legendary trader

Chapter 159 5 8 Financial markets have no borders
Chaofan Investment suddenly joined the ranks of rushing to raise funds, which surprised Ye Qinghua, the risk control team leader of Jinxin Company who has been following their transactions, thinking that Mr. Qi just called to ask about Chaofan Investment's actions. The situation that hadn't traded much suddenly changed drastically, and she began to frantically sweep the goods. She hesitated for a moment, but picked up her mobile phone and dialed Qi Qinghua's number.

Right now, Qi Qinghua was about to go back to sleep when the phone rang, and he picked up the phone without seeing who was calling, so he asked, "I'm Qi Qinghua, who is it?"

Xiaoye's voice came from the phone: "Mr. Qi, just now the market started to rebound immediately after falling below 1500 points, and Chaofan Investment has already started to sweep up the goods."

After listening to Xiaoye's report, Qi Qinghua froze for a moment before saying: "I see, call me immediately if there is any new situation."

After saying that, he hung up the phone and got up to go to the study. There is no way to sleep tonight.

Qi Qinghua dialed Mr. Li's phone while walking, and the phone connected after two rings. Qi Qinghua quickly asked, "Old Li, Xiao Yang, have they entered the venue?"

Mr. Li heard Qi Qinghua's meaning, and was a little surprised by her sudden change in attitude, and hurriedly replied: "I'm still watching the market, and it just started to rebound after a wave of decline."

Qi Qinghua immediately answered and said: "Enter the market immediately. I remember that there were still about 1 million of the quota last time that I didn't buy. I will use all of them tonight. If the upward trend is confirmed, I will now authorize you to continue to add another [-] million to them." The investment quota, I will go back to the office in the morning to make up for the formalities."

Mr. Li hastily agreed.

After hanging up the phone, Mr. Li said to Xiao Yang: "Go to the market immediately to scan the goods, and the quota is all used up. If you confirm the rising trend, continue to increase the position. Mr. Qi gave you a 1 million quota that can be used at any time."

"Received." Xiao Yang immediately agreed, and then said to several other traders: "Sweep the goods according to the second set of plans, and use up the quota."

Time flies, and the Nasdaq index was pulled back to around 1540 in a few minutes, and the total time from falling to being pulled back was only about ten minutes. A standard "V" shape appeared on the trend chart, showing that just now It's just a bear trap.

A large number of bulls who have been washed away have not had time to cover their positions. The Nasdaq index only consolidated at 1540 for 2 minutes before launching an upward attack again. The index shot up to 1590 in one breath before making a slight correction, but the magnitude of the correction It's not big. It stopped the decline around 1570 points, and began to build a slow upward channel, approaching today's high again.

At this moment, in the small trading room of Chaofan Investment, Chen Fan had asked Zheng Xiaopang and others to stop scanning the goods, but the trading robot did not close, but just adjusted back to the original parameters and continued to accumulate money.

"That's about it. The stock investment has exceeded 5 million, and the current market value is 5.42 million." Chen Fan looked at the transaction data and said to others, and then began to buy the September Nasdaq contract.

Seeing that Chen Fan was still trading there, Zhang Ping asked, "Why don't you use a robot to trade, how convenient it is."

Chen Fan didn't look at Zhang Ping, but just replied, "I just entered the September contract, and I'm a bit uncertain about the market. I buy by myself, and I can learn more about the market by the way."

As the Nasdaq once again approached 1590 points, the price of the September contract was gradually raised above 9 points, and Chen Fan could only bite the price and buy all the way up.

The Nasdaq easily broke through the previous high point and continued to touch the integer mark of 1600 points. All parties in the market are now observing whether the shorts will counterattack at the integer mark.

Because after breaking through 1600 points, the short position is basically determined to be locked up. At that time, whether it is the futures market or the stock market, there will inevitably be more flips, and the short position must cover the position at a low price. An upward momentum is formed on the market.

Unless the bears have enough bargaining chips in their hands to smash the market and smash the stock market again, it will be possible to turn defeat into victory when it is completed on the final settlement day.

But at present, no one in the market believes that the bears still have the power to fight, and even many institutions including short alliances have begun to cover their positions quietly to reduce losses.

With the rise of the index, the differentiation within the short sellers is also intensifying, which is why there are almost no actions by the short sellers today.

The hearts of the people are not in harmony, and the team is not easy to lead.

When the 1600 point was easily broken by the bulls, there was a wave of rapid surge in the market, which was obviously caused by some short-sellers eager to cover their positions.

However, the short-selling institutions are clearly organized. The index only reached around 1610 points before stopping its upward movement, and then slowly fell back.

In this way, the Nasdaq index has been oscillating above 1600 points. It was not until the close that it launched a wave of slightly higher market prices. Finally, the Nasdaq index closed at 1611.01 points.

Chen Fan's heavily held June Nasdaq futures contract closed at 6 points, and the September contract price closed at 1635 points.

The market has already closed, and the four-person fight has no intention of leaving, and is still reviewing today's market.

Zhang Yang suddenly asked Chen Fan: "Xiao Fan, have you noticed that the Nasdaq market has fluctuated violently recently, but neither the Dow Jones nor the S&P has been affected. The correlation of the three major indexes is much worse than that of the previous two weeks. What happened?"

Chen Fan shook his head and said, "I don't know. I guess the market has seen through it. This short seller is here to short technology stocks, and other stocks are not short, so the linkage has decreased."

"The futures will be delivered in two weeks. Where do you think the bulls will drive the market?" Zhang Yang continued to ask.

Chen Fan lowered his head and thought about it before saying: "I think the probability of 7 or above is high, and it may be smaller when it goes up. I estimate that the loss of each order of the short seller may exceed 100 points, and I probably fainted in the toilet. "

Zheng Xiaopang laughed and said: "Only when the main force of the market stabilizes the stock market, it will be in an invincible position. No matter how arrogant the short sellers are, it will be useless even if the contract is smashed down. As long as the positions are not liquidated, the long positions will be profitable. "

Chen Fan said with a chuckle: "The stocks that were sold out suddenly by the sky, I guess they were acquired urgently at high prices, and were placed twice by the main market forces. The loss this time is estimated to be very huge."

Zheng Xiaopang stopped laughing and said, "It should be planned by several big consortiums in the United States. I don't know who the short sellers are?"

Chen Fan shook his head and said, "Short sellers estimate that apart from some local institutions in the United States, there may also be a lot of participants in overseas markets. I don't know if there are any people in Huaguo, hehehe."

"The financial market is like this. There is no national boundary, only winning or losing. Who cares whether you are your own or an enemy. As long as you operate in the opposite direction of ours, you are an opponent, and if you operate in the same direction as ours, you are a friend." Zheng Xiaopang continued.

(End of this chapter)