legendary trader

Chapter 36: Chapter [-] Corn Futures
陈凡分别在1760元和1755元各买进了50手，成交后继续在1755-1750每个价位都挂上多单。

However, after opening a position for the second time, Chen Fan discovered that the short sellers in the market were really not strong, and it was difficult to suppress the price of corn. On the contrary, many short sellers wanted to close their positions.

Chen Fan guessed that the long-term suppression failed to effectively break below the support level of 1750, which led to the loss of cohesion of short sellers in the market.

Chen Fan was a little anxious, because if there were not enough positions, the profit would be very little, and it would be difficult to support his plan.

However, the short position in the market is weak. If you pull up and build a position, you are not only afraid of being targeted, but also worried that if the price is pulled up, no one will come out with an empty list.

With no other choice, Chen Fan had no choice but to continue to place long and small orders below 1760, waiting for the transaction.

Inevitably, Chen Fan's long orders still had a little impact on the price, and it was difficult for the price of corn to fall around 1758 yuan.

Chen Fan calculated that without any bad news, he might not be able to receive enough bargaining chips, so he sighed and continued to watch the order.

After a busy day, they sold more than 300 lots. Chen Fan paid attention to domestic and foreign financial news, but did not see any bad news involving agricultural products. He sighed, thinking that he would have to wait for a long time to complete the opening of the warehouse, and he didn't know if it would go well. Finish.

In the next few days, Chen Fan continued to place orders below 1760, but the efficiency gradually decreased, and finally he had to raise the price to below 1770 to buy.

Looking at my latest positions: 3854 lots, with an average price of 1766 yuan.

Chen Fan felt a little broken. The main corn position now has a total of 26 lots, and he has reached 1.5% of the total position. This is still using the futures accounts of Zheng Xiaopang, Zhang Yang, and Zhang Ping, which is almost reaching the limit, but his own It's only a third of the way.

Chen Fan's plan was to reach [-]% of the position, but at this time, he found that the account was a bit low.

After talking about the predicament to a few roommates, Zheng Xiaopang asked Zhang Yang after thinking about it, how is the legal person account stipulated, whether new companies can also immediately open an account for trading, and whether there is a limit on the amount of open interest?
Zhang Yang thought about it and said, "There is no limit for legal person customers, but there is still a limit of 3000 lots for holding positions. It is no problem if a single contract does not exceed this number."

Zheng Xiaopang said to Chen Fan: "Brother, just start an investment company. In the future, stocks will also need an account." Chen Fan looked a little dumbfounded and said, "How about letting your wife do the finance?"

"Not much, at least not now." Chen Fan shook his head like a rattle, but after thinking about it, he said, "Xiao Pang, why don't we start a company?"

I turned to look at Zhang Yang and Zhang Ping again, and asked for their opinions. Everyone discussed for a while, and finally decided to just start a company, and the shares will be divided according to the profit this time.

The final shareholdings are: Chen Fan 74%, Zheng Xiaopang 25%, Zhang Ping 0.8%, Zhang Yang 0.2%.

Then I began to think about the name of the new company?Several people talked for a long time but couldn't come up with a good name, and they said they wanted to please the lottery, but they also wanted to be domineering.

If you can't argue, just leave it to Chen Fan to think about who made him the major shareholder.

In the end, Chen Fan made a final decision and called it Rongcheng Chaofan Investment Co., Ltd. He didn't want to have any private equity qualifications for the time being, so let's talk about it later.

On the second day, Zheng Xiaopang ran up and down to register the new company, but fortunately, with the help of a friend, he got the permit in two days.

Immediately afterwards, Chen Fan used the remaining funds of 1000 million to complete the capital injection, rented a ten-square-meter small office for decoration, and did not arrange anyone, even if the company was established.

After the formalities were completed, the information was handed over to Zhang Yang to open an account in the company without stopping. The account could be activated within a day, but it was also the weekend.

Because Zhang Ping and Zhang Yang had jobs, only Chen Fan was the manager and legal representative, and Zheng Xiaopang was the deputy manager and accountant.

It can be regarded as a useful place for the accounting certificate obtained by Zheng Xiaopang. As for the salary, the two of them have not considered it for the time being, but Zheng Xiaopang asked a few younger sisters to come to the company after finishing the work. The airs are still set up, and his accountant is only in name.

A few weeks later, Chen Fan started to use his company account to continue buying corn 01 contracts, but the price had risen to more than 1770 yuan.

After opening 1773 lots at an average price of 1500 yuan, the investment finally exceeded [-]%.Chen Fan stopped continuing to open long positions and turned to wait and see.

He has already felt that the bulls in the market have started to start the market again. After two days of observation, the price of corn has risen to 1782 yuan.

Chen Fan has roughly estimated that the market price may reach more than 1960 yuan this time. As for whether it can reach 2000 yuan or not, it is relatively optimistic, so basically, the price will be equalized for every 1960 yuan after the price reaches 10 yuan.

As for the amount of 1500 long orders in his hand, he will temporarily keep it, and help the long position at the critical time, after all, he is also a small long position now.

The market opened again on Monday, and the corn 01 contract maintained its upward trend last week and continued to rise, rising to 11 yuan at 1788:[-] a.m. Looking at the fairly stable trend, Zheng Xiaopang was beaming.

You know, their floating profit has now exceeded 100 million, although according to Chen Fan's intention, this is just the beginning.

So for a day, Chen Fan's ears were bombarded by Zheng Xiaopang's shouts of "Fantasy God".

In the afternoon, the corn contract continued to rise steadily, touching 1795 yuan in the intraday session, and finally closed at 1792 yuan.

Zheng Xiaopang was a little excited to see Chen Fan open a position during this period of time. He spent tens of millions just like that. It would be a lie to say that he was not nervous, but seeing the benefits
For the next four consecutive days, corn prices continued to rise steadily, and there was a small outbreak on Thursday.

Perhaps the slow rise in the past few days has accumulated a huge amount of long-term energy, and perhaps the price of overseas markets has been continuously pushed up, and the market broke out on Thursday.

The price of corn rose all the way from Wednesday’s closing price of 1821 to 1850 yuan, and the short positions began to close and leave the market gradually increased. The night market also continued the trend of continuing to rise. The profit has exceeded 1867 million.

For two days on the weekend, Chen Fan took Liu Ying to see the new house again, and moved some of the things he bought in by the way.

Hearing Chen Fan say that he raised tens of millions of funds to invest in the market, Liu Ying was also taken aback.

When I first heard Zheng Xiaopang say that they were registering a company, I thought it was just a small business, but I didn't expect the investment to reach tens of millions all of a sudden.

Liu Ying also had no choice but to repeatedly persuade Chen Fan to pay attention to risks and not to invest too blindly, especially Chen Fan's habit of being crazy, suddenly interested in a certain product, and dare to enter the market with a full position, is a big taboo in the market.

Another week passed quietly, and the corn contract price has reached 1950 yuan.

While the bulls were slowly attacking, the bears did not have the powerful counterattack that Chen Fan thought they would. There are only four trading days this week and the new year will be ushered in.

During this period of time, Zheng Xiaopang looked elated and happy.

And Chen Fan was really depressed.I used to watch the dealers hype, with wide-ranging techniques and passion, but when I learned to be a small dealer, the short sellers did not resist and surrendered directly.

Self-feeling is useless.

In this way, I watched the corn contract price reach the target price I set in depression.

Chen Fan began to place orders and close positions with an unhappy face.

1960多平20手，1961多平10手，1962多平10手.1965多平20手，1968多平10手.
Unknowingly, 500 lots were sold out in half a day. Chen Fan felt that he had sold out a bit.

Chen Fan stopped closing positions throughout the afternoon, watching the price of corn receive 1967 yuan.

Watching the night market at night and watching the news online, I found that the headlines were criticizing the recent rise in meat prices.

Chen Fan understands that corn is not used as a staple food in China. In fact, many of them are used as feed, and soybeans are similar, and the oil residue after extraction is also used as feed.

The agricultural products in the United States have risen sharply, and the domestic market will rise, and there is no way to do it.

Watching the news, thinking about it, I suddenly had the urge to go abroad.

When I was studying and studying in the past, I knew that the international financial market is still the boss of the United States, and the rest are left behind.

After thinking too far, I pulled back my thoughts and looked at the end of the article to objectively analyze that the rise in meat prices was mainly caused by the rise in prices of corn and other agricultural products in the international market.

This can be regarded as a public opinion offensive created by the bulls. Do you want to continue to expand your advantage or prepare for liquidation?
Chen Fan's conspiratorial speculation contained some deep meaning.

Tomorrow is the last day of this year, Chen Fan recharged his batteries and prepared for the battle.

(End of this chapter)