legendary trader

Chapter 120 A little flustered (thanks to the book friend 20191127235333791 for the reward)

While Chen Fan was muttering in his heart, in a trading room far away, more than a dozen foreigners were nervously trading, and kept expressing their own judgments.

"The resistance of the bulls is very strong, and I am a little bit overwhelmed."

"It's the same with me. The borrowed stocks have been consumed by nearly [-]% in the past two days, and there are too few positions to cover, what the hell."

"Boss, do you want to continue suppressing? Shall we take it back and cover some positions before suppressing?"

In another trading room opposite to Shui Lanxing, a dozen or so traders are also operating nervously, and the leader of this group is reporting to his superiors: "Kishimoto-san, the current short situation is not good, we Shall I recycle it before smashing it down?"

The man named Kishimoto shook his head and said, "Watanabe, according to the plan, this week will be short, and a short market must be created."

Watanabe hurriedly said, "But."

He was interrupted before he finished speaking, and Kishimoto said: "No, but, continue to do it, although the effect has exceeded our expectations. Doesn't this mean that there is indeed a huge adjustment pressure in the US market? If you work harder, you will be able to defeat it." Him. Execute it."

The main short sellers were already firing on all cylinders, but in the end, they were disappointed.

No matter how they increased the selling pressure, the Nasdaq futures price remained unchanged at 1470 points. In just 10 minutes, Chen Fan's long position skyrocketed again by nearly 9 lots. In just over half an hour, Chen Fan opened a long position of 1 More than 5 lots, although the number is huge, compared to the trading volume of more than half an hour, it is actually not that much.

Looking at the huge accumulated trading volume, Chen Fan also wondered if his order was too small. I'm a dead long man.

Involuntarily increased the number of open positions, and after placing a few long orders of thousands of lots in a row, I suddenly found that the transaction details column continued to pop up, and there was no such thing as before.

Can't bear it anymore?
Chen Fan couldn't help thinking of this in his heart, and he started to feel a little nervous again. It wasn't because he was afraid of something, but because his position seemed to be very light. Are the short positions so careless?
But soon Chen Fan didn't dare to think about it anymore. There was a huge sell order in the market again, and the long pending orders were quickly consumed.

Chen Fan could only continue to bury his head in typing, his fingers flew up on the keyboard, and quickly put out a few bills, and after a silent calculation, he said, more than 8 hands went in again.

Long and short are caught in the meat grinder battlefield, and there are huge transactions every second, and the sidelines of the funds watching the constant explosion of data are starting to become numb.

Today, the York City Futures Exchange ushered in the largest trading volume since the opening of the market. Fortunately, when the market was good last year, General Machine Company was asked to upgrade the trading server. If it hadn't been upgraded at that time, it might have been paralyzed by the huge trading volume now.

Whether it is the boss of the futures exchange or the boss of the stock exchange, they are all in their offices at the moment like ants on a hot pot, running around in a hurry.

Damn, the market is so frightening now, both long and short sides are exploding, and they who know something faintly are now worried, when Nasha also participates, whether their servers can withstand their devastation .

After ten consecutive minutes of high-intensity smashing failed, the short sellers could only temporarily take a step back. The traders on the short side were terrified. Such a large short order failed to break the balance of the market, and the index has always maintained its previous position At the low point, the determination of the bulls to swear to the death began to gradually make some off-market funds also start to test the waters in small quantities.

Taking advantage of the short sellers' temporary retreat, the bulls began to create a rebound. However, Chen Fan, who was cautious, did not increase his pending orders, nor did he chase after them. Instead, he carefully looked at his current position data.

Because Chen Fan shouted "Don't chase after the high" when the market started to rebound, now Zheng Xiaopang and the other three are temporarily relieved.

Holding tea, Zhang Ping said, "It's a bit scary today. Both the bulls and the bears are crazy. It's too scary."

Zhang Yang smiled and said, "Yeah, today is really an eye-opener. The international capital market is really awesome. The amount of funds is beyond the imagination of toads in domestic ponds."

Zheng Xiaopang said weakly: "I want to go home."

"Hahaha" made Chen Fan and the other three laugh out loud.

Zheng Xiaopang said without any expression: "Smile, I'm really a little scared. I won't talk about this transaction volume, let's not talk about it."

"Xiaofan, do you think the bulls will win?" Zhang Ping asked worriedly, seeing that the market seemed to be sluggish in its rebound and seemed to want to go down.

Chen Fan also saw the latest changes in the market, and he didn't know the bottom line. He just said: "Late yesterday, it was the bears who really started to release their energy. You have also seen it today. The bears are really bad. But I still think, The bulls who can make the market fly for a few years cannot be unprepared, they should be well prepared. Don’t worry, it’s okay.”

Zheng Xiaopang leaned over and asked in a low voice: "Xiaofan, tell me, do you really think the bulls have a chance to win?"

Chen Fan said, "It's not that there is a chance to win, I think the bulls have a great chance of winning, and my money is not easy to come by."

Zheng Xiaopang said, "Your money is hard to come by? Thanks to you being able to speak out."

Chen Fan knew that Zheng Xiaopang wanted to mess around to relieve himself, but he still waved his hand and said, "The bears are strong, but the stock market hasn't collapsed, so it's still holding on. We didn't lose anything, didn't we lose a lot of money, didn't we? Very clear."

Before Zhang Ping could react, the interface said: "That's because the defense line is still there, so I didn't lose money. If it falls below the current defense line, then it will be."

He was interrupted by Zhang Yang before he finished speaking, and said: "I guess the problem is not big, the bulls are still very firm, and there are still a lot of off-market funds, but they are all just waiting for news, so no one enters the market."

In fact, at this time, Chen Fan also regretted it a bit. Since he knew that the price would eventually go up, there was absolutely no need to enter the market and do more now. When the market came up, he would just chase the price up. It was still a disaster caused by greed.

Wanting to maximize profits, he chose to take risks and enter the market to build positions at this time. If the shorts continue to persist, Chen Fan is a little afraid to think about it. If he really falls into the darkness before dawn, do he need to calculate the shadow in his heart? area.

Looking at the market curve that began to slowly decline, Chen Fan looked at the transaction data: the number of Nasdaq futures was 47017 more, costing 6955 million yuan; the cost of buying stocks was 1.85 million yuan; the total cost has exceeded 2.5 million. a quarter of the position.

Suppressing the fear in his heart, Chen Fan said: "After the fight is completed, continue the previous operation and build a position."

His expression and voice were still as calm as ever, although his heart was already panicked.

Suddenly thought of something, turned to Zheng Xiaopang and said, "Little Fatty, let's see if there is any news first."

(End of this chapter)