legendary trader

Chapter 170 No Investment Goal

Just as a few people were chatting and laughing casually, the transaction on Wednesday came to an end.

The market traded very flat throughout the day, fluctuating up and down around 1730-1740 for most of the day, and the main force of the market still just slightly pushed the market up before the close, hitting today's intraday high of 1 , After 758.14 points, it closed at the second highest point of 1 points, up 757.19 points throughout the day, and the overall increase was less than 32%.

The other two major indexes only rose slightly, while the June contract in the futures market rose little, closing at 6 points, and the September contract was suppressed by the integer mark of 1775 points, closing at 9 points.

After the market closed, Zheng Xiaopang said with some unsatisfactory thoughts: "I said Xiaofan, the stock market won't just consolidate like this in the next few days, will it close at the end of the day? When will we be able to make a profit and close the position?"

Chen Fan also said helplessly, "I'm not the banker, so I don't count."

Zheng Xiaopang smacked his lips and said, "Why don't we leave the U.S. stock market first, anyway, that's it. We still have an investment quota, so let's short gold. Do you think the gold market has a chance to rebound?"

Chen Fan understood what Zheng Xiaopang meant, and Brother Pang still wanted to go short.

Chen Fan was silent for a while, and then said to Zheng Xiaopang: "Gold does have room to fall, but to be honest, I haven't looked at the price of gold now, and it is estimated to be around 300 yuan per ounce."

Zheng Xiaopang interjected: "It is now 305.8 yuan. Last week, it fell below 300 yuan and then rebounded slightly."

Chen Fan nodded and continued: "I estimate that there is not much room for gold to fall in the future. It is estimated that there will be a decline of 1% to 2% at most, and the market transactions are not active now, and it is not easy to enter and exit. Don't look at everyone who is now bearish, but I always feel that although gold is useless, its value is still there. Don’t believe what some people say that the golden age has passed. Thousands of years ago, the East and the West chose precious metals such as gold and silver as currencies. I think it must be Somehow."

Zheng Xiaopang blinked and asked, "You think gold is bullish?"

It seemed a little overjoyed, but seeing that Chen Fan didn't answer, he said to himself: "I also have some gold in my house, but there are only a few dozen catties in the cabinets, not as much as the gold bumps you bought. .”

Seeing Chen Fan looking over, Zheng Xiaopang continued: "Actually, I want to suppress it harder, and I also want to collect some spot gold, like the ancient landlords and local tyrants, dig a hole at home and hide a ton or two of gold."

Chen Fan asked curiously, "You also like gold?"

"Nonsense, there were gold bars in my toys when I was a child." Zheng Xiaopang said with a chuckle, "I never thought that, I used gold bars as building blocks to play with."

After hearing Zheng Xiaopang's words, not only Chen Fan, Zhang Yang and Zhang Ping also looked at Zheng Xiaopang with their mouths wide open.

After being quiet for a while, Chen Fan laughed and said, "Little Fatty, it seems that you are just a fake short seller."

Zheng Xiaopang laughed and said: "Others like to play with antique jade wares, I don't like those, a few cabinets of gold are more comfortable, town house."

"Then you still suggest me to buy stones? You don't like that stuff yourself." Chen Fan looked at Zheng Xiaopang strangely.

Zheng Xiaopang shook his head and said: "A lot of people I know like that thing. To be honest, I want gold and jade. Those things are easy to carry. It's not good to store all the gold. You can't put eggs in one basket." .My dividend money is useless except to buy a few sports cars, just waiting to copy gold bottoms and buy some antique jade objects."

Zhang Ping interjected, "You can't drive a car, so give me a discount on the sports car."

Zhang Yang patted Zhang Ping on the shoulder and said, "Let's line up later, I've already signed up with Fat Brother."

Zheng Xiaopang curled his lips and said, "Then you just wait."

After finishing speaking, he asked Chen Fan again: "What did you say earlier?"

Chen Fan thought about it and said: "I'll see if there are any opportunities in other markets. I don't think there is much room for shorting gold, so I'm really not interested. After the stock market rises to 1, we will switch to watch the market. There is no need All come here, just keep the phone open."

Zheng Xiaopang laughed and said, "I guess I'm worried about my daughter-in-law at home, and I want to go back and watch over her."

Several people talked and laughed, got up and walked out, and went back to rest.

In the afternoon, Chen Fan kept switching the prices of various markets in the office.

Chen Fan has always been paying attention to the domestic stock market. It should be said that the stock market in the first half of this year has come to an end. Looking at the market, we know that it is the time when the dealers in the market start to ship, and it is estimated that a large adjustment will soon be launched.

Chen Fan has no plans to enter the domestic stock market. He always feels that the domestic market not only has a single variety of transactions, but also a small trading volume.

So far, the domestic stock market has not developed such trading varieties as index futures.

However, because there is no major policy or news influence in the futures market, most of them are driven by market funds, which fluctuate up and down, fluctuating up and down, and there is no clear trend market.Even for the trading products that operate in the long-term market, Chen Fan feels that the current price is close to the turning point, and the value of participation is not great.

As for the follow-up market of the U.S. stock market, which is currently the only trading target of Chaofan Investment, Chen Fan tends to think that there will be no more sharp rises and falls in the short term, but repeated fluctuations. Therefore, it is meaningless to continue to focus on the U.S. stock market. of.

Chen Fan is considering starting to properly close the position of the Nasdaq futures June contract in his hand next week, and just increase the position of the September contract by a small amount.

According to Chen Fan's guess, he is more willing to believe that the U.S. stock market will resume its upward trend next year. The second half of the year is estimated to be a tasteless market, and it is enough to guarantee the 5 million market value stock chips.

Is it really the only way to make quick money by shorting gold?
Chen Fan thought about what Zheng Xiaopang said this morning, if he concentrated on selling gold, would he really smash the gold to the bottom and drop to an unbelievable price?
From the market analysis report provided by Jinxin Company, Chen Fan already knew that although the Central Bank of England sold a large amount of gold, most of the gold did not enter the foreign market, but was taken away by some nobles and businessmen in Europa. As for the whereabouts, One can imagine.

If Chaofan Investment really concentrates big orders and smashes down the market, will people directly buy the bottom and make dumplings?
Looking at the gold price trend chart on the computer screen for more than a year, the K-line extends from the upper left corner of the screen to the lower right corner. There were two sharp dives in the middle, and most of the rest of the time it was a slow decline.

The short market for gold is obvious. Even if the price of such a trading product reverses, it can only be realized after repeated consolidation at the bottom, unless there is a major event, and it must have enough influence to reverse the market.

Chen Fan pondered for a while and still shook his head, he couldn't smash the gold, the risk was too great.

(End of this chapter)