legendary trader

Chapter 119

Amidst the laughter of several people, the stock market opened as scheduled at 9:[-] in the evening.

Today's stock market opening is obviously attracting attention, but global investors are not paying attention to opening higher or lower, but are speculating on when the U.S. government will introduce substantial benefits to stimulate the stock market if the stock market continues to fall, so everyone is watching. Waiting.

Obviously, although the bulls had obviously resisted desperately at the end of yesterday, they still dived in the end of the day. Affected by this, no one believes that the market alone can turn the situation around. Therefore, in the eyes of most people, the market opened higher There's really no difference between lower and lower.

When the opening point of the index is shown, no one is surprised, and it continues to go lower after opening lower, which is the consensus of most people.

Zheng Xiaopang looked at the board and said, "Stock God, the money we earned yesterday is gone, and now we are starting to lose money."

Chen Fan just smiled when he heard Zheng Xiaopang's angry words, shook his head and didn't speak, and continued to watch the tape.

After the Nasdaq opened at 1496 points, it quickly fell to 1480 points before stabilizing, while the corresponding index futures also quickly reached 1470 points as the index fell.

But Chen Fan didn't wait until this time. After the market opened, Chen Fan arranged for Zheng Xiaopang, Zhang Yang and Zhang Ping to start buying stocks.

Zheng Xiaopang and Zhang Yang are each in charge of buying four stocks, while Zhang Ping is only in charge of two stocks, and he fully operates the futures index by himself.

Looking at the gradually enlarged trading volume, Chen Fan asked: "You can increase the buy order appropriately, and now we are building a position, there is nothing to be afraid of."

Zhang Ping still couldn't help asking: "Is there really no problem?"

Chen Fan said: "No problem, it will definitely go up."

In fact, Chen Fan also knew in his heart that he didn't know when the stock market would turn around, but it didn't matter, it wouldn't be too long, so the answer was very firm, not only for Zhang Ping and others, but also for himself.

The bulls in today's market are obviously more active than yesterday. They kept buying after the opening of the market, trying to withstand the selling pressure of the shorts. Although the market is still falling, because of the resistance of the bulls, the market's decline seems to be hesitant, no longer As in the previous two days, the bears could easily take control of the market.

Most of the institutions that have been trapped in it know that if they continue to be suppressed by the short sellers, they will probably follow the steps of those old predecessors. Since they have not reached that step, of course they can only fight back with all their strength.

In a trading room of Jinxin Building, seven or eight traders were sitting in their seats, staring nervously at the computer screen to check the market changes. Mr. Li, the boss of the investment department, and Mr. Zhang, the head of the trading department, were sitting beside Qi Qinghua. Next to them, the three of them stared at the quotations displayed on several large-screen TVs opposite.

At this time, the mobile phone rang, and Qi Qinghua took out the mobile phone to look at it. It was a short message: "Buying."

It was the investment trend of Chaofan Investment sent by the head of the risk control team. Qi Qinghua didn't want too many people to pay attention to this small group now, so he just asked the head of the risk control team to use short messages to tell himself whether to go long or not. It is enough to go short, and it is best for these veteran traders to figure out how to operate.

Qi Qinghua put away his mobile phone and said, "Let's go long and use up the remaining 3 million quota first."

Mr. Li said to the trading team leader closest to him: "Execute, operate according to the agreed plan."

Traders in front of the computers began to act, issuing various orders to enter the market and buy.

Although the three major indexes in the United States kept dropping, they still did not fall below the short-term lows formed by the downward rush at the opening under the desperate maintenance of the bulls, and they were still tenaciously defending the last position of the bulls.

Although the market has entered a stalemate, the trading volume has not shrunk in the slightest, and even gradually enlarged as more and more funds entered.

Obviously, such a market change is extremely unfavorable to short sellers, because most of the short-selling chips in the hands of short sellers are borrowed stocks, which are limited in quantity, and cannot be short-sold unlimitedly with margin like futures.

In order to prevent people from maliciously shorting the market, many countries even limit the number of short-selling accounts, or impose various restrictions on short-selling orders overnight.

In short, most markets do not welcome the presence of short-selling funds, and they are only willing to cooperate with long-term investment funds.

Obviously, the current market conditions have made the short sellers feel uneasy. The short sellers generally use surprise attacks to quickly defeat the resistance of the bulls when manipulating the market. But now the stock market has obviously begun to fall into a stalemate. But the index did not drop at all, and the feeling of panic was involuntarily growing.

The main short sellers are obviously also aware of the unfavorable changes in the market, so they immediately shifted the main short sellers from the stock market to the futures market, hoping that by defeating the main bulls in the index futures, the stock market will continue to fall.

Chen Fan obviously felt that the futures index, especially the Nasdaq futures empty orders, rose rapidly. At this point, Chen Fan no longer cared about other things. He just set an investment quota of 5 million yuan to alarm, that is, as long as the investment amount exceeds 5 million yuan , the computer will automatically give him a prompt.

Unlike the stock market, the futures market is subject to many restrictions and can be liquidated.

Although stocks can also be liquidated, but that liquidation is slightly different from futures, because Chen Fan uses 5 times leverage, and the stock falls by two points means that a margin call is required. Chen Fan does not want to fall before dawn, so he chose 5 million Guaranteed.

The remaining investment quota can only be used after the direction is clear, otherwise it may be really dangerous.

After many days of trading, Chen Fan also gradually let go of his past fear of this and that, and no longer worried about being discovered by others. In addition, today's trading is really active, Chen Fan mostly places three-digit orders according to his own rhythm.

Maybe it's because the continuous decline has indeed accumulated enough rebound strength, maybe some of the short sellers are starting to fight back, maybe more institutional funds have been assembled, maybe it's
Although bears still have the upper hand in the market, the balance has indeed begun to reverse, and more funds entering the market have chosen the long camp. Although up to now, there is still no clear rescue policy from the US government.

In just ten minutes, Chen Fan had placed more than 6 lots of buying orders in the market, costing nearly [-] million yuan.

As for the stock market, Zheng Xiaopang and the other three bought stocks with a market value of nearly 6 million yuan, and their total holdings have exceeded 1 million yuan, reaching an astonishing 1.3 million yuan.

Chen Fan refused to admit defeat and increased his long orders again. Now he is far away from the 5 million alarm line, so don't be compared.

The trading volume of Nasdaq futures increased again as the short sellers increased their pressure. Chen Fan began to put up four-digit long orders from time to time, tenaciously defending 1470 points. He was still muttering in his heart, this will not be the last madness of the short sellers, Zhenji fierce.

(End of this chapter)