legendary trader

Chapter 721 Chapter 722 The stock market collapsed
In fact, the trend of the Nasdaq index today is not ups and downs. On the contrary, the trend of the Nasdaq index futures is extremely fierce. The futures index fell sharply after the opening.

In the past period of time, the trend of the Nasdaq has been good, and it has been rising all the way. Although there are adjustments to the trend from time to time, the main tone of the rise has not changed, which makes the premium of the Nasdaq futures bigger and bigger. It once reached an exaggerated state of nearly 2 points .

But such a range has completely disappeared today. The Nasdaq did not collapse, but the Nasdaq futures collapsed.

Index futures essentially reflect a judgment on the future trend of the index. Before the market continued to rise, everyone was very bullish on the market, and the state of premiums continued to intensify. However, after two consecutive days of media bombardment, speculators in the futures market suddenly discovered that this The market is still risky, and it seems that the underlying stock market is better now, but the risk in the futures index market is a bit high, which has exceeded expectations.

The December futures contract of the Nasdaq fell directly from 12 points. Although the rebound of the Nasdaq once stimulated the futures index market, but under the huge gap, the bulls were finally defeated. The December futures contract of the Nasdaq closed today. A big Yin line closed at 3298 points, a drop of more than 12 points.

In fact, the news had already reached Chen Fan's ears during the trading session, but Chen Fan did not let that side close the position, although the book loss was not small.

At this moment, Chen Fan was reviewing the trend of the futures index market. It seemed that there was nothing to see. It was obvious that the short sellers had indeed gained power today.

"Call them over here." Seeing that the futures market finally closed, Chen Fan said to Zheng Xiaopang.

After waiting for a few minutes, Ning Yongyou, Kuang Jichun, and Li Fei came over after finishing the closing operation, holding today's transaction materials in their hands.

Chen Fan took a look at Ning Yongyou's information, and suddenly asked in surprise: "Today's position reached 27 lots? Increased position by 11 lots?"

"The trading volume in the market today is very large. According to what you mean, we adjusted our positions according to the total market positions. Therefore, when it fell, we also followed up the total market positions and increased our positions."

Ning Yongyou explained carefully, telling them all about their thoughts on the transaction.

I can't help but make it clear that I lost money on the order I bought today, and now the December contract is also in a floating loss situation.

In fact, at that time, they urgently reported to Zheng Xiaopang the trend of the futures index market today because they had not received any new orders from there, so they temporarily suspended trading. Just started trading again.

Chen Fan immediately looked at the information in his hand, then turned his head to look at the computer screen, and suddenly remembered something, and began to operate the mouse to check the position changes of the Nasdaq futures December contract in the recent period.

After a long time, Chen Fan turned his head and said to them: "You have done a good job and strictly followed the instructions issued here."

As he spoke, Chen Fan smiled and continued: "I didn't notice it at the time, and I didn't expect it to be wrong. In fact, even if your increase in position today is wrong, as long as you trade according to the order, you don't have any problems."

Ning Yongyou, Kuang Jichun and Li Fei stared at each other, but they didn't say anything.

Afterwards, Chen Fan chatted casually with them for a while, mainly asking about the recent changes in the market. Although Chen Fan also looked at the trend of the futures index from time to time, he didn't stare at it all the time, and sometimes he couldn't help but ignore it.

After the three of them left, they saw Zheng Xiaopang smiling and said, "Guess it?"

Zheng Xiaopang nodded slightly, "I probably figured it out, they want a long position, but is it interesting to make such a big noise?"

"Hugging grass and beating rabbits, incidentally, I guess so." Chen Fan said after thinking about it, "Maybe they want to wash the market to scare people, or they want to expand the futures index position, who knows, anyway, the effect has already come out. Yes, but I think it should be determined by multiple factors, no matter how you look at it, the advantages outweigh the disadvantages."

Zheng Xiaopang shook the information in his hand and said, "In the previous transactions, the orders were all positions opened above 3200 points, now."

Before he finished speaking, he was interrupted by Chen Fan waving his hand, "As long as the index is pushed to a higher position, what is the loss now? They must be more accurate in their economic calculations than you, aren't they?"

"Hehe, that's right." Zheng Xiaopang smiled, "They really got it right."

"The most interesting thing is the wave of killing 3000 points. Good guy, it should be that the long-term institution was liquidated, and the points plummeted due to the forced liquidation, directly killing from 3100 to 3020."

Chen Fan pointed to today's sharp drop in Nasdaq futures and said with a smile.

"Don't laugh, people may want to die right now." Zheng Xiaopang said so, but his expression was still cheerful, "Who would have thought that in this rising market, the bulls would still be caught by the bulls?" When people broke their positions, anyway, I opened my eyes."

"It is estimated that the point of opening a position is high, and the risk control is not done well." Chen Fan said after thinking about it, "You have to write this down, I don't worry about it when I control the market, and you have to pay attention to risk control when you get started. "

"The impact behind?" Zheng Xiaopang suddenly said again, as if he was still a little worried about today's futures trend.

"Don't worry, it's just an accident. I looked at the trend chart and it's very good, but the premium may be less in the future."

Chen Fan smiled, but he was also wailing in his heart. Recently, he was only staring at Qualcomm and the Nasdaq, but he didn't expect that there would be something wrong with the index.

In Chen Fan's mind, as long as the Nasdaq continues to rise, he doesn't need to care about the futures index at all. The futures index must follow the underlying stock point. The gap is nothing more than a premium or a discount. Not far off.

But I didn't expect an oversight. Today's futures index will go out of a sharp drop trend, and the huge rise will be wiped out in an instant, but what really touched Chen Fan is the wave of diving. The trend of suspected multi-stakes institutions being liquidated is so frightening , the bulls in the bulls market were exploded. Chen Fan never thought that such a thing would happen before.

That diving trend was too unusual, obviously it was not operated by normal people. At that time, the Nasdaq point was already at 3126 points, and Chen Fan had already compared the time, while the futures index was at 3117 points, which was already in a discounted state at that time. It is still falling, it can only be caused by the high cost and no money to make up, and being forced to liquidate.

It’s just killing more. Fortunately, the Nasdaq market is obviously taken care of by the main force today. If it is normal and the main force is not paying attention, the Nasdaq futures may cause the stock market to collapse. After all, the market is interconnected. It has been getting higher and higher. Although I don't know the reason, as long as there is a slight disturbance in the futures index, it will easily shake the confidence of the underlying stock market holding institutions.

Today's market is really like a dog.

(End of this chapter)