legendary trader

Chapter 777 Chapter 778 A New Day

The trading of rice stocks continues, and there is no violent sell-off wave. It seems that there is still no psychological preparation for the sudden circuit breaker of today's market. All market participants are very cautious about the next trend.

Thinking about it, although I have encountered various stock market crashes, it is the first time that trading has suddenly stopped during the crash. Not only institutional investors, but even individual investors are also very confused, and I don’t know what other investors will participate in the next What kind of trading strategy will people adopt.

This also led to the rapid decline of the market after the resumption of trading. After the trading orders issued before the suspension were quickly consumed, there were very few new transactions in the market, and the transactions in the following trading hours were extremely sluggish.

On Qualcomm, there are hardly many new buy orders at the lower buying price, and of course there are not many selling orders. Under such market conditions, He Li can only do nothing. Even if they understand that they should still implement the previous trading strategy, continue It's not good to find an opportunity to ship, no one will take over.

At this time, He Li and other traders actually carried out very few transactions, and everyone seemed to be suddenly idle.

Of course, Chen Fan noticed the changes in the market and the crowd. Perhaps he was also waiting for an opportunity, and now it seems to be just right.

"He Li, do you think the market has plummeted now?"

Chen Fan asked suddenly, it seemed to be to He Li, and it seemed to be to everyone in the room.

Zheng Xiaopang on the other side also understood that Chen Fan still has doubts about whether the market will fall to the bottom, and is worried about intervening in the market too early.

However, after Chen Fan's voice fell, neither He Li nor the other traders answered. It was easy to give their own judgment, but if they continued to ask the reason, it would be difficult for everyone to answer in such a short time.

In fact, it is very simple to analyze the market, either up or down, but the reason will naturally be asked about the result, which cannot be avoided.

Chen Fan didn't mean to ask them to give an answer immediately, he just asked here first.

Chen Fan himself knew that if the market bottomed out, but there was no rebound, there was room for it to fall. Where would it be?
The question seems simple, but it is not easy to answer.

The trading room was quiet for a while, except for occasional keyboard clicks, but no one spoke.

It's okay for other people to talk if they don't speak, but He Li, who was named by Chen Fan, can't pretend to be deaf and dumb. He glanced at the other people in the room, but they didn't mean to speak, so He Li had to say a few words first.

"Mr. Chen, I think it's a little early to tell the truth. It's best to wait for the market to increase volume again before we can confirm. Although this time it has fallen sharply, the current trading volume is small, but it does not mean that the selling has been exhausted. It should be the first circuit breaker that caused everyone to temporarily give up selling stocks and wait and see."

He Li had no choice but to say what he was thinking of now, and he didn't know what happened. At least he felt that the market hadn't fallen through. If there was no circuit breaker, the market would directly fall here, and the trading volume would shrink. That would be a signal of bottoming out. Well now.
Hearing what He Li said, he felt the same as Chen Fan, but he didn't stop there, but shifted his attention to other people.

"Does anyone have any comments?" Chen Fan asked casually.

However, what he saw in his eyes were traders shaking their heads as a sign. The market is like that. Of course, everyone can't think of other things in a short time. As far as the trend is concerned, He Li's opinion has been in their hearts. If He Li didn't say these things, if they were to be named by Chen Fan, that's all they could say.

Seeing that there are no other opinions, everyone's opinion is that it's hard to say whether the market has bottomed out, at least it doesn't look like it on the surface, so of course Chen Fan will not enter the market to buy bottoms in this place, at least not now.

"I guess that's it for today. We'll see how we go tomorrow before deciding whether to enter."

Chen Fan said to Zheng Xiaopang.

"Well, after bottoming out, directly open long orders on the futures index, close positions at high levels and continue to sell short orders, just like our previous operation mode."

Zheng Xiaopang saw that everyone was not optimistic about the bottom of the market, so he knew he was in a hurry. Before, Chen Fan kept saying wait, wait, it seems that it is indeed not the time to buy the bottom.

As the trading continued, the trading volume of the market began to recover. Although it did not return to the trading volume before the circuit breaker, it was much better than before. At least some investors began to actively enter the market.

The transaction continued until the close. In the end, the Nasdaq closed at 4223.68 points, a sharp drop of 349 points, or 7.64%. You must know that this is an index decline, which is the average decline of stocks in the market. Although it is weighted, it is also remarkable. plummeted.

"It has fallen by more than 300 points. I guess tonight's American and global newspapers and TV stations will definitely report on the end of the bull market and the coming of the bear market."

Zheng Xiaopang smiled wryly when he saw the market closed.

"There's a good chance that the bull market will end."

Chen Fan just smiled and didn't say much.

Qualcomm closed at 70.38 yuan, down 4.28 yuan, or 5.73%; while Oracle Software was obviously affected by the support of market makers, and it rose slightly in late trading, and finally closed at 38.44 yuan, down 0.59 yuan, a decline of only 1.51%.

The Miruan stock that Chen Fan paid attention to fell sharply today, and finally closed at 45.44 yuan, a drop of 7.68 yuan, a drop of more than double digits, reaching 14.46%.

However, there are not many bellwethers and leading stocks in the market today that have plummeted like Miruan, and most of them have limited declines. Stocks have funds to drive up their stock prices in late trading, but there are too many such stocks, and everyone has different ideas, so naturally it is impossible to use the same operation method.

These new stocks, sub-new stocks, and small and medium-cap stocks that are easy to control appear together on today's decline list. Even if Misoft fell sharply today, they failed to squeeze into the forefront of the decline list, and even only appeared on the third board. .

On Tuesday afternoon, Chen Fan and Zheng Xiaopang were in the tea room looking at the materials sent by Zhang Quan, about the latest market analysis forecasts released by all parties in the market after the crash of the rice stock market last night and the circuit breaker, and the summary of relevant reports from major media around the world.

For the market to have a circuit breaker, this is of course the first time in the history of the rice stock market. After all, there was no circuit breaker mechanism before.

"Morgan's analysis report believes that the market trend after the circuit breaker has effectively curbed short-selling behavior in the market, and it seems to be effective."

Zheng Xiaopang suddenly shook the information in his hand and said to Chen Fan.

"After the suspension, the market trading was deserted. It is true to say that there is no analysis of the bottom of the market."

Chen Fan asked with a smile.

"Empty talk, there are clichés, the market will bottom out soon, but in the end it still reminds the market of risks, ah haha, if you say it, you don't say it."

Zheng Xiaopang laughed suddenly, and while talking, threw away the document in his hand, and picked up another document from the coffee table to continue reading.

Chen Fan shook his head and continued to look at the UBS analysis report in his hand. There were a few complaints about the suspension of trading in the market, but he still mentioned that the circuit breaker had indeed played an effect in curbing the market crash
As people who do financial transactions, Chen Fan and Zheng Xiaopang will of course read the analysis of the market trend by the world's major investment institutions immediately after receiving the information sent by Zhang Quan. Media reports on Monday's plunge in the rice stock market and the triggering of the "circuit breaker mechanism".

However, the urgency of the media people determines that they must be infinitely magnifying the bad market trend. It seems that this is just the beginning of the downward trend, although Chen Fan does not think this analysis is wrong.

After reading all kinds of horror titles quickly, I can figure out the specific content, so there is nothing interesting. Although the impact is still great, judging from the situation received at this moment, it is not very big.

"Today, the Island Economic Index and the Shenzheng Index both opened lower and went higher. It is estimated that the major stock markets on the European side should not have much impact."

Zheng Xiaopang said suddenly that he had finished reading the materials at this moment, sipping tea lightly with his hand.

"It should be. I was lucky last night. When the rice stocks plummeted, the European market had just closed. Otherwise, it would definitely be contagious. It will happen today. The market reaction on our side is very small, and the confidence in the market over there is probably the same. A boost."

Chen Fan smiled and expressed his opinion.

But after laughing, Zheng Xiaopang quickly put away his smile and asked, "How do you think the market will go tonight? Xu Huo called me earlier to ask."

"When did it happen? I received it too."

Chen Fan was surprised. He didn't know why he called both of them.

"It woke me up from the bed directly. I said something about buying the bottom, but you didn't agree. I guess it's this matter that I asked you again."

Zheng Xiaopang said casually.

"No wonder, when I came here, I asked how the market was and if I could buy the bottom. I thought they went in yesterday."

Chen Fan smiled and shook his head, "Later, they said that they didn't participate in the rice stock trading, and I said in my heart that she was so full that she came to amuse me. So it was from you that she learned about bottom-hunting."

"Come on, don't talk about others, are you buying the bottom tonight?"

Zheng Xiaopang didn't want to ramble, and just pointed out the key points.

In fact, Zheng Xiaopang was a little itchy in his heart. When he was in Rongcheng, it was wonderful to operate rice stocks. It was the first time Zheng Xiaopang had such a fun time when he was so old. He bought up and down crazily, making money Earn money.

Although I made more money last year, it's really boring to think about it. It's better to make money quickly by speculating in futures, although the risk is indeed high.

However, last year's results are guaranteed there, and most of the capital and profits have been transferred back to China.

Now all the little money left in the US market is invested. If the profit is as crazy as that meeting, it will not be a problem to double the profit.

And even if you lose this time, it's not a big deal, after all, you already have a safety cushion, it's just short-term speculation, how much you can lose.

"Let's wait for the market to open. I really don't know how to guess blindly now."

Although Chen Fan knows that entering the market at the current point can make money after the market rebounds, he still feels uneasy when he enters the market now, as if something big is about to happen.

Well, think about it, this is my sense of disk.

Thinking of the market sense, Chen Fan suddenly wanted to tease Zheng Xiaopang again, and asked casually: "Do you think you can enter the market to buy the bottom now? Is it the market sense?"

Hearing Chen Fan's sudden question, Zheng Xiaopang was stunned for a moment, then lowered his head and recalled, maybe he was just thinking about why he thought of buying the bottom, could it be that his sense of the market really told him?

But soon Zheng Xiaopang looked up at Chen Fan, and finally shook his head, "It should be guessed according to your instructions, the market is about to bottom out, and there is no sense of market."

Hearing Zheng Xiaopang speak so honestly this time, without bragging about his sense of self-discipline, Chen Fan felt a little bored, so he didn't have the heart to continue this topic, "Let's talk about it later in the evening."

As soon as he finished speaking, the phone rang, and he picked it up to take a look, it was Liu Ying calling.

Chen Fan shook his phone at Zheng Xiaopang, "My daughter-in-law probably knows about the plummeting of rice stocks, so she is worried about me, so she called, hehe."

"I'm going to drain the water, so I don't eat dog food."

Zheng Xiaopang got up and walked out, "Shhhhh."

Chen Fan and Zheng Xiaopang came to the trading room on Tuesday night. When they entered the door today, they saw that the trading room was full of people. Although there were only three more people, it was indeed different from what they were used to.

After saying hello, Chen Fan sat in his seat, patiently waiting for the opening of the rice stock market today.

"Ning Yongyou, please pay attention, there may be a lot of operations tonight."

After sitting down, Chen Fan said to the futures trio, although Chen Fan didn't know whether there would be a lot of transactions tonight, but it would be better to say something first so that they can prepare.

The three of them nodded one after another, as if they were not surprised.

In fact, I have already felt it since I came here yesterday, and we all know that if we operate, we must buy the bottom and go long, otherwise it will not be like that.

Of course, what they didn't know was that this order was actually caused by Zheng Xiaopang's miscommunication. Chen Fan didn't mean to stop short selling, but to slow down the speed of short selling.

In fact, Chen Fan made this order mainly because he was worried about the market plummeting. Ning Yongyou and others directly opened a large number of positions at low positions without knowing it, and suffered losses when the market rebounded retaliatoryly. The risk of the futures market is really too great, and The stock market is now in a very sensitive period, and the market should experience frequent ups and downs.

In fact, an important reason for issuing this order and not participating in buying bottoms on Monday was Chen Fan's unreasonable feeling that the market hadn't really bottomed out.

Perhaps in the eyes of most market participants, yesterday's plunge of several hundred points was already scary, but Chen Fan felt that the market had just begun, and there was no possibility of bottoming out, although he knew the height of the rebound.

"He Li, don't participate in the call auction today, let's see how the market chooses."

When the time was about to enter the rice stock call auction, Chen Fan suddenly said to He Li, the meaning was also very clear, he wanted to know whether the market has the ability to rebound spontaneously, which is also the meaning of judging the strength of the market.

He Li nodded in agreement, and immediately did not place an order, but waited for the market to give an answer.

Soon, today’s opening prices on the rice stocks began to be refreshed one after another. Qualcomm’s opening price was 70.94 yuan, which was a high opening; Oracle Software’s opening price was 39.06 yuan, which was still a high opening;
(End of this chapter)