legendary trader

Chapter 122
Hearing Chen Fan's call to scan up a few orders to try the market, Zheng Xiaopang guessed that the futures side might have resisted, and the market was about to reverse, so he shouted happily: "Got it, Zhang Yang, go up!" rush."

Seeing a lot of small buy orders to sweep up the goods in the past few minutes, Chen Fan began to be a little puzzled. Now that the small bulls are so bold, they dare to chase the shorts?
Hearing Zheng Xiaopang's words, he suddenly realized in a flash that these small orders were probably made by short sellers. The short sellers did not dare to place short and flat orders at this time, and most of them chose to open long orders to realize the locking function.

There is still more than a month to go, and now this trading product is about to expire, when the time comes, the long and short orders will be automatically hedged or postponed.

Because Chen Fan knew that the futures market is a place where big fish eat small fish, which is very different from the stock market, he dared to ask Zheng Xiaopang, Zhang Yang and others to scan up the list, but he did not dare to follow the main bulls in the futures market. Play it safe.

Index futures prices rose slowly along with the stock market. Seeing that the market began to rebound, the funds for watching the battle from the sidelines were also a little ready to move, but now no one is sure whether the short sellers are really retreating. In fact, there are not many funds entering the market. Most of them are still small orders, so although the rebound is quite weak, it seems that it may die at any time, which makes people feel trembling.

However, the ten stocks operated by Zheng Xiaopang, Zhang Yang and others once again became the focus of the market. It is really a relatively dull market. The strength of these ten stocks' upward attack at a 45-degree angle is very dazzling.

Chen Fan didn't let them increase their volume and straighten up. He is now eager to eat more low-priced chips, floor prices, and don't eat Hesse. I'm sorry for the short-term fee.

What the short side is most afraid of is the rising leader. At this time, once the other parties in the market find that the shorts are already relatively weak, if they join in the hunting together, the consequences will be unimaginable.
So soon the ten stocks encountered huge selling pressure. Zheng Xiaopang immediately told Chen Fan about the changes in the market: "The selling order is very large and the pressure is heavy. If you don't increase the volume, it will be difficult to pull the market. .Miscellaneous?"

Chen Fan turned his head and glanced at Zheng Xiaopang's computer screen, and said loudly: "The old way is to place orders and take orders below, and place large orders, and they dare not press down."

Soon the upward momentum of the ten stocks was curbed, but the situation on the market was still extremely unfavorable to short sellers.

There were huge buying orders listed below these ten stocks, but no selling orders were seen for a long time. In fact, many off-market funds quickly discovered the abnormalities in the market, and combined with the trends of other stocks and futures, the more More and more off-market funds believe that the Air Force is unable to fight anymore, so more and more off-market funds are invested in the long camp. The slow and hesitant rebound trend becomes firm, and the upward curve gradually begins to become steeper.

In the face of unfavorable market conditions, the main short sellers can only keep canceling the pending sell orders, and keep taking the first step to eat the empty orders placed by other short sellers.

The situation is becoming more and more unfavorable to the bears. When the bears were arrogant in the early stage, they underestimated the bulls and killed more and fled more in order to survive. At this moment, the market has reversed, and the empty-to-empty market has begun to stage.

The strength of the bulls in the market suddenly strengthened. With the joint efforts of the bulls and the retreating bears, the Nasdaq futures surged rapidly, approaching the integer mark of 1500 points. At this point, it was the predetermined resistance position of the bears, so the bears also stopped retreating, and the concentrated funds were placed here. Place a large order to press the market, and at the same time continue to use small orders to sweep away the empty orders below 1500 points to recover blood.

Chen Fan really wanted to enlarge the order to break the short line of defense, but he gave up in the end.

Now the new longs have insufficient funds to enter the market, and if the positions are insufficient, if they are really rushed up by the market, then the enthusiasm for these funds to go long will quickly fade, because the positions are small, and no matter how much the market rises, they will not make much money. A small amount of money is not conducive to attracting more funds to enter the market to besiege short positions.

Thinking of this, Chen Fan temporarily gave up continuing to pay attention to the futures market, and switched back to the background to check the transaction data, so as to evaluate how much money he can invest in the future.

At this time, in the core trading room of Jinxin Building, Qi Qinghua and others breathed a long sigh of relief as they watched the market continue to rebound. Qi Qinghua said, "It seems that we have won the bet."

After speaking, he looked at the people around him with a relaxed expression. Mr. Li and Mr. Zhang next to him also nodded in unison. Qi Qinghua then said to Xiao Yang, the core trading team: "Continue to fight for funds and use up all the 2 million quota."

As he said that, he put the mobile phone on the coffee table back into his bag. Although his face was calm, his heart was overwhelmed.

Is this Chen Fan's analytical ability really against the sky?If it is not through the monitored transaction data and the analysis results of Chaofan Investment, it is obvious that Jinxin Company may miss a good opportunity to buy bottoms this time.

But fortunately, it was still caught. Although the investment was less than 2 million, it was finally consolation. It seems that the monitoring of that side will be strengthened in the future.

Before I knew it, I thought of Xiaoye, the leader of the risk control team, who needed to give her some sweetness. After all, she was the only one who knew about this besides herself.

But thinking of this, Qi Qinghua was in a bit of a dilemma. Xiaoye was his ironclad, but if he was really promoted, it seemed that he had to think long-term about that key position.

In the following two hours, the Nasdaq futures competed repeatedly around the 1500-point integer mark. It seemed that the bulls were unable to grasp this key point for a long time, but the number of transactions did not shrink much.

Chen Fan's job is relatively easy, and he only participates in futures trading because he wants to make quick money. In fact, his main battlefield is the technology stocks in the Nasdaq market.

However, he will also be in a dilemma, because Chen Fan has taken more than 7 long positions, costing more than 1 million yuan, and the accumulated funds bought by Zheng Xiaopang and others have reached 3.88 million. , the total funds used have reached 4.92 million. According to Chen Fan's plan, the remaining funds that can be increased are less than 8 million yuan, and the floating profit on the book is not much for the time being, and the total is less than 2 million. It is also mainly contributed by the futures market.

Because the amount of futures that can continue to be opened is limited, Chen Fan has suspended futures trading, and because the rebound has not really started, he is not sure whether there will be a short counterattack, so he still plans to stop after only entering 5 million funds as planned , Until the main bulls really launch a counter-offensive market, then consider gradually increasing their positions.

As for closing the long futures position, Chen Fan is not that stupid. He closed the position at such a low price. The reason why he didn't continue to increase the position was because the targets in the futures market have delivery cycles for each product, and the position will be closed after the expiration.

Chen Fan really has no experience of operating extensions or waiting for the exchange to carry out delivery and liquidation, and he still resists such operations in his heart. He would rather close the position directly in the market, and then go to the next major trading product to open a position, although he knows how to operate like this You may fall into the dilemma of not opening enough positions.

(End of this chapter)