legendary trader

Chapter 181 Continue to Short Crude Oil
When Chen Fan saw that the Nasdaq began to rise, he switched the screen back to the crude oil futures market. The price of the September crude oil futures contract was hit to 9 yuan per barrel.

Chen Fan looked sideways at the way Zhang Yang was frowning, and felt very happy. He reached out and patted Zhang Yang's shoulder and said, "Don't be so nervous. It's okay even if you can't open a position at 15 yuan. It's nothing more than making less money. As long as it doesn't skyrocket to 20 Just go for a block."

Zhang Yang frowned, and said with a smile: "I'm still immature, thinking that since I want to go short, of course I have to complete the opening of the position as soon as possible. I'm not as free and easy as you."

Chen Fan smiled and said, "Actually, it doesn't matter. We've made a lot of money, and we've got enough for retirement. Now when you're doing the market, you should relax a little bit. I'm lucky to lose my life. Don't take it so seriously."

As soon as Chen Fan finished speaking, he turned around and saw Zheng Xiaopang rolling his eyes.

"Hehe, it seems that Xiaopang is not convinced by my statement." Chen Fan joked.

Zheng Xiaopang rolled his eyes and said to Chen Fan: "There are so many rich people, and I have never seen anyone like you. They say they want to retire after earning a little money. It seems free and easy. I think you are a poor man who becomes rich, or a person in the pond. Loach can't turn over big waves."

"Hehe. What I said was to let Zhang Yang not be so nervous. We have money now, and it doesn't matter if we lose money." Chen Fan smiled indifferently: "Besides, I feel tired from trading, so I just think about it." There's nothing wrong with giving yourself a long vacation, retirement is just that."

Smiling and laughing, Chen Fan put away his smile, he will not be able to laugh anymore.

Zheng Xiaopang didn't answer the conversation either, but just stared at the computer screen a little seriously. On the screen, the price of the September crude oil futures contract started to dive a little bit, and was sliding rapidly.

14.80 m yuan/barrel, 14.70 m yuan/barrel.
"It's a new low." Zhang Yang murmured, "How do I do it? Should I chase after it?"

Chen Fan didn't expect that the price of oil at 15 yuan would not be able to resist for a day, so he was a little dumbfounded.

In a dazed effort, the price of crude oil futures has hit a short-term bottom of 14.23 yuan, and then began to consolidate around 14.3 yuan.

This round of diving has obviously dealt a heavy blow to the bulls in the market. Although the price did not continue to fall, there were very few long orders below. It was only because the short sellers did not seem to have any big orders to enter the market in a short period of time that they barely maintained the sideways trading.

Chen Fan didn't have any thoughts for a while, so he said to Zhang Yang: "Leave it alone, anyway, I still have 6 empty orders in my hand, so forget it if you can't increase your position. I'll see what the stock market looks like."

While talking, he switched the screen back to the Nasdaq market. The Nasdaq has bottomed out and is slowly climbing.

At this moment, the index has reached 1 points, which is a new high since the rebound.

Chen Fan switched the screen to the Nasdaq futures June contract again. Because the delivery and settlement was approaching, the premium has dropped rapidly. It is currently around 6 points, which still has not reached the 1841 point closing line that Chen Fan wanted. It hit a high of 1850 points.

The price of the September contract has reached around 9 points, and there is a high probability that it will rise to 1870 points.

Chen Fan has no plans to continue increasing his position in the September contract. Recently, his position is a bit heavy. Not only stocks and index futures, but now two new battlefields have been opened up, gold and crude oil. Chen Fan wants to control his position, so he thought about it He said to Zhang Yang: "Yangzi, you can adjust a robot, set up the Nasdaq futures June contract, and start to close the position when it is above 9 points, just keep it hanging."

Zhang Yang was concentrating on crude oil futures at this moment, when he suddenly heard that Chen Fan was going to close his position in Nasdaq futures, he was stunned for a moment, then he understood, got up and started adjusting the parameters of the trading robot on a nearby computer.

After hearing what Chen Fan said, Zheng Xiaopang also switched to Nasdaq Futures to look at it, and saw that the price of the June contract had already reached above 6 points, thinking that Chen Fan had said a few days ago that he would close the position at 1840 points, but he didn't come out. No matter what you ask, it is just to implement the original idea.

And Zheng Xiaopang also felt that there was nothing wrong with being safe, at least he still had the September contract and a large amount of stocks in his hand.

Zheng Xiaopang will only pay attention to the trend of gold and crude oil futures. He just briefly looked at the Nasdaq futures and stopped paying attention, and then switched back to the screen to stare at these two trading products.

Because there was no short order for a period of time, the price of crude oil futures began to rise slightly to 14.42 yuan, and it was already on the verge of hitting 14.50 yuan. Ask Chen Fan: "The oil price seems to be going up, why do I feel like it won't go up?"

Chen Fan smiled and said, "It doesn't look like I'm about to rebound. I guess the market is indeed weak and the bulls have no strength."

"Then let's take the lead in shorting, and we can grab a lot of chips." Zheng Xiaopang suggested when he heard that Chen Fan's judgment was similar to his own.

Chen Fan shook his head, "There are no orders below, how much more short orders can be increased if you press down. I guess other institutions also think the same way, waiting for the price to rise to attract more longs to enter the market before smashing the market."

Zheng Xiaopang felt that wasting time was meaningless, so he looked at the gold market again. Fortunately, the gold market will go well. The price of gold fluctuates around 296-297, a perfect downward channel.

After switching a few times, Chen Fan saw that Zhang Yang had already sat back and said to him, "Go back and discuss with Brother Ma to form two trading teams, one team shorting gold and the other shorting crude oil, except for rice stocks. , others let the people below also participate, accumulate some experience, and let us relax."

As soon as Zhang Yang agreed, he stared at the crude oil futures price, seemingly more nervous than Chen Fan.

The price of crude oil finally touched 1450 points, gradually stabilized and then began to touch higher prices, but there are still few buy orders below, and the trading volume is also shrinking.

Zheng Xiaopang is watching the trend of crude oil futures again, muttering: "No one is going long, let's suppress it first, otherwise we will lose the benefits."

Chen Fan was also very entangled. He wanted to continue shorting, but felt that the price was too low.

What he didn't notice at this time was that his mentality of trading had changed a lot at this time, and he began to seek stability instead of pursuing profits. Of course, this short sale may be entirely due to his own subjective judgment, and there is no special ability. Auxiliary, he has no sense of security.

After a long silence, the crude oil futures had reached 1458 points, and Chen Fan sighed softly, "Let's open a small order, the rise is really slow."

Zhang Yang just smiled and said: "Then start the robot, I don't bother to open a small order."

"Whatever you want." Chen Fan smiled and shook his head.

Zhang Yang went over to slightly adjust the settings of the crude oil robot, adjusted the trading price from 15 yuan to 14 yuan, and adjusted the number of trading lots to single digits, then restarted the robot to trade.

"The U.S. market isn't trading as much as I thought it would be. The trading volume is too pitiful." Zhang Yang walked back to his seat and said.

Chen Fan smiled and said: "Who will go long when the trend is clearer? I guess those who go long now are those who want to test the market or lock up short positions."

(End of this chapter)