legendary trader

Chapter 192 191 Gold Is About to Bottom
After Chen Fan thought wildly for a while, he suddenly slapped himself. Is it interesting to adjust the lever?If there is money in the account, just increase the position directly.

The next day, Chen Fan stayed at home to recharge his batteries and waited for the market to open on Monday to observe for a while. If the market continued the weak trend of the weekend's close, he would increase his position and short gold without hesitation.

And if the market continues to rise, Chen Fan plans to ask Zheng Xiaopang to liquidate the gold, and Chen Fan is not sure whether the gold price will start to fluctuate and rise, and it is not a big deal to lose a little.

Now that he knew that the price of gold would rise to more than 320 yuan within a month, there was no need to wait for death with a short position. The reason why he didn't turn up more was because Chen Fan felt that gold was going to fall when he looked left, right, up and down.

On Monday morning, Chen Fan ate breakfast made by his servants at home, and then came to the company with two bodyguards. After reaching the top floor, he went directly to the two newly installed small trading rooms.

There are already traders in the trading room trading gold and crude oil. Chen Fan first sneaked into the crude oil trading room to have a look. Their main job now is to keep an eye on the market and report to Ma Yunbo or Zhang Yang in time.

At this time, the crude oil price was still fluctuating around 13.26 yuan. Chen Fan looked at the board and felt that it might drop to 13 yuan. Get up and walk out of the trading room to the gold trading room next door.

This time, Zheng Xiaopang, Zhang Yang, and Ma Yunbo are all here. Chen Fan sat down on a computer and began to carefully look at the handicap transaction records. He soon found that the market has indeed continued the trend of last weekend, and the trend of weakening is very obvious. .

Chen Fan didn't know whether it was the exhaustion of the gold bulls or some other reason, because the participants in the gold market were very complicated, not only speculators traded in it, but also some investment companies, gold production enterprises, jewelry manufacturers, and electronic production enterprises. Participating in it, even central banks will increase or decrease their gold reserves through market transactions.

Because of the wide range of trading sources, Chen Fan doesn't really believe that the gold market will be controlled by a certain force, just like the US stock market, which can be manipulated at will or go up and down to gain profits.

Even for institutions with huge funds, they are nothing more than able to influence the market price in a short period of time, and once the price of gold deviates from the market-recognized price, they will inevitably be attacked by other institutions.

Seeing this, Chen Fan patted Zheng Xiaopang on the shoulder and said, "Now that you have 8 empty orders, you can add 2 more positions. If you play with 8% of the position, you can directly fill the position. It's not that there is no money in the account."

Zheng Xiaopang is still struggling, last weekend it wasn't Chen Fan's pull, Zheng Xiaopang already planned to call and arrange to close the position to ensure the safety of funds.

Although Chen Fan said that he was bearish and that this would be an opportunity to increase his position, Zheng Xiaopang was still hesitant, because the current gold price was too close to his cost price, and if he didn't pay attention, there would be floating losses.

Zheng Xiaopang was still analyzing the market, and Zhang Yang beside him also spoke.

"Come on, I feel that the market can't move anymore. You can see that the ghosts of the bulls have disappeared. There is a high probability that the main short sellers are closing their positions in the market last week."

Hearing Zhang Yang's remarks, both Chen Fan and Zheng Xiaopang were a little dazed. Chen Fan hadn't really thought about the gold big short closing out. Combined with last week's trend, Chen Fan made a bold guess.

If last week's market was due to the rise in gold prices caused by the liquidation of large short positions, then it is not impossible for them to turn around and do long at a certain price below. Their own abilities have predicted that the price of gold will have a chance to reach 320 in the next three weeks Point -330 points, may it be that some people think that the price of gold is already in place.

Although it is said that those who follow the trend prosper and those who go against the trend die, the turning point of the general trend is also formed by the defection of big funds. Since there is the first one, it is difficult to guarantee that there will be no second or third.

Furthermore, it can be deduced that the current gold price is actually a low price zone. If it is not affected by the prevailing bearish atmosphere in the market, it should be said that the main market forces have already recognized the current gold price, and the big bottom is not far away.

Thinking of this, Chen Fan looked at Zheng Xiaopang.

Zheng Xiaopang seemed to have thought of something too, and the two looked at each other in unison.

Chen Fan saw the raging fighting intent in Zheng Xiaopang's eyes, so he raised his eyebrows and signaled Zheng Xiaopang to call the shots.

Zheng Xiaopang laughed loudly, making Zhang Yang and Ma Yunbo next to him stunned.

At this time, the price of gold has fallen from the high point of 298 yuan last weekend to 296 yuan. The market showed signs of stopping the decline, so Zheng Xiaopang gave an order to two traders: "Short 2 lots of gold."

The two traders were well trained by Ma Yunbo, and they started to execute Zheng Xiaopang's order to open a position without any hesitation.

A series of short order opening orders were issued, which were sent to the distant London gold trading market through satellite transmission.

The transaction feedback is also constantly being refreshed. Seeing the increasing short positions in gold, Zheng Xiaopang seems a little nervous.

Seeing Zheng Xiaopang's appearance, Chen Fan suddenly patted Zheng Xiaopang on the shoulder, scaring Zheng Xiaopang half to death.

"Damn it, you're crazy." Zheng Xiaopang was taken aback by Chen Fan's actions.

"Hey hey, relax, we can afford to lose." Chen Fan said with a smile, "I see you are too nervous, let me release the pressure."

As Chaofan Investment placed a large number of empty orders in a short period of time, the price of gold, which had stopped falling slightly, began to decline again, and the price soon fell below 296 yuan, and quickly fell to 295 yuan.

Chen Fan looked at the handicap trading, frowned a little and said, "Why has the trading volume shrunk?"

Zhang Yang said with a smile on the side: "The market was bearish in the first place. I didn't know why I went crazy last week to pull a wave. Now that the rebound is over, who will enter the market to take over the market? Even if I enter the market, I guess I will choose the low point in the previous period." approach nearby."

Zheng Xiaopang asked in a low voice: "Why don't we try smashing the plate? 1 hands and directly smashing 280?"

Chen Fan shook his head and said: "It's useless. There are no long orders in the market now. It is estimated that the rebound last week consumed the energy of the bulls. This will have little chance of success in smashing the market. If you smash hard, it will easily lead to a retaliatory rebound. Slow down will be fine."

When Chen Fan came to the company again on Tuesday morning, he was reading the latest analysis report in the office when Zheng Xiaopang opened the door and came in.

"Hey, is the fat brother watching the market anymore? Come and drink tea with me when you have time."

Chen Fan joked that yesterday after get off work, Chen Fan took Zheng Xiaopang out for a drink. Zheng Xiaopang said that he wanted to keep an eye on Pan Jin, so he rejected Chen Fan's invitation, and both of them stayed at the company at night with Zhang Yang.

When Zheng Xiaopang approached, he asked in surprise: "Look at your face, you didn't rest last night? Where's Zhang Yang?"

"Zhang Yang should be sleeping right now." Zheng Xiaopang sat on the chair, "The price of gold is not going well. How about the market outlook?"

Chen Fan listened to the report in Shaking's hand and said, "Didn't you fall down 292? It's not good there?"

Zheng Xiaopang shook his head and said: "Last week, it fell to around 280, and it fell to 290 in the early morning, but a big buy order came in, which pulled the price up again, and the highest reached 293, and now it is back to around 291. "

Chen Fan switched the computer screen to the gold trading interface, watched the price of gold fluctuate at 291.82 yuan, and then switched to the K-line chart. After changing a few short-term K-line charts, he said with a smile: "Yesterday you dropped a few dollars. You can't stand two or three dollars."

"What I'm worried about is what if the market can't go down? At that time, the graph will show signs of rising at the bottom, and our position will be in danger."

Zheng Xiaopang expressed his concerns, and looked at Chen Fan with a questioning look, hoping to hear Chen Fan's judgment.

Chen Fan looked at the real-time transactions that were constantly being refreshed, and felt unsafe after looking at them for a while. He looked at the transaction records of the previous few hours, and read all the transaction data from the market rebound from 290 points to the present. Think about it.

Now the secretary walked into the office with a cup of strong tea and put it in front of Zheng Xiaopang.

After Zheng Xiaopang thanked him, he stretched out his hand to test the temperature of the water, held it up and blew lightly.

After a while, Chen Fan said to Zheng Xiaopang: "It's hard to judge the nature of this small rebound, and we will know what to do when it falls to 290 in a while and whether there is any money to enter the market to protect the market." .”

"Oh," Zheng Xiaopang sighed, "I used to think about trading when I wasn't trading, and I often fantasized about being able to kill all directions in the market. It's so weird, it's only when I get started that I feel like I'm afraid of wolves. For those who are afraid of tigers, the heavier the position, the higher the confidence will be, and the slightest turmoil in the market will scare them."

Hearing Zheng Xiaopang's annoyance, Chen Fan couldn't help thinking of himself, if his eyes didn't have inexplicable mutations and the ability to see things glow, he would be worse than Zheng Xiaopang.

Because of the ability to make a base, it is easy to turn around even if you lose a lot of times, so I have been confident when trading this year, and I haven't encountered Zheng Xiaopang's current situation.

Chen Fan shook his head, threw out the random thoughts in his mind, and said to Zheng Xiaopang: "You are just nervous, maybe you haven't had such a large-scale capital operation experience before, just do it a few more times in the future. You are a grand Zheng The youngest of the family, even if you lose all of your Chaofan investment, you will still be the youngest when you go home, and I don’t have that background. So I’m not nervous, why are you nervous.”

"Yesterday you said that it will continue to fall slightly. How long do you think it will take?" Zheng Xiaopang gradually calmed down and asked Chen Fan.

After thinking about it, Chen Fan said, "It won't be very long, maybe one to two weeks. I don't think there will be any games this week, and next week there may be a chance to play the game."

"Come on, then I'll take a week off." Seeing what Chen Fan was going to say, Zheng Xiaopang waved his hand and continued: "I won't come to the company this week, you can watch over the gold side for me, I'll go home and see me Mom, go, next week Fat Master will come out and do a big job in person."

Chen Fan nodded after hearing Zheng Xiaopang's words, "Okay, it's good to rest, you will be the main force next week, and help me say hello to my aunt."

Zheng Xiaopang got up and was about to leave, but Chen Fan grabbed him and said, "Are you going back now? Get some sleep before going home."

Zheng Xiaopang smiled and said, "I'm going to go back to sleep now, okay, watch the gold for me, don't let it get away."

(End of this chapter)