legendary trader

Chapter 147 The Rally Closing
(Thank you for coming, I'm fucked/tired and tired/man who works miracles/goodbye, someday monthly pass)

At 3 o'clock in the morning, Chen Fan's nearly 8 empty orders were closed.

Zheng Xiaopang is now excitedly calculating the number of Nasdaq futures transactions in the past half an hour, which is close to 80 lots, which means that the main funds in the market have taken at least 70 lots of sell orders.

Chen Fan looked at the backstage data. This time, shorting was extremely profitable. The spread of each Nasdaq futures spread reached an astonishing 345 points, which means that one order earned 1 yuan. Chaofan invested in it but shorted 3450 empty orders. The floating profit of more than 79218 million yuan.

Of course, if we calculate it separately, there are still long positions around 1477 points, and the current floating loss is 8 million yuan. This does not include the loss of the market value of the stock in hand, and the market value loss of the stock is still huge. , The market value of nearly 6 million yuan evaporated.

After offsetting the floating profit and loss on the book, the floating book won 1.1 million yuan. Chen Fan was so happy that the U.S. stock market was still very profitable.

Chen Fan also estimated that if Zheng Xiaopang hadn't repeatedly asked to increase short positions later, the current floating profit would have decreased by more than 3 million. Although it is not much, the safety cushion will be much thinner. At least there will be no large profits. Because a large part of the profit was actually earned by the long order at 1476 points when the market was squeezed, but the short order at 1700 points locked in this part of the profit.

Zheng Xiaopang also started to be bullish on the stock market through data calculations, because the buying orders were too strong. The Nasdaq futures were very stable at 1350 points, and the Nasdaq index only stopped falling after reaching the bottom at 1357.09 points. The current point remains fluctuating between 1360-1370 points.

Zheng Xiaopang turned to Chen Fan and asked, "Do you need to increase your position in the stock market now? We sold a lot of chips on it."

In fact, Chen Fan is also thinking about this at the moment. From this round, it seems that futures are indeed making faster profits than stocks, but if he only trades in futures, Chen Fan is a little afraid of overturning, so it is best to use both futures and stocks.

Chen Fan looked at the current stock market value of only 2.2 million, and felt that it was indeed a little low. Since he was determined to increase his position and go long, it would be safer to increase his position on both sides of the stock futures. He could not just give up the stock just to make quick money. Stock futures By operating together, more funds can be entered and withdrawn, and there will be no idle funds.

Chen Fan nodded and said to Zheng Xiaopang: "Change the settings of the fund-scrambling robot and change it to a fund-accumulating robot. I will let Zhang Yang check the settings for you later, and start it up if there is no problem. Now I, who operates the futures Go to change the settings, see if the market is good or bad, and then decide whether to increase the position."

Zheng Xiaopang nodded and agreed, and went to modify the settings of the trading robot with Zhang Yang. Chen Fan also started to change the robot's position closing to long position opening, and lowered the single order amount.

Soon Zheng Xiaopang also adjusted the settings and started to activate the robot to buy stocks. Chen Fan only asked about the parameters of the settings, which were similar to the fund-raising parameters they set at the beginning, so he didn't care about it. He just told Zheng Xiaopang Fat, I must remember to ask Lao Liu to get two more sets of trading robots tomorrow. Now these two sets feel a bit insufficient.

After 3:1360 in the morning, the market ended its consolidation above 3 points and began to rebound. The rebound was weak at first, but after climbing slowly for about ten minutes, buying began to gradually increase. With the increase in trading volume, Nasdaq The market broke through the 47 mark at 1400:[-].

However, in the eyes of other funds, this round of counterattack by the bulls is just a flashback. No one thinks that the market will rebound like last time. In fact, most of the funds that are still trading in the Nasdaq market are biased towards the short camp. Today, the bulls have long been defeated and unable to fight again. Most of the remaining bulls' funds are clinging to their heavy positions, and they dare not participate in the long-short battle easily.

The long camp of Nasdaq futures has almost completely collapsed, and there is no one out of ten.

In such an atmosphere, the counterattack of the bulls did not arouse the vigilance of the short funds at all. When the Nasdaq index broke through 1400 points, the main force of the short sellers also began to exert their strength, hoping to suppress the index to close below 1400 points again, which would make it easier to create Out of the bear market atmosphere.

However, during the suppression of the short sellers, it was discovered that no matter how much money they invested, they still could not effectively suppress the market index. The Nasdaq index stubbornly stared at the short sellers and continued to rise. The unwilling short sellers increased their pressure in the last 10 minutes , but the effect seems to have no effect on depressing the index other than slowing down the index rise.

The rapid increase in trading volume and weird index changes have once again attracted the attention of off-market funds, but limited by the lessons learned, no off-market funds are willing to participate in the current violent market.

When the Nasdaq index was approaching 1400 points, Chen Fan had already activated the futures trading robot, and at the same time asked Zheng Xiaopang to increase the buying frequency and amount of the stock accumulation robot.

Zheng Xiaopang and Zhang Yang also noticed the rapid increase in market volume. At first, they were very worried about being attacked by short sellers and then crashing. Now they have no safety cushion.

But when the time came to close at 4 o'clock in the morning, the Nasdaq index closed at 1419.12 points, and the Nasdaq futures closed even higher at 1428 points. Zheng Xiaopang was worried before letting go.

"It's a bit scary today." After the market closed, the three of them did not rush back to rest, but sat there to calm down for a while and then began to discuss the changes in the market outlook.

Zheng Xiaopang sat on the sofa and spoke first, "Xiaofan, do you think the Nasdaq market can go up tonight?"

Chen Fan looked at Zheng Xiaopang in surprise and said, "What? What worries?"

Zheng Xiaopang nodded and said: "In the past, it was true that someone below was taking over the positions of the bulls, but now that I think about it carefully, the market is actually still not very stable, maybe it is a bull trap created by the bears to attract the bulls to enter the market at a low price so that they can catch them all at once. "

After hearing Zheng Xiaopang's words, Chen Fan didn't know what to say for a moment. He couldn't tell others the basis of his own judgment, so he could only vaguely say: "Any change in the market has two sides. Only the dealer knows the real situation. If you I don't have any evidence of a rise. But I believe in my own judgment that the market must rise."

Chen Fan took out three cigarettes and handed them to Zheng Xiaopang and Zhang Yang who threw them to the computer. He lit them himself before continuing, "At least I haven't made any directional misjudgments, have I?"

Zheng Xiaopang nodded and said: "It's because you didn't make any mistakes, so although we have great differences of opinion, we still do what you want when it comes to the critical moment. But now that there is no safety cushion, my heart is really not at ease. "

After speaking, he turned to Zhang Yang and said, "What do you think?"

Zhang Yang also nodded and said: "It's really hard to sleep tonight. Unlike the previous reversals, we have great confidence. In fact, the main reason is that the position will not be large. The current position is a bit scary, especially futures. Those things come in quickly. The direction If you do it the wrong way, you will lose quickly.”

Chen Fan nodded and said, "Yes, I just think futures are too risky, so I still insist on increasing my stock position. Stocks are not so easy to liquidate, and futures are much easier. Forget it, Yangzi, check Check our profits."

(End of this chapter)