legendary trader

Chapter 194
The following operation instructions have been told to the two traders. Chen Fan got up and walked to the window sill, gently opened half of the window, and stood by the window to smoke like this. Zhang Yang also got up and walked to the window.

Seeing Zhang Yang approaching, Chen Fan smiled and said, "Don't tell me you just sat there smoking like that last week, you are not afraid of the staff kicking you out."

Zhang Yang said with a sneer: "I didn't pay attention to this, hehe, I got used to it when I traded there."

Chen Fan shook his head and said, "It was so pure when we first entered the school. Fatty and I didn't smoke, and Zhang Ping only smoked once in a while, and now I'm all polluted by you."

Of course Zhang Yang didn't want to take the blame, and said dissatisfiedly: "You don't smoke and I don't force you to smoke, besides, you are going to smoke now. Didn't you notice that since you started trading, you have been unconsciously looking for cigarettes Smoked."

"When I'm nervous, I want to smoke a cigarette to calm my nerves, hehe" Chen Fan laughed.

Zhang Yang pretended to be surprised and said: "You will also be nervous, don't be so modest, you were not calm and calm that time."

"It's just pretending, market conditions, whoever can guarantee that they won't make mistakes." Chen Fan took a few breaths before continuing: "The market is there. In fact, the so-called analysis is just the direction you want in your subconscious mind. If you look at the K-line chart, you will feel that it is a rising graph, and vice versa."

"Hey, then what investment do you do, you can buy lottery tickets directly. You see how lucky you are, it would be too wasteful not to play lottery tickets." Zhang Yang said casually.

"The probability of the lottery is too high. Stocks and futures are at least somewhat regular, especially the price and cheapness can be roughly analyzed. The pure luck of the lottery is a little bit worse." Chen Fan scratched his head, "It's far away, haha "

In the early hours of the morning, the gold market fell below 270 yuan, and two traders began to close small orders. Chen Fan just watched from the side, thinking that the two men trained by Ma Yunbo were very strict in their work, and they still looked like that. meeting.

The only unexpected thing is that after the price of gold fell below 270 points, the rate of decline seemed to accelerate, and it no longer fell along the short-term downward channel. This will obviously be below the lower track of the channel, showing an accelerated decline.

Before the 1-lot liquidation order was issued, the price of gold quickly fell below 268 yuan, and it continued to drop rapidly.

Chen Fan sat up straight and stared at the handicap transaction data. It was obvious that short positions would be very large, and long positions had almost disappeared. It was only from time to time that short positions were issued, which slightly eased the market decline.

Chen Fan didn't know whether the short position liquidation order he saw was issued by them, but it was obvious that the long positions in the market seemed to have disappeared.

"Bulls don't die, but shorts don't stop." Chen Fan murmured.

After the price of gold fell below 267 yuan, Chen Fan shouted to the two traders: "Speed ​​up the closing speed, the order will increase, and I will close 2 lots at the fastest speed."

Subsequently, the price of gold showed obvious signs of stopping below 267 yuan, fluctuating back and forth from 266.6 to 266.8 yuan.

Chen Fan observed for a while and confirmed that the bulls did not have much energy, and the temporary support was just the liquidation order issued by him, then he shook his head and said: "Slow down the speed of liquidation and let the price of gold fall slowly. .”

While talking, he switched the computer screen to the trading background, and after seeing the data, he continued: "Now close more than 1 lots, and continue to close the position. The goal is to close 7 lots around 265."

Zhang Yang was awakened by Chen Fan's continuous shouts, sat up straight and looked at the computer screen in front of him, "Finally it's broken, I'm going to wash my face."

Then he got up and walked outside.

As the price of gold got rid of the previous sideways and continued to fall slowly, the short position opening orders gradually began to increase, and the closing transactions of Chaofan Investment also increased rapidly.

When Zhang Yang came back, more than 2 empty gold positions had been closed, reaching 2.2 lots, and the price of gold also fell to 265.7 yuan.

When Chen Fan was looking at the transaction details, Zhang Yang shouted in surprise before he sat down, "Are you going to dive?"

"It's possible that the order will be sold very aggressively, and the order will be very large." A trader replied.

During the direct exchange, the price of gold quickly dropped to around 265.5 yuan, and Chen Fan looked sideways at the ostentatious computer screen next to him.

265.5265.4265.3
Like a kite with a broken string, the price of gold keeps hitting new lows under the selling pressure of huge empty orders. Now every point it falls is a new low.

Soon, without the slightest resistance, the 265 point fell below, and the price of gold continued to plummet.

"Continue after 3 lots are closed, don't stop, and close another 2 lots." Chen Fan issued another instruction.

"Should we wait for the market to stop falling before intensifying efforts to close positions? Now the dive is very strong." A trader said hesitantly.

Chen Fan shook his head and refused: "The closing speed is the fastest now, and half of the position must be sold out. When it really wants to stop the decline, it may not be so smooth to ship out."

Chen Fan didn't know how long the gold price would be consolidating at the bottom, and whether there was a chance to complete the closing and opening of positions at the bottom.

But he knew that since it was going to rise, there was no need to care about the small profits in front of him, as long as he could catch the big ones, so he continued to order liquidation without hesitation.

This round of diving, the gold price plummeted directly to 262 yuan before it stopped falling slightly. Sporadic long orders began to appear on the market, which pushed the gold price out of a small rebound, but the upper pressure was too great. Signs of fatigue.

Looking at the transaction data, Chen Fan found that 4.72 short positions of Chaofan Investment had been closed, and there were still more than 5 short positions left in his hand. Seeing that the price of gold still lacked momentum, he asked Zhang Yang next to him. Said: "How much do you think it will fall in the future?"

Zhang Yang shook his head and said: "It's hard to say, 260 should not be able to resist, let's see if there will be longs entering the market after breaking through 260. I haven't seen many long orders for a while, but I have seen many short orders liquidated. "

"The bottom is not far away, the bears are starting to diverge, and they seem to be very strong." Chen Fan said with a smile.

"Looking at the current handicap, it's right to close the position by a large margin. I'm afraid that there will be repetitions at the bottom." Zhang Yang nodded in agreement with Chen Fan's thinking, "Break 260 and it's all flat?"

Chen Fan smiled and nodded: "It's all flat, let's go out and check the wind direction first, and then we will do the other side later."

When the gold price was pushed down again by 263 yuan, everyone thought that the market would choose to continue to fall to a new low, but the gold price unexpectedly gained the support of long orders again and began to rebound again.

The rebound of gold price this time is stronger than the last wave, breaking through 263 yuan and continuing to attack 264 yuan.

"I won't make a bottom here, let me wipe it." Zhang Yang will be a little nervous, mainly due to the bulls' buying orders appearing on the market, and the orders to open positions will start to push up the price of gold one after another, so Zhang Yang can't help being nervous.

Zhang Yang was stunned by the rebound of gold, and turned to Chen Fan, "What do you say? Running away or something?"

The two traders will also turn their heads to look this way, waiting for further instructions, whether to quickly close their positions and leave the market.

Chen Fan closed his eyes and thought for a while, then opened his eyes and saw that the price of gold had broken through 264 yuan, and he was about to attack 265 yuan.

"It's just started to have a lot of people entering the market. It's unlikely to be pulled like this. Regardless of it, I won't close the position for the time being. Let's wait and see."

Chen Fan looked at the background data, there was only more than 5 empty gold orders invested by Chaofan, and half of the position had been liquidated. He felt that there was no need to rush to escape.

The gold price continued to rebound and was approaching 265 yuan. In the end, there was still a huge amount of empty orders in the market again, and the gold price was smashed down again.

Chen Fan could see that the strength of the bulls is really not strong now, so he said to Zhang Yang: "I guess that's it. I guess it will consolidate above 260 and then break down. I'll go to sleep and call me if I have something to do."

"Yes." Zhang Yang agreed and continued to watch the market.

Chen Fan got up and patted the backs of the two traders, said a few words of encouragement, and walked out of the trading room to his office.

With the recent continuous decline in gold prices, many short-selling institutions and traders have benefited from it. Many participants will not only continue to hold huge short orders, but are even considering withdrawing investment from other markets Increase your position in gold.

And many institutions and traders who are short-lived are also very concerned about the changes in the price of gold. They hold huge positions in their hands, but they dare not act rashly. This is undoubtedly a very uncomfortable torment.

When the gold price began to rebound under the bulls' attempts, many off-market funds began to move their minds, but some planned to follow these long orders to establish their own short positions, and some were considering whether the current price still needs to continue to short.

Perhaps the difference between institutional participants and individual traders is here. At this time, individual traders mostly seek investment directions through the communication of the media and small circles, while institutional traders search for news all over the world and look for allies to operate together.

Generally speaking, most of the new funds chose to short gold. Compared with the strong short atmosphere inside and outside the market, no one wants to be an enemy of the market.

When Chen Fan woke up and looked at the latest analysis report in his hand, he was not very surprised. This Wednesday, the Central Bank of England will auction gold again. This is the last batch of gold they sold, a total of 20 tons of gold.

The mainstream view in the market is that the auction price of gold will determine the direction of gold's rise and fall in the future.

If the gold auction price continues to be lower than the market price, then the gold market will undoubtedly continue to slump, because the gold auction price will undoubtedly open up the space for gold to fall again.

Calculating the time, Chen Fan found that it would be less than two days. The gold auction results will be announced around 10:[-] pm on Wednesday night in the imperial capital. I believe that the time for gold to change is very likely to be at that time.

Walking out of the office, he went to the crude oil trading room and looked at the trading data for a while. The price of crude oil fluctuated around 12.58 meters per barrel. After asking the trader in charge, Chen Fan walked to the gold trading room next door. In the trading room.

Zhang Yang should be resting at this meeting, and Ma Yunbo is not here. After asking the trader, he found out that Ma Yunbo had just left for a while, and he should be watching the market in the big trading room at this time.

Chen Fan didn't care about that, and went straight to the computer that was watching the market last night, and started the computer to check the gold market.

Somewhat unexpectedly, the price of gold actually fell below 260 yuan, but it was quickly pulled up after a short break. Currently, the price of gold is still around 260.8 yuan, which happened about two hours ago.

Chen Fan had always guessed that the price of gold would fall below 260 in the afternoon, but he did not expect it to fall shortly after the market opened in the morning. Switching to the background, he saw that the short position in gold had not decreased, knowing that the time for the price of gold to fall below 260 meters was too short for traders to have time When the position is closed, it is pulled up.

"Are there many long positions opened today?" Chen Fan asked the two traders while flipping through the transaction data of the market.

"There are a little more open positions today than yesterday, and they are more scattered, and it is difficult to judge the source." A trader immediately replied.

Chen Fan looked at the time and it was past ten o'clock. It stands to reason that Zheng Xiaopang should have come back long ago. With Zheng Xiaopang's temperament, the investment here should be the most important thing in his heart.

After looking at the board for a while, Ma Yunbo walked in, greeted him and sat beside Chen Fan.

"What's going on over there?" Chen Fan asked.

After thinking about it, Ma Yunbo said: "The recent purchase of Bodao shares is a bit too much, and now it has risen to 5 yuan and 8 yuan."

"How many chips have we collected now?" Chen Fan asked with a frown.

Ma Yunbo shook his head and said: "There are 57 lots. In the past, we were relatively restrained, and the price was not raised too high. Now I think about it and regret it."

"The newly entered funds are robbed very fiercely?" Chen Fan asked in surprise.

It stands to reason that it shouldn't be. The stock institutions that build positions at the bottom generally choose to stabilize the price and not snap up.

"The turbulence is very intense. Those funds are slammed and smashed in a small space, and they are repeatedly oscillated and washed." Ma Yunbo briefly explained the market transaction situation to Chen Fan, so that Chen Fan had a general understanding of the recent trend of Bodao shares.

Chen Fan knew that Bodao shares had gradually come out of the bottom, and there was a case of starting the market. After all, his abilities were not given for nothing, and he had discovered that earlier.

However, although they have been paying attention to the shares of Bodao recently, most of them just look at them simply from the brightness, not caring about the intraday trend of the stock price. On the whole, the steady rise of the shares of Bodao has not deviated from Chen Fan's prediction.

Two weeks ago in the imperial capital, after getting a definite answer, Chen Fan gave Ma Yunbo an order to gather money with all his strength.

But I didn't expect that there would be funds entering the market halfway to grab funds. There were already southern funds and Chaofan investment. When Chen Fan turned his attention to the United States, a third force had already entered the market. Unexpectedly Now the situation is more complicated. According to Ma Yunbo's judgment, there are probably no less than five or six funds in the market.

"I heard from Xiaopang that several institutions have contacted us and want to take away the shares of Bo Island shares in our hands?" Chen Fan remembered the news he received in the Imperial Capital a few days ago, when he and Zheng Xiaopang were still there haha Laughing, I want to know more specific information when I think of it.

"Two companies came from Shencheng, and one from Imperial City. They wanted to pay a [-]% premium to take away our bargaining chips, but Mr. Zhang refused on the spot, but they didn't give up. It seems that they didn't come again after two visits." Ma Yunbo While laughing, he introduced what he knew to Chen Fan in detail.

(End of this chapter)