legendary trader

Chapter 32: Chapter [-]
The market opened again on Monday, and Chen Fan started to pay attention to the futures market after completing the stock market records.

The Corn 11 contract continued its downward trend last week and was hit to 1590 yuan. Chen Fan observed it with a supernatural power, and it was still the same brightness without any change, indicating that the market was still going to rise, so he began to think about where to open a position.

It was Zheng Xiaopang next to him who was very nervous.

Chen Fan sometimes wonders, you say you, a local tyrant with a yearly pocket money of [-] yuan, do you care so much about winning or losing hundreds of thousands of yuan?
Zheng Xiaopang only replied at that time: "You don't understand, my situation is very special."

At noon, the price of corn had already reached 1586 yuan, Zheng Xiaopang was a little discouraged, "Fan Shen, let's go back to the stock market to play. This futures are really not for people to play."

Chen Fan looked at Zheng Xiaopang, and unconsciously touched the safety amulet in his pocket. It was bought by Liu Ying yesterday when he was burning incense in Xilong Mountain.

Liu Ying heard that Chen Fan said it was very effective, so she went with Chen Fan, and asked for a peace talisman after burning incense and worshiping Buddha.

Thinking that it has fallen by nearly a hundred yuan, it should be the end. If I want my brother to be disabled by the futures market, I can't afford to lose that person.

So decisively after the opening in the afternoon, open a position with 1580 more orders at 10 yuan.

Zheng Xiaopang saw that Chen Fan increased his position again, and knew that Chen Fan would only let him know about his trades, but usually he didn't take the initiative to tell him how to do it, so he lost his mind and followed into 10 moves.

Then the two were ruthlessly educated by the market.The closing price of the corn 11 contract was 1572 yuan.

Zhang Yang went home later and looked at the eggplants that the two of them had frosted, and he was very happy.Fortunately, Liu Ying called, and Chen Fan immediately went out to find comfort.

On Tuesday, Chen Fan relentlessly continued to increase his position, and opened 1560 more orders at 10 yuan and 1550 more orders at 10 yuan, all of which were sold.The futures price reached as low as 1548 yuan, and it is still trading around 1550.

Seeing that it was already 2:20, Chen Fan felt a little upset, and in his heart he directly transferred another [-] to the futures trading capital account, putting aside his original thoughts, this time he had to earn back his face.

Chen Fan explained what he meant, and Zheng Xiaopang was a little dumbfounded. He only planned to offer 10 yuan to test the waters, so that's it.

When the price of corn broke through 1545 yuan, Chen Fan was already planning to make a move, but he accidentally discovered that the data on the transaction list had changed slightly.

There is no sign of short positions being closed, but more orders are gradually increasing, the price gradually slides to 1540 yuan, and more orders are gradually increasing.

Chen Fan feels that the bulls did not protect the market at 1600 on Monday, so what are they going to do?Lure?Gradually pending orders attract empty orders. The open interest has been rising these days. Could it be that they intend to wipe out all the short positions.

Thinking of this, Chen Fan opened a long position of 1540 lots at 50. He was really forced by the market. Now it seems that the floating loss has already reached 2 yuan.

Fortunately, although the corn price dropped to 1539 yuan at the lowest level, it finally closed at 1542 yuan. Chen Fan still lost nearly 2 yuan.

Looking at the cost, Chen Fan now has more than 100 lots, the average price is 1560 yuan, the current price is only 1542 yuan, a loss of 18 yuan per ton, 100 lots is 1 thousand tons, at least 1 is gone.

Chen Fan was a little nervous now, and planned to stay at home to watch the night market tonight, and he bought too much.

In the evening, Chen Fan didn't go out to look for Liu Ying, he just said something on the phone and obediently stayed in front of the computer.

At 9:[-] p.m., the futures market starts trading at night.

The corn 11 contract continued to fluctuate around 1540, but what reassured Chen Fan was not that the price had stabilized, but that the bulls had obviously started to enter the market.

In the trading area, "more open" and "empty flat" appeared continuously. Chen Fan gradually calmed down his nervous mood, always feeling that something was going to happen tonight, and he was a little bit distracted.

At 11 o'clock in the evening, with the continuous large orders entering the market, the price of corn began to break away from the downward trajectory and rise sharply.

1542, 1545, 1550
Tens of thousands of lots were traded in a few minutes, and a large number of concentrated long positions opened to sweep away the arrogance of short positions for several consecutive days. Chen Fan didn't like it, so he quickly opened 1548 lots at 50.

A big positive line appeared in Chen Fan's eyes. This time, the bulls might also be planning to kill the shorts, so they waited for many days and finally let it out tonight.

1560多开339，1561多开218，1561空平98，1562多开350
At 11:20, the price of corn had reached 1580 yuan before gradually stabilizing, and the short sellers began to tentatively pressure the market. Just when Chen Fan thought it would be like this tonight, the price of corn was pulled up sharply again in the last 5 minutes , accompanied by an explosive piece of news: the main corn producing areas in the United States have suffered heavy rains, and it is expected that the corn production will be reduced by at least 1% this year. The specific losses are still being assessed.

At 11:30 p.m., stimulated by the good news, the price of corn rose again in the last 5 minutes, breaking through the integer mark of 1600 yuan and closing at 1607 yuan, ending a thrilling day.

After the market closed, he smiled at Zheng Xiaopang and Zhang Yang who were sitting behind him in a daze, and then began to look at his earnings for a few days.

The position is 1556 yuan, 150 lots is 1500 tons, the price difference is 51 yuan per ton, and the profit is more than 7 yuan, hahaha
At this time, Zheng Xiaopang patted the back of his head, and said "I wipe" to express his heart.

Suppressing his excitement, Chen Fan planned to wash up and go to sleep.

In the following three trading days, as pessimistic data continued to be disclosed, corn prices began to rise sharply.

On Wednesday, the corn 11 contract closed at 1628 yuan with the inertia of short positions closing, and Zheng Xiaopang increased his position by 20 lots.

On Thursday, because of the latest data, the market rose sharply under the influence of pessimism, closing at 1667 yuan.

On the most tragic Friday, because the weather forecast predicts that there will be continuous rainfall in the next week, the market’s bearish psychology finally collapsed, and the price of corn rose wildly by hundreds of yuan, closing at 1785 yuan.

Liu Ying was very worried about Chen Fan's condition two days ago, especially when she went to see Chen Fan after get off work on Tuesday, and she was shocked when she knew that he had a heavy position in corn futures.

But she is knowledgeable and considerate, she didn't complain, she just comforted him not to rush.

I have a house and a car, so there is nothing to be afraid of, the worst is to start all over again.

Early on Wednesday morning, because of Chen Fan's reasons, he started to care about the price of bulk commodities. After checking at the first time after work, he was surprised to find that Chen Fan had made the right bet, not to mention the sourness in his heart.

After Friday night, Chen Fan looked at his profit and giggled.

The price difference per ton is as high as 229 yuan, and the profit per lot of 150 lots is 2290 yuan. The total profit is 34 yuan, which has doubled.

The time is approaching November, and the main contract will gradually be transferred to the 11 contract. Chen Fan is also considering this matter.

With the end of the corn harvest season in the United States, the final production reduction data came out, and the production reduction was nearly [-]%, exceeding market expectations.

The price of corn continued to rise slightly, and finally Chen Fan chose to close his position at 1858 yuan, taking a profit.

Chen Fan won 45 yuan in this campaign, and his cash assets have exceeded 90 yuan.

Because he wasn't sure where the corn could reach, Chen Fan didn't open a short position immediately after closing his position. He wanted to rest for a while.

In the next few days, I returned to the same way as when I was chasing Liu Ying every day. I picked up my girlfriend for breakfast in the morning, went to get off work, and picked up my girlfriend from work in the afternoon.

Entering November, Chen Fan still didn't open a position.After the renovation, the final payment of 7 yuan was paid and the key to the new house was taken back.

Followed Zheng Xiaopang to his family business Hongda Private City to buy a complete set of furniture, and bought home appliances in the commercial area of ​​Jianguo Road, which cost more than 6 yuan.

It was also at this time that Chen Fan knew that Hongda, the fifth-ranked furniture brand in the country, was actually owned by Zheng Xiaopang.

But seeing Zheng Xiaopang looking at his family's property with disgust on his face, he kind of understands why Zheng Xiaopang cares so much about stock speculation and futures trading.

He doesn't like to be in the furniture industry, or the real industry. He has a free and undisciplined character, and he wants to be trapped in the family business.

Looking at the new house that has been decorated and newly furnished, Chen Fan felt a little itchy in his heart, thinking that it would be nice to have some embarrassing things with Liu Ying in this new house.

But I also thought about the poisonous gas in the newly renovated home. If I was shot, would it affect the health of the next generation.

Just be patient.

He and Liu Ying closed the door of their new house, took the elevator downstairs, and the young couple walked casually in the community.

Turning to the sales department, Chen Fan walked in with Liu Ying thinking about the current housing price.

When I entered the door, I saw the sales lady, Sister Wu, sitting inside, and walked over, chatting with her casually.

(End of this chapter)