zhuang stocks are useless. If large-scale blue-chip stocks cannot be launched, the market will not be stable."

Zheng Xiaopang didn't find any useful news after refreshing for a long time, so he started chatting and said, "What do you think happened to this sharp drop? Is there really any bad news? Aliens are calling?"

Before Chen Fan could say anything, Zhang Yang rushed over and said, "When the aliens come over, it's not a drop, but a suspension of the market."

Chen Fan saw that Zhang Yang started chatting with Zheng Xiaopang, and he didn't say any more nonsense, so he continued to pay attention to the market.

At this time, all those who pay attention to the U.S. market, except that the institutions and personnel who are long and trapped look at the falling market like ants on a hot pot, and the institutions and traders who are short are celebrating and imagining the future, a lot of wait-and-see strength is doing Working like Zheng Xiaopang, while watching the TV news reports, refreshing the news webpage, not taking out the phone to see if there is a problem or not paying the phone bill and being shut down, eagerly waiting for the latest news, so as to take action basis.

After repeated declines, the Nasdaq futures price has fallen to 1520 points, the Dow Jones futures price has reached 7600 points, the S&P futures price stabilized at 980 points, and the market seems to be consolidating again.

Some short-term short-selling funds chose to take profits here, and they began to place their empty orders in the hope of being able to trade, while some bullish institutions that were frightened by the market also chose to admit defeat and close their positions at this time.

The buy orders placed by the short positions and the sell orders placed by the long positions began to be filled, and the trading volume began to increase again, which made all the technical analysts breathe a sigh of relief.

This is already the third hand-changing area since the market opened today. The trading volume of the three hand-changing areas is also shrinking, and there is no liquidation of large institutions, which means that the real main players of the long and short sides of the market still have not confronted each other head-on. .

Chen Fan also kept pressing his temples with his hands, but his eyes were fixed on the computer screen, using his ability to repeatedly confirm the direction of the market.

After repeated confirmation countless times, Chen Fan was sure that the market's ultimate direction must be rising, and Chen Fan still made up his mind to go long.

Now that he has chosen the direction of speculation, Chen Fan is no longer silent, and said in a low voice: "Little Fatty, you should continue to pay attention to the news, and I will work with Zhang Yang to close the short order."

Zheng Xiaopang glanced at Chen Fan reluctantly, the resentment in his eyes was beyond words, but he turned his head to the computer screen without saying anything.

Chen Fan said to Zhang Yang: "Yangzi, let's close the position with a small order, try not to stir up the price."

Zhang Yang listened to Chen Fan's instruction, nodded and said, "Got it."

I started to tap the keyboard lightly, as if I was afraid that someone would find out if I tapped hard.

A few hands or more than a dozen hands of empty liquidation orders enter the market and trade between the Nasdaq futures price of 1520-1525. Because they are not quickly typed, the feeling to other market participants is the same as the previous liquidation funds that appear from time to time. The funds that are profitable or admit defeat are closing positions. No one thought that the funds entering the market to close positions now are actually the group of people who ignited the fire.

After more than 20 minutes, Chen Fan and the others had closed 2278 short positions, and the smooth closing of this part of the position brought a profit of 150 million yuan.

Zheng Xiaopang, who was on the side, glanced at the background transaction data from time to time after refreshing the news page. Chen Fan guessed that Fatty must be bleeding.

Chen Fan was planning to be lazy and let Zhang Yang continue to close the position so that he could take a rest when Zheng Xiaopang suddenly said, "There is news."

Chen Fan became energetic as soon as he heard it, and stretched his head to Zheng Xiaopang's side. Although he didn't understand the foreign language on the computer screen very well, he still had to have a good posture.

Zheng Xiaopang glanced at Chen Fan and asked, "Do you understand?"

Chen Fan rolled his eyes at Zheng Xiaopang and said, "Speak humanly."

Zheng Xiaopang read out of boredom: "The Ministry of Finance over there in the United States announced that the government is discussing the tax reduction policy, and it is almost finalized, and it will be submitted to Congress for deliberation soon."

Chen Fan was disappointed: "That's it?"

Zheng Xiaopang also said: "The Mi Fed said it would inject liquidity into the market, with a scale of about 2000 billion yuan. This batch of funds will be used to purchase corporate bonds. Hey, qualified companies can also borrow from the Mi Fed. What kind of operation is this to buy back stocks?."

Chen Fan shook his head and said, "I'm so curious. Repurchasing stocks is good news, but is there any essential difference between buying corporate bonds and supporting companies to repurchase stocks? They are all throwing money. Companies issue bonds and sell them to the Federal Reserve Bank, and some projects invest in them." If there is no project, buy back the stock, oh, I understand, this means that the stock price is very cheap now, and there is such a big circle.”

Chen Fan saw that Zhang Yang was also looking at Zheng Xiaopang's computer screen and said, "Yangzi, continue to close the position, we will not be short."

After speaking, Chen Fan asked Zheng Xiaopang to continue to scan the news to see if there was any news worthy of attention.

Perhaps it is because the market has already expected these news. Stimulated by the good news, the stock market and futures market only rose slightly and then began to fall again. However, the trading volume did not shrink this time and began to increase slowly.

When Chen Fan saw that the Nasdaq futures rebounded to 1532 points, he asked Zhang Yang to stop closing his positions. After watching the price drop again for ten minutes, he continued to close his positions. He kept saying, "Close your positions as soon as possible. Entering long orders, I guess today is out of the game, and there is not much good news.”

Zhang Yang asked: "If the good news is bad, why should we turn around and go long?"

Chen Fan said with a smile: "The bulls in the market have not come out yet. Looking at the current trading volume, I guess the vanguards of the bulls and the bears have already started fighting. As I said, I am dead bulls."

(End of this chapter)