The Son of Finance of the Great Age

  Chapter 758 The Death of Small Fund (5)

  Williams himself was confused, and naturally he could not convince others. In the end, the next strategy KS&JR chose was to increase their positions.

   And their choice was not wrong. On February 1st, the market really reversed.

  As soon as the market opened on this day, it may be that the failure of the bears became more and more obvious, or it may be that the bulls received more financial support.

  The price of gold fell to $1,078 shortly after the market opened, but this was the lowest point of the day.

The bearish fox's fake tiger's prestige was quickly seen through by the market, because as the price of gold fell, more and more buy orders gathered below, while the sell orders gradually decreased. , Soon the market became one-sided.

  The bulls are starting to exert their strength.

  From the moment the short sellers stopped, the bulls finally determined that the other side was at the end of their battles, and thousands of pay orders broke out at once, directly sounding the clarion call for a counterattack. This time, the sentiment of the market was ignited again. Following the trend began to tentatively enter the market, but soon they found that this time the bulls were very confident, not only helping them to support the bottom, but also taking the initiative to rush to the forefront.

  This reassures the follower.

   On the other side, although the bears also organized a certain line of defense, they could only retreat steadily under the fierce attack of the opponent. Later, seeing that the situation was wrong, I even gave up all positions below $1,100.

   At this moment, the market suddenly understood that the short position is really coming to an end!

  Positions 1080, 1085, 1090, 1095, etc., were recovered as quickly as the wind and clouds, which was unbelievably fast. At these positions, the bears put up little serious resistance, allowing the bulls to recover their lost ground with ease.

   Finally came to the $1100 mark.

  Everyone knows that near $1100, this short came out of thin air, which shows that this price is very important for the short. The behavior of the bears giving up the previous price shows their determination to stick to 1100.

   Maybe this is the lifeline for the bears!

  Back here, the bears have already set up a line of defense of up to 5,000 hands in the five gears above 1100, trying to prevent the bulls from continuing to advance in this way, and at least scare away some followers.

  But the bulls turned a blind eye to this, and rushed in with a follower plate, without even the slightest hesitation. When they were in full swing, they didn't care about the tricks of the short sellers at all, without stopping or probing, they directly entered the stage of fighting with thousands of troops.

  Hundreds of pending orders were thrown out, then disappeared quickly, and then cycled again and again. The fight between the two sides seemed endless, and the competition for the 1100 position also attracted the attention of the entire market.

"us…"

Faced with such a fight, Jack Mullen, who had been paying attention to the battle situation, was a little moved, but he didn't have the right to make more operations, so he shouted to Collen Smithen beside him, "Do you want to Increase leverage?"

  The previous surge allowed KS&JR not only to smooth out the floating losses of the previous few trading days, but also to make them a profit of about 3 million US dollars. Although their positions have been maintained at a safe level so far, many people, including Jack Mullen, have begun to feel shaken by the current wave of market conditions.

  It is not enough to increase the position, but also to use leverage!

   "Call the broker first and get them ready!"

  Faced with such a market situation, Collen Stilson remained calm enough, "It won't be too late for us to make a decision after the two sides decide the outcome."

   "It will be too late then!"

  Jack Mullen shook his head secretly, muttering in his heart, but didn't say it out of his mouth. He is well aware of his boss' cautious character, but he is also very clear that the reason why KS&JR can survive in the turbulent gold market for a long time is not unrelated to his boss' style.

   While talking, the market gradually decided the winner.

  The bears were defeated after all. Although they were not completely defeated, they still chose to retreat. After nearly an hour of fighting with the bulls, they had to give up the position of 1100 dollars and shift to the position of 1105.

  The price of gold returned to $1100 again, this news greatly encouraged the confidence of the bulls.

  Although it has risen by as much as 22 US dollars, it is clear that this figure does not satisfy most of the long-term people in the market. Now they are led by the bulls and are attacking towards the high level again.

   Half an hour later, the 1105 line of defense built by the bears fell again.

  From the lowest 1078 to the current 1105, it has risen by as much as 27 US dollars. That is to say, a long position with one hand made a net profit of 2,700 US dollars in this case, and 100 lots made a profit of as much as 270,000 US dollars.

   This number has satisfied many followers.

Sure enough, in the process of continuing to attack, when the price of gold reached 1108, that is, when the profit of gold per lot reached 3,000 US dollars, a large number of liquidations appeared in the follow-up market without warning, and the momentum of the bulls' upward attack suddenly became one. lag.

  A few days ago, the main force of the bulls sacrificed to follow the trend. The scene at that time is still vivid. Even in the whole process, there were only 10 singles at most among them, and they made a full $30,000. Although so far, the upward momentum of the bulls is still very strong, but who knows what will happen next?

  Follow the trend and start to betray!

Naturally, it might be too much to say betrayal. After all, there is no clear contractual relationship between the two parties, and in the past two days, the main bulls have abandoned the trend, so it is impossible to say who is right and who is wrong on this point, but one thing is certain. The closing of the market obviously disrupted the plan of the main bulls.

In order to maintain the momentum of the attack, they have to bite the bullet and accept the liquidation order of the follow-up market. Although the number of hands in a single follow-up market is not many, the reason why the follow-up market can become a major factor affecting the market lies in their participation. There are many people. And the main bulls take over the liquidation order of the follow-up order, which also means that they take over the order at a high level, giving them part of the profit, and consuming part of the funds.

  As the liquidation order was closed, more and more followers came in and joined the ranks of liquidation. This can be seen as a way for them to close when they see a good situation, and it can also be regarded as a test for the main bulls. Naturally, the main bulls are well aware of this, so they simply gave up continuing to attack, and instead took over the balance of following the trend with all their strength. warehouse.

   Seeing this situation, bears will naturally not miss such an opportunity.

  The bears who had built a line of defense at the 1110 position saw that the bulls were killing each other, immediately withdrew the pending orders there immediately, and then launched a fierce counterattack against the bulls at the 1108 position. This kind of opportunity is simply a god-sent opportunity. At the moment, they quickly followed the trend of closing positions, forming a huge impact on the bulls.

But to their disappointment, the bulls seem to have been prepared for this. Under the attack of the two forces, not only did they not lose their position, but they also forcibly resisted the counterattack of the two forces, and always maintained the price of gold at 1105. above the position. Despite some concessions, the bulls still showed their strength.

   "That's the way it is today!"

Jack Mullen sighed and said rather helplessly, "Basically, it is not easy to hold on to 1105. I believe that the bulls will not attack again. Today they have to use this method to win the credit of following the trend, for the future They are preparing for the heightening, and they are paying off their debts for their previous actions!"

   "So tomorrow's trend?"

At some point, Colum Smithen quietly walked up to Jack Mullen and asked in a low voice, "Today's operation is really not good. But there is always a chance to make amends, isn't it?" ?"

  He was very frustrated. According to the current position of KS&JR, if he increased the leverage from the lowest position today, he could earn a profit of more than 5 million US dollars. But because of his caution, he missed such an opportunity to bounce back.

   "If my analysis is correct, tomorrow with the help of the follow-up market, the bulls will continue to attack, and the price of gold will still rise!"

Jack Mullen said confidently, "The short sellers have broken through the bottom line today, and if they lose money, they will inevitably launch a crazy counterattack. On the other hand, on the bull side, today they won the support of following the trend, like a tiger with wings added, and tomorrow they will inevitably A large-scale fight broke out again. As long as the winner is decided, the future trend can basically be determined!"

   "Boss, if you believe me, you can increase the leverage now, and I believe it will rise tomorrow!"

Jack Mullen bewitched, "Maybe there will be a little drop the day after tomorrow. Of course, this is most likely due to profit-taking. But tomorrow will definitely rise, because the situation of encirclement and suppression has already formed, basically it is a situation of endless death !"

"real?"

  Collen Smithon thought about it, and felt that what Jack Mullen said was very reasonable. According to his experience, he came to the same conclusion as Jack Mullen, but sometimes it was like this, he couldn't overcome his own personality shortcomings, and sometimes when making major decisions, he needed other people's viewpoints to convince him.

"good!"

  The answer to him was Jack Mullen's decisive answer.

"it is good!"

   At this moment, Colum Smith made up his mind.

KS&JR took action quickly, because today's market is not over yet, under the broker's leverage, they added another 3,000 long positions, so that their total position reached 8,000 hands, and all of them are bullish, without even a little hedging.

And the trend of the market is indeed as Jack Mullen predicted. On February 2, the bulls and the bears once again broke out in a fierce struggle. With the full help of the trend, the bulls will almost fight back against the bear Successfully repelled. Not only was it repelled, but it also took the opportunity to attack a lot of prices. Gold prices rose again by $13.1, or 1.18%. In the two trading days, the price of gold has risen by 34.3 US dollars, an increase of 3.10%.

  Although it has not reached around 1135 when the shorts started to wreak havoc, for the longs, everything is moving in a good direction. All they have to do is to quietly watch how the bulls defeat the shorts.

  On February 3, some profit-making orders began to close their positions, which was determined by the nature of follow-up orders. They often only care about the immediate loss, and they can only pay attention to this little profit. Both the long and short main players need time to obtain more funds and at the same time clear part of their positions. In this case, the market was calm, with a loss of $6, or 0.54%, for the day.

  Of course, everyone knows that after several battles, the two sides must decide a complete victory. With the gradual rise in the price of gold, most people understand that the balance of victory and defeat has begun to tilt towards the bulls.

   "Zhong Sheng, how can we absorb more long positions?"

After three days of operation, Jiangshan has clearly felt that the entire market is no longer under control. Although the Tianyu Fund is still leading the market trend, various forces in the market have poured in. Among them, there are many A small number of hands means a large organization with thousands of hands. The gathering of these forces has been able to interfere with Tianyu Fund's intentions to a certain extent.

  Zhong Shi didn't answer him, but just looked at the phone silently, apparently thinking elsewhere.

  (end of this chapter)