The Son of Finance of the Great Age

  Chapter 198 The third positive line (1)

  Copper futures closed at $2,900, an increase of $40 from the previous trading day. The upward momentum has been exhausted. At the same time, several moving averages are putting pressure on the upside, and the trading volume has also shrunk compared to the previous trading day. Therefore, from a technical perspective, this round of upswing has already appeared weak, and it is reasonable for analysts to analyze the market in the next few trading days.

   "Our position, profit, etc., Ann Pete, please tell me first." When the transaction ended, all the people in Tianyu Fund were in the conference room, making a brief analysis and summary of the market of the day.

"Today we closed 8,000 contracts, with an average price of $2,885. The average price of this part of the bottom position we closed was $2,575, and we made a total of $62 million. There are 25,000 contracts left, and it is estimated that we will need one more It will take a week to level it all out." Although Ampite's voice was flat, everyone present could hear the excitement in his tone.

   "One week..." Zhong Shi frowned involuntarily, he had automatically ignored the content of how much money he had made, and focused on how long it would take to completely close the position. "Can you hurry up and get all the profits in your bag as soon as possible?"

An Pete showed a look of embarrassment on his face, and said hesitatingly: "Zhong Sheng, if our liquidation is too obvious, the short side will definitely chase after us, and our profit will decrease by then. And other When the bulls see us closing positions on a large scale, they will definitely follow suit. If the confidence of the long side is shaken, we..."

  Although he didn't continue, everyone understood what he meant.

"It's **** liquidation again!" Zhong Shi muttered a few words dissatisfiedly. He understood all the reasons that An Pete said, but under the current situation, he also believed that the price of copper futures would fall, so he needed to sell all The profits turned into real money.

   More importantly, he also premeditated a big event in December, so he needs to return the funds as soon as possible, so that he can invest with the maximum amount at that time.

   "But the current situation is to consider the intentions of other bulls, let's see the market's reaction first!" Zhong Shi comforted in his heart, gave a few hasty instructions, and announced the adjournment of the meeting.

  …

As for the Carl Fund, although Carl ordered everyone to try their best to close their positions as soon as the market opened on this day, there are obviously many people who have the same thoughts as him. The order prices entrusted by these people are higher than those of the Carl Fund. Therefore, it has more advantages in terms of transactions. By the time they reacted, the price of copper futures had broken through to $2,880.

In terms of cash, another $2.7 million was refilled, because the sudden upward momentum made the position of the Carl Fund break through the lower limit of the maintenance margin. After consulting the opinion of the Carl Fund, the brokerage company reinvested $2.76 million. Stay above the maintenance margin of $2,880. But they have no extra cash, and the only way left is to close their positions.

In this way, Jerry and his colleagues worked hard to close some positions, and the money just closed positions would immediately fill up the open losses, and then continue to close positions at high positions, and then fill up the losses... If it is not for the rise in the price of copper futures After reaching $2,900, it starts to fall back, so all the funds of the Carl Fund will be filled in it.

In the end, when the market closed on this day, the people in Carl Fund understood a cruel reality, that is, the futures market is indeed very risky. After paying the futures company 10 million US dollars in principal and one week's interest, all Only $3 million of capital remained.

  Almost all traders started to pack their bags and prepare to leave. It is to leave the UK and prepare to look for the next job, rather than simply leave work. The loss has reached this point, which is close to 70% of the loss. This is an extremely terrible loss in any market. Even if Carl Fund makes certain profits in other markets, it cannot make up for this loss.

"Jerry, are you leaving too?" Carl stared blankly at the numbers on the screen, turning a blind eye to the busy traders packing their bags. When Jerry, who was sitting next to him, stood up and was about to leave , he came back to his senses, a little helpless and wanted to stop this subordinate.

Jerry shook his head with a wry smile, moved his lips and wanted to say something, but the words stayed on his lips for a long time and still didn't come out. In the end, Jerry shrugged helplessly and gave Carl a smile that was uglier than crying. , and then disappeared into the trading hall.

  Looking at the leaving figures one by one, Carl suddenly felt a deep helplessness, suddenly lost all his strength, and collapsed on the seat powerlessly.

  …

  Sumitomo Corporation, when the current copper price was finally fixed at $2,900, the trading room was filled with jubilation. Almost all copper futures traders were clapping and celebrating, which attracted the envy of the traders in the next room.

Usually, such an extremely excited scene in a trading room is nothing more than two situations. It will be the latter, so other non-ferrous metals traders are envious.

   "Hamanaka-san, what should we do next?" Despite being happy, only a few people remained calm, including Kenjiro Oshima and Yasuo Ryusuke. This was exactly what Kenjiro Oshima asked.

Hamanaka Yasuo played with the signature pen in his hand and did not speak for a long time, until Kenjiro Oshima and Yasuo Ryusuke were about to lose patience, he said slowly: "If the prediction is correct, I believe that in the next few days Within a trading day, some speculative long positions will be liquidated on a large scale."

   "Then are we..." Oshima Kenjiro heard the string, and immediately followed the meaning of Hamanaka Yasuo, but he still had some sense of propriety and didn't say the following words all at once.

   A contemptuous expression flashed across the face of Ryusuke Yasuo, who was bowing his head respectfully and listening, but he lowered his head, and no one saw his expression.

  Compared to Kenjiro Oshima, who is dedicated to flattering, Yasuo Ryusuke is confident that he understands the psychology of the boss Yasuo Hamamaka better. According to his observations in the past few years, he found that this boss is simply a bold character. Apart from losing money, there is nothing this boss is afraid to do. In the past few years, the means they have used in the copper futures market are beyond count, and many of them are obviously illegal means. Sumitomo Corporation was warned, but judging from the subsequent reaction, the boss did not take the exchange's warning seriously.

   At present, it is hard to catch a chance to become bigger. Yasuo Ryusuke believes that this boss will never give up, so he is not in a hurry to answer, and deliberately gave Kenjiro Oshima, an old opponent, a chance to perform.

   "Ryu Jie-san, what do you think?" Hamanaka Yasuo did not comment on Oshima Kenjiro's words, but instead asked Ryujie Yasuo who was silent at the side.

Ryusuke Yasuo pretended to think for a while, and finally said slowly: "The short-term decline is not terrible. The terrible thing is that we will also close the position. When the time comes to cause a panicked decline in the market, the loss outweighs the gain. And the short side is not afraid. There must be some intention to close the position, let’s wait and see what happens!”

Kenjiro Oshima's complexion changed. Although he had expected that his old opponent would give him some eye drops, he never expected that Yasuo Ryusuke would dare to sing against him. angered him. Oshima Kenjiro immediately became furious, almost gnashing his teeth and said: "Bage, Ryujie-san, you are trying to put the company in a disadvantageous position..."

To Oshima Kenjiro's surprise, Ryusuke Yasuo did not refute as before, but gave him a subtle and weird smile insidiously, then straightened his face again, pretending to be extremely innocent .

   Kenjiro Oshima was taken aback for a moment, subconsciously stopped scolding, and then turned his head to look at Hamanaka Yasuo in disbelief, only to find that the immediate boss' face was full of fear, so gloomy that it was about to drip water.

   Too bad, this was the first reaction that came to Oshima Kenjiro's mind, and then he quickly thought about what his immediate boss meant, why didn't he realize it? Thinking of this, he suddenly felt that he didn't fully grasp Binzhong Tainan's thoughts, and the cold sweat on his forehead immediately gushed out.

  The upset and irritable Hamanaka Yasuo didn't notice the small movements of these two subordinates, waved his hand impatiently, and sent them away. He has always had a grand plan to manipulate the copper futures market in his mind, but he has been unable to make up his mind, and it is inconvenient to say this plan, so when the two most powerful men under his command quarrel, he appears extra irritable.

  Sumitomo Corporation's trading plan has not been finalized, and Kenjiro Oshima and Yasuo Ryusuke, who are responsible for the implementation, can only wait and see.

  …On Friday, November 18, the price of copper futures opened at $2,899, a slight drop of one dollar from the closing price. The bull side tentatively attacked the 2899 position, and the trading volume showed a slight increase. However, the price of copper futures has been hovering around 2900 US dollars. It also began to decline gradually.

  By noon, the price of copper futures had dropped to $2,880, and the trading volume was flat. Although the bulls intend to close their positions, due to the lack of ability to follow suit and the fact that some bears do not intend to stop losses at this price, analysts judge that the market will continue to fall in the afternoon market.

   ps: Now the Russian central bank is selling dollars to support the ruble. It is almost the only dollar seller in the market. It is said that it sold 10 billion dollars today. The real financial events, everyone can pay attention! Finally, thank you for the monthly pass that made me think about it and the reward for drifting south to north in 1981!

  (end of this chapter)