The Son of Finance of the Great Age

  Chapter 172 Crazy promotion (1)

On May 8, 1994, Friday, the opening price of copper 3 was 1974 US dollars, which was basically the same as the closing price of the previous trading day. Just when the market still thought that this would be a slightly flat trading day, the copper price suddenly started to go crazy The ground soared!

"Today will be the day when the US economic data for April will be released. According to the data of the first three quarters, even if the growth rate of this month has slowed down, data such as the housing start rate will inevitably be affected by the beautiful data in the first quarter. Therefore, this period is the best time to raise the price of copper!" In New York, Druckenmiller educated his traders, and after a pause, he said slowly: "Some time ago We have accumulated a large number of long positions on the copper 3 contract in June and July. The average price is around 1965, and the size is about 20,000 lots. These positions will be a major profit point for us in the future. At the beginning, we have to earn back all the losses in the first quarter, do you understand?"

   "Yes, Boss!" A group of traders who had been gearing up for a long time and were eager to try, yelled frantically like a chicken blood. There is no need for Druckenmiller to say anything about the rest of the matter, as long as they continue to open positions to raise the price of copper, they have already discussed a charter for this tactical matter.

   "Boys, what are you waiting for, let's get started, now!" Druckenmiller waved his hand, signaling all traders to start working!

  …

  London, the trading hall of Sumitomo Corporation, almost at the same time, all the traders were also called into a small meeting room by Hamanaka Yasuo, where they were conducting pre-war lectures.

"According to my information, there has recently been a wave of bulls quietly absorbing chips in the market. Currently, the number of open positions in the market has reached 100,000. It seems that they will have a large-scale battle in a short time. I guess These two days are the days when the U.S. releases economic data for April. But gentlemen, our goal this time is not to fight against them, but to raise copper prices together with them, because I got another news, that is, in Shanghai On an option announcement day, a large number of bearish forces chose to execute, the number is large enough for us to have enough profits, so we must cooperate with this bullish pull-up during this period, understand?" "In addition, in the pull-up In the process, we should try our best to accumulate more orders, because according to my estimation, this wave of market prices should not end in the short term. After all, the demand for copper in the current market is very strong, even on the fundamentals, it supports us. Except In addition to dealing with the bears, we also need to beware of other bulls' rebellion, but I believe that you are all experts and will not be deceived by other forces, right!"

The traders of Sumitomo Corporation who were present laughed, yes, in terms of cunning, they are not necessarily the most cunning in this market, but in terms of strength, they are definitely the strongest in this market. The advantage is enough to make a single opponent collapse, not to mention there is a Hamanaka Tainan who has a strong influence on the market trend!

  …

"Zhong Sheng, the direction of the copper market has changed. Are we going to do something?" Just as Zhong Shi returned to his apartment, the phone rang non-stop. Andrew, if you don't have anything special to do recently, don't look for him. Now it seems that there must be a major change in London.

   "What kind of change?" Zhong Shi pressed the hands-free button, then turned on the computer, and then sat down on the seat with a cup of steaming coffee, ready to stretch comfortably.

There was a pause on the other end of the phone, and then Andrew's voice rang immediately: "Zhong Sheng, are you finally back?" He kept calling Chicago for more than ten minutes, but the answering machine was always working, just Now the market conditions are changing rapidly, and he can't make up his mind, so he can only dial the number over and over again.

   "I have something to say!" Zhong Shi interrupted his nonsense angrily, and asked concisely.

Andrew here gave a wry smile, and said quickly: "The opening of today's Copper 3 is the closing price of the previous trading day. The position of $1990 seems to continue to rise, and at the same time, the trading volume is rapidly enlarged, and the market has formed a strong bullish sentiment!"

   "Really?" Zhong Shi replied casually, while looking at the real-time data on the computer, he finally realized something was wrong, "Is this the right time to start it?" He thought secretly.

   "Andrew, how many of our June contracts have not been settled?" Zhong Shi thought for a while, and then asked Andrew.

  Andrew was obviously prepared for this question. When Zhong Shi asked, he said without hesitation: "At present, there are 320 open long contracts, and the average price is 1970 US dollars. It is already floating profit..."

  He was talking about the account of the Tianyu Fund. This account has always been operated by him, and it is naturally within the scope of his authority. For other funds, he strictly followed Zhongshi’s plan, and he has collected a large portion of cash copper, but these involve physical delivery, so there is no leverage. This part of the funds occupied is more than his option There is even more money.

"You continue to hold long orders, and open long orders at the same time. Remember, you must steadily increase the price of copper, and you must not become the main force in the market, otherwise you will not know if you are sold by others!" Zhong Shiruo Said thoughtfully.

  Although the current rally is fierce, who knows if this is a strategy by the bulls? The bulls rapidly raised the copper price in a short period of time, caught the attention of other forces in the market while being caught off guard, and took the opportunity to reduce their positions. This is a commonly used trick in the futures market.

  What Zhong Shi didn't know was that the two big men in this market had decided to raise the price of copper at the same time, and they had already accumulated a large number of long positions before that, and they would definitely not allow the price of copper to fall.

"Okay!" Andrew replied, and then Zhong Shi heard him shouting on the phone: "Quickly trade according to each person's authority, change hands every time the price rises by three, and reserve one hand for the scale of 100 lots as positions, and sell the rest immediately."

Zhong Shi, who heard Andrew's order, shook his head slightly. He has to say that Andrew's strategy is a little conservative, but he must maintain awe of the market at all times. This is a mentality that people who do futures should maintain. In this regard, Andrew Undoubtedly well done.

Here he has connected to Brian's phone, "Mr. Zhong, what is your commission?" As soon as the call was connected, Brian's slightly hoarse voice rang, and Zhong Shi was taken aback when he heard it. Without thinking about it, he asked casually, "Brian, what's wrong with you?"

   "The market fluctuated violently, and my phone was about to explode!" Brian lamented and said helplessly.

  While speaking, Zhong Shi heard a burst of exclamation from the other end of the phone, and someone inside shouted loudly: "It's over 2000, my God!"

  Zhong Shi hurriedly put his head in front of the computer, and found that the current quotation of copper 3 has exceeded the mark of 2,000 US dollars per ton. What is even more surprising is that the price is still rising.

   "Open 1,000 more lots, entrust the market price, the main month, now!" Zhong Shi no longer has the mood to comfort Brian, and after quickly placing the trading order, he is staring at the real-time data on the computer.

  Brian on the other end of the phone didn't say much, and after receiving the entrustment, he quickly made calls to match them up. At this time, time is money, and he knows it better than anyone else.

Not long after the copper price broke through 2000, the short sellers suddenly rushed over. At the price of 2000 US dollars, they were beaten by the sudden bulls, and they could not organize any offensive at all. At this time, they finally breathed a sigh of relief. At this time, just as the main force of the bulls has just broken through the integer point and the position has not yet stood firm, it will launch a counterattack.

Having said that, when the two main bulls in the United States and London were simultaneously exerting their strength in the market, they quickly wiped out the low-priced short orders in the market, and the price jumped by 20 dollars in an instant. This is not over, and the price continues to rise .

This mobilized all the emotions in the market. Followers who usually cruise outside the direction of the main force immediately understood that the main force had made a big move. Although they did not understand what the main force was thinking and what price it would raise to, these could not stop them. Quickly open long positions, and the greatest skill of these people is to close when they are good. After earning tens of dollars per hand, they wait until the position of 2,000 US dollars to start closing their previous positions.

As a result, there is some pressure on the bulls who pulled up, and at the same time, the shorts took the opportunity to exert their strength, and the market showed a see-saw state for a while, and some small customers who thought they were smart even opened new short positions at the position of 2,000 US dollars. . In their view, the price of copper has not fluctuated too much recently, and it is really rare to be able to fluctuate so much today, and now is the time to go short. It’s just that these empty orders that had not been accumulated for a long time happened to meet Zhong Shi’s newly opened long orders, and they were eaten up in a short time. It took only five minutes, and these empty orders could no longer play a role in suppressing them. Copper prices hovered at $2,000 for a while before rising again.

   "Open another 1,000 lots!" Seeing the real-time data uploaded from the computer here, Zhong Shi was so determined that he couldn't help dialing Brian's phone again and sending out the transaction order again.

  …

"Huh? What's going on here?" On the American side, Druckenmiller scratched his head, a little confused as to how the $2,000 level was broken through. He asked each trader loudly, but the information they received It is because their positions have not increased much, which means that the upside of $2,000 is not their role.

  The same situation also happened in London. After all, the orders of the long and short sides are not a small number of integer points. It's just that they don't know that these short opponents were just taken by Zhong Shi and those dissatisfied followers during their blank period.

   Thank you very much book friend Coconut Shell for voting for the first two monthly tickets of this month! At the same time, I would also like to thank Magic Dragon Warrior and I Love Xiaojia for their rewards! Thank you for your support~

  (end of this chapter)