legendary trader

Chapter 149 "Bear Market" VS Circuit Breaker
(Thanks for a few years of book age and a few years of immortals/Anonymous 2228/Gong Shi/Xi Shi/Starlight Night 10/Wu Tianhaosheng/Lao Jinmo/Pisces cat/book friend 20181221154516214/Great and greasy monthly pass, good luck Ji's World/Pisces Cat/Dream Chaser's tip)
After careful consideration, the U.S. financial regulatory authority decided to restart the "circuit breaker mechanism" that had been abandoned by the U.S. commodity exchange, and enforce it to all U.S. stock exchanges.

The official document clarifies that once all trading varieties fall by more than 7%, they will be immediately blown out and trading will be suspended for 15 minutes.

After the resumption of trading, if the market continues to fall, there will be a second circuit breaker, which is set at 13%, and the standard for the third circuit breaker is 20%.

Because he slept late, Chen Fan got up a little later than usual, and he didn't get up until it was almost time for lunch.

At the moment, he is in his office with Zheng Xiaopang and Zhang Yang, holding the latest market analysis report and summaries of reports from some of the world's major news media and carefully watching them.

Zheng Xiaopang is discussing with Zhang Yang the circuit breaker mechanism introduced by the United States. They are a little confused. If the market is really going to fall, how useful is it for traders to calm down for 15 minutes?
In fact, the two were dumbfounded when they got the analysis report. They did not expect that the rebound at the last moment did not attract the attention of the market. Everyone believed that the U.S. stock market had entered a bear market. Just a flashback.

The two of them did not rush to find Chen Fan, but discussed in private for a while, and it was best to just accept their fate with a sigh.

It has to be said that after reading the analysis report, both of them began to regret the decision to approve Chen Fan in the early morning and close the short position. Now there is no safety cushion. As long as the market bears repeat the scene of last night, the outcome of waiting for Chaofan Investment It can only be out of the game.

The situation changed too fast, and the two had no choice but to accept their fate.

And the intervention policy of the U.S. government, which has high hopes, is indeed "fusing". What the hell is this?

After coming to Chen Fan's office, the two of them did not discuss the market outlook with Chen Fan, but focused on the impact of the new trading policy on the market.

But obviously, the two are not very optimistic about the new policy of the Americans. They don't understand the thinking of the Americans. Do they think that suspending trading and calming down the market can reverse the market trend?
After Chen Fan read the analysis report, he briefly read the summary of the media reports, and felt that it was reasonable and not surprising at all.

Just now, after listening to Zheng Xiaopang and Zhang Yang's discussion for a long time, he probably also figured out what the rice guy's new policy is, but his thinking is similar to that of Zheng Xiaopang and the others, and he thinks it is not very useful.

"What's for lunch?" Chen Fan asked, "I haven't eaten breakfast yet, have you eaten?"

Zheng Xiaopang and Zhang Yang also wanted to see how Chen Fan would react after seeing the analysis report, but they didn't expect that the first sentence would be about eating, so they were stunned for a while.

Chen Fan smiled and said, "Don't think about the stock market now, it's not that complicated. You will know how to get there when the market opens tonight."

Chen Fan looked calm and relaxed, holding Zhizhu in his hands, hoping to appease the two friends.

When he first got the information, Chen Fan was also taken aback. He didn't expect that they were all pessimistic about the stock market, and he didn't even see neutral analysis and reports.

However, Chen Fan still pretended to read the information, thinking about what to do next in his head.
But after thinking about it, there is still no other way, so I have to accept my fate and wait for the trial after the market opens tonight.

But now, if Chen Fan still wanted to bring out his acting skills, he had to keep his friends steady so that they wouldn't be buzzing in his ears again.

Zheng Xiaopang spoke at this time, "That kid Zhang Ping called in the morning to ask about the company's situation. I didn't tell him that we had already closed our short positions. I'm afraid that kid would skip work again."

Chen Fan nodded and said, "It doesn't matter, it doesn't matter if the boy comes or not, but when those departments come to check, the boy must come, and that's the time to show his value."

Zheng Xiaopang laughed and said, "I didn't tell him because I was afraid that he would pee out of fear, what do you think?"

Zhang Yang shook his head and said, "Our current position would scare anyone who knows how to do it. I didn't notice it this morning."

Chen Fan stood up and said, "Let's go to the trading room and have a look. Don't think about the affairs of the United States. I only did it when I was sure."

As he spoke, he stretched out his palms and made a few clenched fists, saying: "Everything is under control."

Today, the Huaguo stock market was affected by the sharp drop in the U.S. stock market, and the market also experienced a sharp drop. At this moment, Ma Yunbo is leading a dozen traders to buy shares of Bodao shares at low prices.

However, since Chen Fan transferred all the main funds in the company's account to Jinxin Company to operate the US market, now in addition to the 1 million funds reserved in the company's account to maintain the company's daily expenses, there is no money in the stock account. Now the acquisition chips All funds are obtained through financing.However, according to Chen Fan's request, Ma Yunbo frantically absorbed the shares of Bodao shares.

Seeing that Harbin Iron and Steel was still firmly sealed at 14.63 yuan, Chen Fan felt a lot more relaxed.

But in the eyes of Zheng Xiaopang and Zhang Yang, how could Harbin Iron and Steel's little profit compare to the investment from the United States. For a whole day, both of them were listless and preoccupied.

At 9:30 in the evening, the US stock market opened again.

Contrary to most people's expectations, both the Dow Jones index and the S&P index opened lower today, while the Nasdaq index jumped against the market and opened higher, opening nearly 1447.34 points higher at 30 points.

After yesterday's massacre of the bulls, the bears no longer had the panic of the previous few days. Now they are full of confidence and plan to continue smashing the market and force the participating bulls in the market to death.

After seeing the market open unexpectedly higher, short sellers immediately began to suppress wildly.

In fact, for the rebound in late yesterday, the short-sellers failed to push the Nasdaq below 1400 points before the market closed, which did not alert the short-sellers in the slightest. Now the short-sellers are counting on the big money that fell from the sky to sell them again. The bulls in the market are all wiped out.

Therefore, they only think that the large funds in the late trading did not continue to attack, which gave the bulls an opportunity. It is impossible to reverse the market under the current situation.

After the market endured the fierce pressure from short sellers, the index still fell slowly.

Zheng Xiaopang couldn't sit still any longer, and asked Chen Fan beside him, "Shall we enter the market now? Long or short?"

In his heart, he still hoped that Chen Fan would wake up as soon as possible, and take advantage of the opportunity with some profit margins to increase as many empty orders as possible, so as to insure himself.

But obviously Chen Fan was not in the mood to pay attention to Zheng Xiaopang's worries, and said decisively: "When the market closes the gap, immediately activate the robot to enter the market to accumulate funds."

Zheng Xiaopang's last hope was dashed, so he could only act according to Chen Fan's wishes at this moment, so he didn't say anything, just looked at Zhang Yang, and waited for the market to close the gap before starting the trading robot to enter the market.

(End of this chapter)