legendary trader

Chapter 448 Chapter 449 Try to buy and sell quickly

"How big do you think the resistance of 8 meters is? Is it okay to smash it?" Chen Fan asked He Li.

Looking at Qualcomm's current share price of 8.28 yuan, Chen Fan felt a little overwhelmed, and kept trading down, but the strength of the intraday rebound was very strong, and a downward trend could not be formed.

At this time, it has been more than an hour since the end of the rebound of the Nasdaq. After the market opened, the Nasdaq rebounded retaliatoryly, and the index once soared to 2440 points. The low point has not been pierced again, and it seems that the resistance at the integer mark of 2400 points is still very strong.

With the fall of the Nasdaq, Qualcomm's stock price could not continue to consolidate below 8.5 yuan, and the stock price began to decline.

Chen Fan instructed He Li to continue making small orders, and he immediately withdrew the 8.4 yuan buy order and replaced it with a few small buy orders of thousands of shares. Here, he will not continue to support it.

After that, Qualcomm's stock price began to fluctuate and fall with the market's decline, and it didn't take long for it to break the intraday low and start a new journey to find the bottom.

However, during this process, Chen Fan also found that the selling orders did not enter the market on a large scale, and there were still not many selling orders. Most investors did not give up and were still persisting.

There is no way, I can't control my confidence in holding shares, I can only wait to see if there is an opportunity on the market.

The Nasdaq once again gained support near the previous low point, which undoubtedly boosted the confidence of Qualcomm's intraday capital holdings. Although Qualcomm is still bottoming out, the market has begun to stabilize, and the momentum for continued decline is not so sufficient.

Taking advantage of the opportunity of the previous market rebound, Chen Fan arranged for He Li to leave the coefficients of the stocks bought in to protect the market, and there was a difference of a few cents between the entry and exit. Of course, the rest after deducting the handling fee per share was Running out.

Chen Fan didn't want to lose his chips, and he didn't want to get too many high-priced tickets. He suddenly found that he bought some stocks in the market and then sold them according to the trend. Much is better than nothing.

After thinking for a while, Chen Fan whispered to He Li: "Our own stocks will not be moved for the time being, you can find some new accounts, we will do a short-term quick operation today, and take advantage of the opportunity of stock price fluctuations to buy on the spot at low prices." Buy stocks and then use these stocks to drive down, do you think you can drop the stock price and make money in the middle?"

"Buy stocks to smash the market?" He Li said hesitantly, "I have done this before, but it is difficult to make money. Unless a downward trend is formed, the market is only the cause of the market's decline. As long as it is still relying on the market to sell orders The stock price is falling, this operation is a test of technology.”

In the subsequent operation, Chen Fan and He Li began to try to follow Chen Fan's intention, calling new accounts to enter the market to accumulate funds and then smash the market.

The main task of He Li and the others is to smash down the stock price, while Chen Fan is looking for the tricks of the transaction and studying how to achieve his goal smoothly.

Zheng Xiaopang watched it interestingly, and soon joined in.

But to Chen Fan's dismay, half an hour later, Chen Fan still had no clue, Qualcomm's stock price didn't drop much, and several new accounts have already suffered trading losses.

Of course, the loss was mainly in He Li’s trading account. After all, the main task they received was to suppress the stock price. Although the drop was not much, it is true that Qualcomm’s stock price has fallen from 8.45 yuan to around 8.28 yuan. Their task can be regarded as completed, and the intraday loss is actually not much, only tens of thousands of yuan.

"The downward trend has not formed, and this operation is sending money to the market." Zheng Xiaopang also suspended the transaction, and whispered to Chen Fan.

Chen Fan nodded. He also wanted to understand. The premise of short-term fast trading operation is still to form a trend, operate with the trend, suppress at the key point, cover the position at a lower price and prepare to sell at a higher price when the stock price rebounds, so that The stock price once again forms a downward trend, and only by repeated operations can it be possible to make money.

And it seems that the general trend is not good enough. Only when the stock price fluctuates or moves violently in a certain direction can he realize his idea.

There are too many market environments to consider, and Chen Fan feels a little headache.

At this moment, the Nasdaq seems to be rebounding again. The index has started to rise slowly from below 2410 points, but the trading volume has not been released. Now speculative funds are becoming more cautious. It should be that the market’s rebound momentum is insufficient and it is difficult to pull back .

"He Li, don't suppress it for now, collect some chips, and prepare to hit me hard when the market comes down later, smashing through the bottom." Chen Fan suddenly said to He Li.

After finishing speaking, without waiting for He Li to answer, he turned to stare at the trend of the Nasdaq index, looking for the reversal point of the Nasdaq, and believed that He Li and the others knew what to do.

The trend of the Nasdaq also appears to be a little lacking, and it will be weak when it rebounds to around 2420 points.

Seeing that the Nasdaq Index was about to pull back, Chen Fan began to prepare to drop Qualcomm's stock price. At this moment, Qualcomm's stock price rebounded to 8.37 yuan because of the loss of He Li's pressure. Big, He Li and the others didn't take in many chips, and a large number of selling orders were still hanging on the top and they were unwilling to come down.

How to wear down these people's confidence in holding shares, Chen Fan has no time to wait, so the only way is to smash the stock price, severely smashing the stock price to shake their confidence.

Seeing that the Nasdaq Composite Index was rising to 2421 points, the index began to fluctuate up and down. Obviously, it is already very reluctant now, and it may slip down at any time.

But it is still not safe now, who knows that if an institution suddenly pulls some stocks and pushes up the index again, before the index turns around, Chen Fan can't start to suppress it.

Chen Fan chose to continue to wait, waiting for the market to pull back.

However, there was no eventuality in the market. After the Nasdaq struggled around 2421 for a while, it finally started to pull back. Don't take the initiative to sell orders.

Chen Fan keenly caught this unusual change in the market. When the Nasdaq fell back to 2420 points and the volume column was longer than the previous few bars, Chen Fan had a premonition that the market was different.

Without continuing to wait for confirmation, Chen Fan shouted to He Li immediately: "Suppress it, the target is 8 yuan."

After 8 simple words, Chen Fan shut up. He didn't look at the trend of Qualcomm's stock price, but stared at the current running line of the Nasdaq.

The Nasdaq market was hit by a large number of active selling orders from the sky, and the previously solid line of defense showed signs of collapse. Many stocks that had just been struggling to rise were hit by huge selling orders at this moment. With a quick pullback, the buy orders below are simply unable to resist the blow from the bears.

The collapse of most of the leading stocks at this moment has a huge impact on the Nasdaq. The Nasdaq was continuously depressed and fell without any resistance, and the speed of the decline continued to accelerate as more stocks continued to join the plunge. .

Seeing that the market has fallen, although I don't know if it will fall below the 2400 mark this time, Chen Fan still hopes that the market will fall below. Look at the current technology stocks that have fallen into dogs, banking, insurance and other financial markets. Institutions have also become the main force in today's market decline. Most of the market's downward momentum this time comes from listed companies in traditional industries that are resilient. The market has formed a large-scale downward trend, and the gods are hard to save.

The Nasdaq fell too fast. Before Chen Fan could react, the index had already fallen below 2410 points, quickly approaching the integer mark.

Early lows are dangerous.

At this time, Chen Fan didn't pay much attention to Nazhi, and turned to look at Qualcomm's stock price chart. The overall situation over there was settled, and there shouldn't be any twists and turns. There is a high probability that it will also fall below 2400 points.

At this time, Qualcomm's stock price had already fallen below the previous low of 8.25 yuan, and the latest transaction price was 8.18 yuan. Because there were not many buyers below, He Li and the others did not frantically suppress the stock price or create a diving trend. With a relatively steep slope, Qualcomm's stock price was driven down.

Chen Fan stared at it for a while, and found that He Li and the others followed his intentions. While placing a small amount of buy orders below to accept sell orders, they kept suppressing the buy orders below. Lost more than a thousand dollars.

But looking at Chen Fan, he felt that something was wrong. The current background transaction data is only Qualcomm's stock, and no one else seems to be operating.
After a quick check of the current market situation and the futures index, I discovered a problem. Now that the Nasdaq’s June contract has reached the bottom line of 6 lots, the futures trading team has stopped trading, whether it is opening a position or Close the position.

Now the Nasdaq futures June contract is only at 6 points.
The Nasdaq will return to 2600 points.

"Little fat, contact the futures trading team and start opening positions immediately. The discipline is to open positions when the Nasdaq index is lower than 2500 points, and close positions when it is higher than 2600 points."

Chen Fan suddenly gave instructions to Zheng Xiaopang, who was watching the tape, and then turned his attention back to the trend of the Nasdaq.

2398.42 points, in just 2 minutes, the Nasdaq fell below the integer mark of 2400 points, hitting an intraday low.

However, the decline of the Nasdaq will obviously not stop because of this, and selling orders are still entering the market frantically. It seems that this stock of funds is not a scattered selling order in the market, but a premeditated behavior of institutions to suppress the market.

And when Chen Fan turned his attention to Qualcomm's stock price, Qualcomm's stock price was still at 8.17 million yuan, and there was a rebound of several meters from 8.15 million yuan.

Looking at the Nasdaq, which has fallen to 2396 points, Chen Fan said directly to He Li without delay: "Accelerate the suppression of Qualcomm's stock price. Now that the market is plummeting, it is the opportunity to break through 8 yuan."

He Li was slightly stunned when he heard Chen Fan's words. Chen Fan rarely spoke in such a situation before, but he didn't say anything. He directly issued a sell order and responded to Chen Fan's order with actions.

Soon, Qualcomm's stock price began to fall rapidly from 8.17 yuan. Just a few sell orders of thousands of shares smashed the stock price to an intraday low of 8.15 yuan. near yuan.

However, Chen Fan had already said before that he wanted to smash through the price of 8 meters, so He Li and the others did not stop at all, and continued to accurately throw the stocks in the account to the buying orders below, leaving only a few hundred dollars at that price. It's just a sale order of thousands of shares, after all, there are not many stocks in this newly opened account.

Seeing this, Chen Fan frowned, and said to Zheng Xiaopang: "Open an old account, place a large order on Qualcomm, and don't think about the funds in the market."

"Uh, okay." Zheng Xiaopang just contacted the futures team and conveyed Chen Fan's meaning, and immediately had a new task to help He Li and the others stabilize the occupied area.

However, Zheng Xiaopang didn't have the habit of talking too much, so he did it according to Chen Fan's wishes.

Soon, selling orders began to gradually appear at the selling price that was relatively empty before, gradually piling up from thousands of shares to tens of thousands of shares, tens of thousands of shares
Zheng Xiaopang knew that he couldn't place an order, so it was too obvious to intentionally suppress the order. He chose to place orders with thousands of shares, and slowly piled up the quantity, so that it seemed more natural.

Of course, this is only effective for investors who keep an eye on the market. For those who have not continued to pay attention to Qualcomm's trend, this little thought has no effect at all.

However, as Qualcomm's stock price approached the 8-meter mark, Zheng Xiaopang just placed orders on the site established by He Li and the others.
Soon, He Li's selling orders will start to face nearly 8 shares of Qualcomm's 10-meter purchase price. Chen Fan noticed that there are not so many stocks in the stock account that He Li and the others are currently manipulating. At the beginning of the crackdown, there was no fund-raising action, and the stocks in the account were used a little less, and now I have no ability to break through the 8-meter mark.

But Chen Fan glanced at Zheng Xiaopang, "Fatty, you make the bill, pay the 8 yuan bill in two, no, three."

"Ah? Why me." Zheng Xiaopang also didn't react at first.

"He Li is out of stock, you smash it and let them continue to chase down the stock price." Chen Fan said, this is also for He Li and the others to hear.

Zheng Xiaopang saw that the current stock price had reached 8.01 yuan, so he was not ambiguous, and directly sold 8 shares of Qualcomm shares to 5 yuan, followed by 2.8 shares, and the last tranche was 8 shares. Sweeping away the 8-meter sale order in one fell swoop, but Chen Fan suddenly patted him, "Wait for about ten seconds before smashing, the continuity is too strong and easy to be recognized."

Chen Fan suddenly suppressed Zheng Xiaopang's movement, and waited for a while before nodding, "Smash it."

Zheng Xiaopang immediately threw out the sell order of 8 shares, and the largest buy order on the market was swept away. Chen Fan didn't know how much shadow area was in the hearts of Qualcomm stock holders at this time, but he felt that this time the stock price Breaking through 8 yuan should have a great damage to the confidence of shareholders. As long as the suppression continues, they are not afraid that they will not lose their stocks.
(End of this chapter)