The Son of Finance of the Great Age

  Chapter 173 Crazy promotion (2)

"It seems that there is more than one faction that has the same thoughts as us. In this case, our previous strategy may have to be slightly adjusted!" After asking about the situation, Druckenmiller stroked his smooth chin thoughtfully said.

  At this time, the copper price has risen to 2008 US dollars per ton, the largest one-day increase in the past two months, but driven by a steady stream of funds entering the market, the copper price is still rising one dollar after another.

  In this case, if it is an ordinary investor, it may be that the position absorbed at a low price will be sold to cash out. After all, it is the best strategy to settle down. But who is Druckenmiller, and how can he stop in a hurry when the situation is so good? He only thought for about half a minute before making up his mind: "Continue to push up the price of copper, and we must draw a long green line today!"

   Coincidentally, in London, the same domineering main force is doing the same thing, although he also realizes that there is another bull force in the market, no! Even two to three bulls.

After all, Binzhong Tainan has been immersed in this market for many years, and he has a general impression of the capital scale and operating methods of various forces. He has grown from the fighting market to where he is today, and he has extremely rich practical experience. He only needs about one or two One band can see the meaning behind it.

It's just that no matter how experienced he is, he can't see the specific strategies of other bulls. What he is talking about here is a strategy similar to "when to pull up, how much to pull up, and when to wash out the position through suction cups", etc., but He firmly believes that as long as it is what he wants to do in this market, even the LME cannot stop it.

  Lack of awe of Hamanaka Yasuo, the rest is just crazy!

For the unusual fluctuations in copper prices, anyone with a little common sense in investment can see that this may be a premeditated pull-up, and those who are not afraid of death are joining in in order to build up a little position. Take a share in the process.

The more experienced people open a long position in the spot main contract and at the same time open a small amount of short positions in the far-month contract for hedging. They know better than anyone that this kind of copper price rise even if it is supported by fundamentals , There is also a great risk, because the short side will not let the copper price rise rapidly.

   What's more, they choose to open short positions and bet against long positions. Although their courage is commendable, they obviously made a wrong bet this time, because the strategy of two or three bulls manipulating the market is not at this moment, nor is it a day or two. The main force is because they are crazier than anyone else and have the ability to determine the direction of the market.

  …

   "Copper prices continue to rise, should Zhong Sheng continue to open positions?" Brian asked over the phone after successfully establishing a position of 2,000 long contracts.

  Most of the 2,000-lot contracts were traded at the price of 2,000 US dollars. Roughly speaking, the margin exceeded 15 million US dollars. Brian was already thinking about whether to give this Mr. Zhong a discount on commission, or to provide higher leverage. In short, he should keep this big client no matter what.

   "What's the current real-time copper price?" Zhong Shi didn't answer Brian's question directly, but asked what he could see on the computer.

   "The price of copper has risen to $2010, but it has stayed there for a while. It seems that the bears are starting to fight back!" Brian was overjoyed, and couldn't help adding his own analysis. For brokers, this kind of behavior is very unprofessional. Although it is permissible to provide trading advice to customers, such inductive advice should bear certain responsibilities.

  As soon as Brian finished speaking, he immediately realized his dereliction of duty, so he could only say on the phone: "Of course, this is my personal opinion. Mr. Zhong doesn't need to pay too much attention to it."

Zhong Shi smiled slightly, naturally he didn't take his words too seriously. You must know that these brokers and analysts are all virtuous. If they say up today and down tomorrow, the purpose behind it is to let you trade more, and they naturally have a lot of commissions available. As for responsibility, professionalism, etc., let them go to hell, because only God can predict 100% tomorrow or the next moment!

   "Open another 3,000 more orders, the strategy is the same as before, I want to see what the bulls are doing!" Zhong Shi thought for a while, and then issued a trading order. Open another 3,000 lots, and entrust the long position at the market price, the total number of positions will reach 5,000 lots, which is already a very large position. Every dollar's decline means Zhongshi's capital loss will be 125,000 US dollars, but if it rises It means that Zhongshi's funds have made so much money.

  Before Brian on the phone agreed, Zhong Shi added another sentence: "After 3,000 new positions are established, today's operation will come to an end."

   "Uh..." Brian just felt like a thunderbolt, he was shocked beyond measure, 5000 contracts for long-term, in this kind of treacherous futures market?

   It is important to know that there is no price limit on the copper futures market, and there is no limit on the number of positions held. In other words, as long as the price is right, any position can be cleared within a day. At present, the number of daily positions in the copper 3 market is about hundreds of thousands of hands, and the daily market turnover ranges from tens of thousands to hundreds of thousands of hands. That is to say, small-scale positions are enough to be liquidated on the same day.

Although overnight positions are long-term, they require sufficient funds to support them. This is not only reflected in market price fluctuations, but also on the basis that the exchange may increase initial and maintenance margins at all times, which requires a considerable amount of funds. amount of support.

After these thoughts flashed through Brian's mind, he realized that this client was also a big trader, and he was focused on the bullish market outlook. together.

To put it bluntly, this is purely Brian's illusion, because Zhongshi has never shown any desire to do long-term, except that he raised the price of copper some time ago, and emptied all his positions soon after he made a profit. Ryan thought he was doing short-term funds.

  After the 3000-lot order entered the market, it quickly detonated the market sentiment again. Although the number of entrusted lots and other conditions cannot be seen, both parties to the transaction clearly feel that the transaction speed is accelerating, and under such circumstances, the copper price has risen rapidly. In less than ten minutes, it has risen to the price of 2030 US dollars.

   It stands to reason that this instant order is the most conspicuous and vulnerable to attack. Because when the price of copper increases rapidly in one direction, on the one hand, it attracts the attention of short sellers, and on the other hand, small follow-ups will desperately **** long-term orders and short-level orders in the market. When the speed starts to slow down, the follower will clear his position in the first time, and then cooperate with the short backhand to short, and maximize his profit between one round and one round.

But this day they are destined to be disappointed. When Zhongshi’s order quickly raised the copper price, the US and London were overjoyed, but they just watched the copper price rise one after another, and did not make a move at all. plan.

The original plan in the United States was to activate the market by quickly raising the price of copper, and then release part of its low-priced positions within a certain period of time to get real money. After pocketing, raise the copper price again, and repeat this cycle, and finally exchange all the low-priced chips that you have absorbed, and then clear all the positions that you have absorbed at this time at an acceptable price on a certain trading day or time period.

This process may take a period of time, even half a year or even longer, during which the copper price may fluctuate several times, but they are not afraid, because their positions at low positions are enough to maintain their average price at a very low level .

   This is the practice of crossing the river!

But local snakes are different. They are aiming at the short positions executed on the third Wednesday of this month, because once these short positions enter the market, they will be greeted by high-priced opponents, which means that as soon as they enter the market, It is a huge loss.

  Although the strategies of the two parties are different, the ultimate goal is the same, which is to increase the price of copper crazily!

As their opponents, the hedging shorts even hope that this situation will appear, because the current copper price is obviously undervalued, and the rise in copper prices will only bring huge profits to them in selling spot copper, and at this point in the futures market As long as the loss is stopped in time, the risk can be controlled within an acceptable range. Therefore, although the loss is gradually increasing, they still continue to throw out their opponents.

  The biggest losers are those purely short funds. They must continue to open short positions to reverse the copper price market, otherwise they will be greeted with continuous losses.

  Especially in today's situation where the market is soaring, they have no choice but to compete with this rising force to open short funds at high positions!

But now the best strategy they have done is to allow the price of copper to rise further, because the stronger the rise, the stronger the rebound, and the greater the room for them to make a profit. Therefore, Zhongshi's 3000 lot buying The opening of the bill raised the price of copper by more than 10 points in just ten minutes, which is their credit.

  This is why Brian was shocked to hear that Zhongshi held these long orders and did not continue to operate.

  The 3,000-lot buy order is indeed nothing, but under the influence of various factors, the transaction was successfully completed in the end. Of course, over-exchange is the main factor in these transactions. Although there are many open positions, it is still much less than the number of over-exchange lots!

  When the copper price rose to $2032 and the upward trend began to slow down, the bears took it for granted that the bulls’ capital offensive was insufficient, and they began to launch a fierce downward attack, hoping to suppress the upward momentum in a short time!

   Thank you Dragon War Ghost for your reward again!

  (end of this chapter)