I just want to enjoy life

Chapter 754 Chapter 761
He is called "Mr. Nine Percent" in the market, which means that his trading volume has reached 10% of the entire market trading volume, which means that the number of hands traded every day is at least [-] hands!

In fact, most of his funds have been squeezed into the previously accumulated positions. Although the fundamentals of copper futures are a huge benefit, it is precisely because Chiba's account is liquidated in the market that the entire April copper futures Prices are flagging.

Now he is preparing to take advantage of this opportunity to start from a low position and start to increase the price of copper futures.After several months of building positions, the funds in his hands have now reached billions of dollars, which is enough to support copper prices for a period of time in the future.Even if he encounters selling, he is not afraid, because he has prepared hundreds of thousands of tons of copper for delivery.

Therefore, when he heard that there are many bulls making trouble in the market, his first reaction was not to let this force ruin his plan, but then he thought about it, let’s see what the funds want to do first, and then It's never too late to decide what to do next.If this stock of funds is going long blindly, then he doesn't mind shorting backhand, first suppress this force, and wait until he leaves the market before implementing his plan.

The traders of Chiba Trading Co., who were carefully observing the market conditions, did not find any signs of such funds appearing in the market, because shortly after the buy order was released, the main force of the short sellers began to force themselves, and one after another, the sell orders were thrown out. The bulls who took over Lin Haocang's hand-changing order were defeated, and the price of copper futures quickly reversed and fell to US$5924 per ton.

At this time, the decline began to slow down. On the one hand, some accounts in the short camp closed as soon as they were good, and began to close out the previously established short orders in the market; The main force appeared, and chose to cut the meat and leave the market when they couldn't bear the loss. This part of the turnover position and the short position closing order together stopped the decline.

The more important reason is that the main short sellers have accumulated a large number of positions, and at this time there is no extra funds to attack. Although they have accumulated a lot of floating profits in their accounts, under the special system of 1me, this part of the floating profits Profit is just a number on the books, and it is just a cloud until it is all flattened.

Although the price of copper futures was reluctantly lowered by another two levels, the market has keenly sensed that the main short sellers are unable to go down, and they have started to go long, especially the former short sellers who have just made short profits. The main bulls who did not show up also started to show their strength, and the two forces started to force at the position of 5921 US dollars almost at the same time, and the enclave pulled up the price of copper futures.

"Short 1 lots!."

"Short 2 lots"

"Short 3 lots! Speed!"

……

In various brokerage companies, entrusted calls came one after another, and almost all of them were buy orders during this time period, which surprised the brokers. Fortunately, they had already received instructions on the short position closing price, so So they matched without haste.

The price of copper futures quickly rose to the position of 5940 US dollars, which is said to be an integer point. The short sellers should set up defense here, at least to consume some of the long funds. However, in fact, the short sellers did not place many limit orders here. Easily let the bulls break through this line of defense.

The bulls who broke through the integer point became even more imposing, and rushed to 5945 points in one go. At this time, the number of orders sold gradually increased. The brokers knew in their hearts that this was the short sellers ready to counterattack, but it would take more time. Wait for a while, because the current main force of the bulls is clearing the previous positions while driving up the copper price, because only in this way can the profit be kept.

The game of the market is the game of people’s hearts, and there are countless possibilities, but they don’t know that when the main bulls are planning to follow suit and short positions, these short positions and follow suits are also calculating the main force of bulls. Counting another part of the bulls.

"Clear all the current positions, hurry up and entrust the market price!" Just after the price of copper futures rose to 5945 US dollars, Anthony shouted loudly.

A small part of the funds in his hands was used to establish the July contract, and the rest was invested in the June main contract. Since Lin Haocang let him operate, he naturally operated with confidence and boldly.Before, he misjudged the situation and lost a lot of money all at once, which made him extremely unwilling. This wave of rise happened to earn back all the original losses.

Anthony, who was already a little overwhelmed by fright, naturally accepted it as soon as it was good, and quickly ordered his traders to close all long orders, without any intention of continuing to increase the price of copper.Hearing his order, the traders of Sky Capital began to call their brokers one after another, wanting to clear all positions as quickly as possible.

A 5-hand long position closing order appeared in the market, which immediately caused a commotion. Followers could not help guessing that this was the main force of the bulls preparing to flee. To their surprise, the real main force of the long positions was set at 5945 and 5944 dollars. A total of 10 lots of limit orders were placed, and Anthony's long order was easily taken.

The price of copper futures only stayed at the position of 5944 US dollars for less than 1 minute, and then jumped to the position of 5945 US dollars again. Such a move made the follower see the determination of the main force to go long. After all, greed prevailed and hesitated a little After that, the followers who were still on the sidelines followed up again.

What they don't know is that the main bulls who are actively pushing up copper prices have quietly reduced their positions in the process of pulling up. Short main battle.

As for the main short sellers, because they were short sellers at high positions before, except for sporadic short sellers who choose the opportunity to open positions at high positions, the others are waiting and watching.The so-called opponent market of the bulls is nothing but the exchange of positions held by the previous shorts and other bulls.

Soon, the bulls raised the price to $5949, approaching the integer point of $5950, but they will soon find that there are not many opponents who can open in the market now, and the long positions that change hands are only They are profitable, and even the strategy they have been formulating to sell positions while pulling up is not working.

The short sellers took action at this time, taking advantage of the opportunity that the bulls had not yet reacted, they opened empty orders wantonly, and instantly wiped out the buy orders at the price of 5949 US dollars, followed by 5947 US dollars, which kept suppressing the price of copper futures At $5940, this price has approached the position where they opened their positions for the first time.

"Buy 10 lots!" At this time, Anthony commanded his traders to enter the market again. After making up the loss, he chose the opportunity to enter the market again.

It’s just that Anthony’s bottom-hunting behavior was still a step behind. Before he and his trading team made a move, the sell orders in the market had been matched by the limit orders set by the bulls in advance, and the copper price was firmly stopped at $5940. superior.

"It seems that there are many bulls underpinning it!" Anthony said with a sigh.He then waved his hand to tell the traders to stop making phone calls, staring at the K-line chart on the computer screen, silently lit a cigarette, and thought hard amidst the smoke.

The current situation is that the bulls are attacking violently, and as a result, they are repelled by the short sellers who evaded earlier when they hit the highest level in the day. Because the number of hands of the main bulls is too large, they have not been able to change their hands in time from the follow-up buying orders, resulting in The current capital situation is not enough to support the continued upward attack, and it will not be able to get rid of the situation for a while. The short sellers have spotted this opportunity and suppressed the copper price unscrupulously.

In the previous wave of contact wars, the positions of the main short sellers were not exhausted, and they even endured losses when the market reversed, while gradually closing their short positions in the market. The reason for the skyrocketing.

The offense and defense of the two sides is to compete on a spring. If the long and short sides are evenly matched, the market will swing from side to side and eventually maintain a relative balance. However, if one side suddenly increases its strength, the other may not be able to resist.There are extremely many factors that affect the strength of both parties. In addition to fundamental factors, there is also a daily comparison of forces entering and leaving the market.

At this time, the forces on both sides of the market are in a situation of ebb and flow, and the main short sellers have cleared their positions during the rise.With slightly shrunken profits and margins, they violently attacked the bulls. The main bulls could not mobilize the newly opened funds for a while due to position problems, so they could only watch the current copper futures price fall. What they can expect now is, The main short sellers will press down to a certain price and accumulate huge positions, making the funds in their accounts insufficient to leverage the market. At this time, the bulls may launch another wave of counterattacks, and finally the two sides will reach a balance at a certain price.

What's worse is that the foolish followers in the market immediately throw away their long positions as soon as they see the market reverse.Instead, start to follow the trend and short.This is also the most annoying place for the main long and short positions.Following the trend is purely to make profits in the market, and has no ability or willingness to control the trend of the entire market.

Although a large order of 10 lots can change the market trend in a short period of time, following the trend can offset this effect, especially when the market reverses significantly.These follow suits have the advantage of flexible positions.You can turn your head and reverse in the first time.

If there is no support from another long position at $5940.I am afraid that the price of copper futures has already dropped to the range of 5930 US dollars. At that time, the profit-making follow-up market may increase their positions again, making the bulls have to watch the price of copper futures fall further.

"The momentum of this bull is not very good!" Anthony observed for a while.Come to a conclusion.While he was talking to himself, the price of copper futures has dropped to 5939 US dollars, and according to the preliminary judgment of the disk, the current price will still fall.

However, during the period when the price stayed at $5940, some follow-up shorts have begun to close their positions. The follow-up market can't figure out where the psychological expectations of the main long-short players are. Their best strategy is to close when they see a good deal.This relieved the pressure on the bulls of the pallet to some extent.

The main bulls obviously also expected this situation to happen. After the copper futures price was slightly supported, they immediately increased their pressure on the price, causing the copper futures price to fall further.

"Should we make a move?" Just as Anthony's face was changing, a trader put forward his opinion. Anthony raised his head and looked at the traders who had been waiting for orders, their faces were full of eager expressions.Anthony thought about it, and finally shook his head, much to the disappointment of the traders.

Anthony really wants to ask Lin Haocang's opinion now, but Lin Haocang is in a farm in Scotland, so he can only give up this idea.If he were to face this situation by himself, although he could still make decisions, he would have lost 10 million US dollars in an instant after opening a position of 5 lots, which made him feel a little frightened at this time.

Therefore, he decided to stand still and continue to observe the trend of the market, and at the same time continue to buy those expiring contracts at the end of April and early May that are approaching the delivery period.

……

In the United States, it was already late at night, but the trading room of the Williams Fund was very lively. The traders operating the London copper market still did not rest. People communicate.

"Mr. Williams, are you raising the price of copper futures now?" The quoter in charge of the communication between traders and managers pushed in and asked Williams who was frowning and thinking at his desk.

At this time, there are several monitors placed in front of Williams's desk, timely displaying data on electronic disks, copper prices in several markets on and off the market. Brokers in London are discussing the latest market situation.

"Has the main force appeared?" Williams raised his head, his red eyes were bloodshot.During this period of time, he was under tremendous pressure, especially the bet on the yen failed. After the net worth was announced in March, several clients had expressed their intention to withdraw their funds. It was Soros who came forward to save them.

This time he targeted the London copper market, on the one hand out of performance needs.On the other hand, it is also necessary to make a large sum of money in the shortest possible time to improve the latest net worth, so as to attract more investors.

Due to the rapid growth of economic data in the first quarter of the United States, they realized that the demand for non-ferrous metals will increase significantly in the coming period.Originally, economic growth was a huge benefit to the U.S. stock market, but the Federal Reserve dampened the enthusiasm of the stock market, making the market full of uncertainty, so they focused their investment on the non-ferrous metal market.

It was only after entering this market that they realized that the mechanism and driving factors of the entire market were not as simple as they imagined, especially after the release of economic data in the United States, the data of the copper futures market did not improve much.After many inquiries.Only then did they realize that the water in the copper futures market was extremely turbid, and among them were characters like Yokono Yamashima who blatantly manipulated the market.

The newly arrived Williams Fund accumulated a large number of positions in the three-month contracts in May, June and July, which made their capital turnover difficult for a while.Although the Williams Fund now has tens of billions of dollars in funds, it is impossible to mobilize all of these funds to the mature copper market.As the saying goes, investments should be diversified to share risks.They have positions in the currency market, the bond market, the stock market, and stock indexes.The funds allocated to the non-ferrous metal market are only more than one billion US dollars.

At this time, the main force he was talking about was Yamashima Yokono. They were the funds that raised the copper futures earlier. The $5940 pallet entrustment was also a safety measure they took to prevent the copper futures price from falling suddenly.It's just that now that this line of defense has been penetrated, they must react.

"At present, there is no sign that there are other main bulls entering the market. It seems that we are the only main bulls in the market." The quoter paused, and then stated the conclusions drawn by the traders.

"Then let's not enter the arena and continue to wait. I don't believe that they will not enter the arena." Williams said firmly.During this period of time, through information from brokers, he has learned that several brokerage companies commonly used by Chiba Trading Company have gradually cleared their positions, and the time to increase copper futures is coming soon.

Williams dared to let the price of copper futures fall because he had already accumulated a large number of positions at a low level. Even if copper futures fell today, they did not exceed the average level of their opening positions. That's why he dared to blatantly watch the price of copper futures fall.

……

(End of this chapter)