legendary trader

Chapter 206 Chapter 205
Chen Fan heard the argument between Zheng Xiaopang and Zhang Yang, and felt that it was better to stop as soon as possible.

"Okay, don't argue anymore. For the sake of investment safety, let's start closing positions slowly at 310 and watch the market."

After watching the market for a while, Zheng Xiaopang suddenly said to Zhang Yang: "Look, it's all you, now the gold is not going up and it's still going down."

Seeing that the price of gold has dropped to 303 yuan, Zhang Yang said with a smile: "None of my business."

Chen Fan looked at the gold for a while, and felt that he needed to adjust it. Then he switched to crude oil and saw that the oil price was still fluctuating around 12.9 meters. When he switched back to the gold plate again, he was shocked. Yuan to 303.2 yuan fluctuated in a wide range, and the trading volume also tended to enlarge.

"Why is the shock so strong?" Police Chen Fan asked.

"Hehe, just now I was startled by a reverse twitch, I thought I was going to go up, but I was smashed down again soon." Zheng Xiaopang said cheerfully, "It seems that the plate is too ordinary, let's have some enthusiasm."

As we were talking, the gold price fell rapidly from 304.2 yuan again. Under the continuous blow of empty orders, it quickly fell below 304 yuan. There were not many buy orders below, and the short sellers easily dropped the gold price to 303.6 yuan. , And the decline continues, or try to continue to drive down the price.

However, the price of gold fell more and more, and there were more and more buy orders below, and it seemed that it was about to stop falling again. Zhang Yang laughed and said: "Look, today's gold is on sale, and the dealer is giving money like this."

"Let's place some orders too. Taking advantage of the dealer's washing up, we will go short on 304. If it falls to 303, it will be flat." Zheng Xiaopang watched the gold price fluctuate several times, and felt itchy.

Zhang Yang raised his eyebrows and said with a smile: "You know how long the dealer will be doing it, maybe you will be installed inside if you go in."

Zheng Xiaopang curled his lips and said, "That's such good luck, you'll be caught if you go in."

"It's best to forget it. How many hands can you go in and make? How much money can you make? At that time, it will really hang up, and you will be troubled." Zhang Yang said with a smile.

Zheng Xiaopang had a bitter face, and said unwillingly: "It's annoying not to seize the opportunity."

In less than half an hour, I made two waves back and forth.

"Why are they attracting hat snatchers?" Zhang Yang asked in confusion, and looked at Chen Fan while talking.

Chen Fan spread his hands and said, "I don't know, it's almost 9:[-], so go over and turn on the computer first."

Zhang Yang looked at the time, the US stock market was about to open, he nodded and got up and went out.

Chen Fan called out the trading system and said to Zheng Xiaopang: "You are also ready, today is a bit strange, I don't know what kind of wind is blowing in the market, be careful, if the wind direction is not right, we will withdraw."

"You mean you might be the leader today?" Zheng Xiaopang said with a face full of disbelief.

"The trading volume of this meeting is not large. Even if you want to be the leader, you should rush up and then go down to kill, right?"

Zheng Xiaopang said with a still skeptical attitude.

"I didn't say that I would be the leader here, but I think the market is very strange. If it starts to rise to 310 in a while, we must start to exit, or if it falls below 300, we will also leave."

Chen Fan just stared at the computer screen and answered Zheng Xiaopang, "Don't you think this trend is weird?"

"It's strange, so I think the institution is taking a short position. Maybe it intends to suddenly raise the price of gold after a few fluctuations. Maybe it wants to blow up the funds that have placed short orders at 304." Zheng Xiaopang said cautiously.

"If you attract enough funds, will you lose a lot of positions at 303?" Chen Fan asked.

"Then. Of course, you mean the bulls are starting to run away? Here." Zheng Xiaopang said uncertainly.

After hearing Zheng Xiaopang's words, Chen Fan just smiled and said, "I just think it's a little weird. I don't know what other people think, but we have to be ready and we can close our positions at any time. Don't sleep tonight unless Close the position."

"Then you guessed it right again. You said it was a short-term rebound. Regardless of whether it is a rush tonight or not, with such frequent exchanges between long and short positions, it is not clear whether institutions are exiting." It's like being smashed by the huge amount of selling orders, and I'm a little nervous.

"There's nothing to be nervous about." Chen Fan smiled seeing Zheng Xiaopang's appearance, "Our profit margin is sufficient, we can do whatever they want, and we won't have any problems."

As the price of gold fluctuates, institutions and traders around the world who are participating in market transactions are gradually attracted by the weird trend of gold. Many traders have already started light positions and tried to do short-term trading on gold to earn the price difference. .

With the increase of short-term funds entering the market, the trading volume of gold began to increase significantly.

Obviously, there are more and more funds entering the market to fight fools. For them, it is only a small amount of funds involved. Even if the market suddenly turns, their losses will not be large and are still within the controllable range.

But Chen Fan has noticed that these small orders have gradually accumulated into huge buy and sell orders, making profits from the ups and downs of the gold price, and Chen Fan, who has always been calm, also began to get nervous.

"Let's make some orders and go in. 310 places 5 lots to close the position, and places an order for every 2 yuan increase, until 330 yuan." Chen Fan whispered to Zheng Xiaopang.

But soon he overturned his own thoughts, and muttered to Zheng Xiaopang: "Is it a little little to hang 5 lots for each price?"

Zheng Xiaopang shook his head and said, "In this way, half of the position can be put out, which is not too small. In case the gold price changes direction and goes down, we still have orders to grab down."

Chen Fan nodded after thinking about it, and turned to place a pending order to the traders around him.

Soon more than 5 lots of gold liquidation orders were placed above 310 yuan, and Chen Fan still opened the trading interface, waiting for the final judgment of the market.

He has already set a liquidation order of 290 yuan and 2 lots in the trading system, ready to run away when the market suddenly changes.

Just when Chen Fan was very nervous, many traders in many institutional companies around the world were discussing the foolish market of gold. Everyone checked from time to time whether the long and short orders in their hands were in place and waited. Earn the difference of 1 meter in the price of gold jumping up and down.

In fact, they also know that such a market is very dangerous, and they may break through in a certain direction at any time, but for them, even a small position can bear a loss.

"Twice more and I'll leave."

Many people are thinking so.

On Chaofan Investment's side, Zheng Xiaopang was also discussing with Chen Fan.

"Tell me, how is the main fund of this gold planned? You won't keep sending money like this." Zheng Xiaopang gradually began to feel itchy again after getting nervous, "You said that when I mentioned it earlier, let's go in and do something List, this has been back and forth several times."

"I don't know how the main force calculated these orders this time, but they must have waited for a certain number of orders in a certain direction to start." Chen Fan shook his head and expressed his disapproval of Zheng Xiaopang's entry into the arena to play the game of licking blood.

"I know that I must be looking for opportunities to sell these funds, but how many times do people leave after making money?" Zheng Xiaopang said.

Chen Fan smiled and said, "When I agree with you and enter the market to participate in this stupid game, the market will definitely change."

"What do you mean?" Zheng Xiaopang asked without understanding what Chen Fan said.

"Didn't you see that many people in the online forum scolded the dealer? It's the same as when you speculated in stocks back then, hehehe" Chen Fan laughed.

Zheng Xiaopang blinked and said, "You mean to point your back, no matter how good the stock selection is, it's useless, if you enter the market, you will be trapped?"

"Who knows." Chen Fan shook his head and said.

"Wait, what is the leverage of London Gold?" Chen Fan who was shaking his head suddenly asked.

"The one I choose, can be 5 times to 100 times. Generally, I may choose 20 to 50 times." Zheng Xiaopang said indifferently.

"Do you think the price of gold will be overwhelmed?" Chen Fan said seriously to Zheng Xiaopang.

"What are you wearing?" Zheng Xiaopang sat up straight and asked, "You mean the price of gold will directly explode to 320 or 280 yuan?"

"That's all I'm going to say." Chen Fan said, "If the price of gold changes rapidly, will the brokerage firms of those investors fail to notify their clients in time to start forced liquidation?"

"Then how much does the price of gold have to rise for this to happen. It's impossible. How much money would it take to jump directly to 30 yuan?" Zheng Xiaopang still shook his head and said that this is an impossible situation.

With participating in the trading of crude oil and gold these days, Zheng Xiaopang has discovered that it is really dangerous to use hundreds of millions of funds to quickly smash the market in a certain direction. The impact is very short-lived, and a huge loss is likely.

"Now do you think gold is going up or down?" Chen Fan asked Zheng Xiaopang.

Zheng Xiaopang thought about it before saying: "I think it will continue to rebound."

"That's bullish. It seems that the probability of rushing to 320 or even 330 is very high." Chen Fan was talking, and the gold market finally changed.

When the gold price rose to 304.4 continuously, the gold price did not retreat immediately. It still loved to stay at 304.4 for a while, and then rushed to 304.5 yuan, and then quickly rushed to 304.6, and after 304.7, it jumped down again. 304.4 yuan, and then began to think that the 304-meter mark was approaching.

Seeing this, Chen Fan's heart skipped a beat. Looking at the newly refreshed transaction data, he became excited.

This time the gold price did not continue to fall after falling to 304 yuan, but suddenly rose under the watchful eyes of Chen Fan and others, and a huge space appeared above the trend line representing the gold transaction price on the computer screen. There is no way to judge where the latest gold price is.

When Chen Fan quickly moved his eyes to the transaction position on the right side of the screen, the price he saw was 325.00.

"Damn." "Damn.".
In the trading room, Chen Fan, Zheng Xiaopang, and the two traders around him shouted at the same time.

Just when Chen Fan came back to his senses and was about to speak out, the gold price trend line continued to rush upwards.

"Facing the 320 orders, each person places two orders, both of which are 5000 lots, hurry up."

Seeing the sudden change in the board, Chen Fan shouted without hesitation.

When he shouted, the price of gold had already rushed to 326 yuan.

Maybe it is because there are more orders to enter the market to close positions. After the gold price rushed to 326.6 yuan, there was a brief flash crash. The gold price fell to 324 yuan in an instant, and then rushed to 326 yuan again, starting a continuous rush. Off trend.

327m yuan, 328m yuan, 329m yuan
With the support of a large number of buying orders, the gold price quickly rose to 331 yuan, and then began to fall slightly. However, after falling to 329 yuan, a large number of continuous buying orders appeared, and the gold price was pushed to the top of 331 yuan again.

Chen Fan was dazzled by the constantly refreshed closing and opening orders in the transaction area, unable to judge whether there would be more closings or more openings.

As the price of gold surpassed 331 yuan, Chen Fan suddenly asked, "Little Fatty, how many empty orders do we have?"

"A little more than 5. Throw it away?" Zheng Xiaopang no longer considered whether to stay or not, but completely convinced Chen Fan's judgment. Even if the gold can't be the leader here, the golden top is probably not far away.

"Everything is flat, let's stop playing." Chen Fan said immediately, "Hahaha"

"I lost it, hehehe." Zheng Xiaopang also waved his arms happily.

Just when several people in the trading room were having fun, Zheng Xiaopang suddenly asked: "Do you want to go short?"

"Ah?" Chen Fan was stunned by Zheng Xiaopang's question, he thought about it and said: "If you want to be free, you can take less time, I don't care, it's too frighteningly exciting, I can't stand it, let me go slowly .”

"Tch, I'm scared to death after just one transaction, what kind of body." Zheng Xiaopang said.

Chen Fan called up the transaction data and saw that all the gold positions had been liquidated, so he nodded in satisfaction and said, "That's enough, this time it went smoothly. Take a break, there are many opportunities, and I don't care if I miss one." Twice. I really don't want to continue to operate gold now, this main force is too fucking dark."

"Gold is about to break through 335." Zheng Xiaopang didn't want to hear Chen Fan's emotion, and said a little excitedly, "Is this an opportunity to go short?"

Chen Fan looked at the computer screen, shook his head and said, "I don't think there is any height, and now I'm letting those foolish funds close their positions, and I think I'm going to jump off in a while."

After thinking about it, he said to Zheng Xiaopang: "I really don't recommend you to go in. It may be profitable to sell short, but the price of gold may enter a period of violent fluctuations, jumping up and down, or you will lose money."

"Go short, try your luck." Zheng Xiaopang still said a little bit unwillingly.

Chen Fan looked at Zheng Xiaopang, then turned his head to look at the computer screen and said, "You can do whatever you want, but it can't exceed 1 lots, otherwise it's not easy to close the position. I'm going to see how my crude oil is doing."

After saying that, Chen Fan got up and left the gold trading room and went into the crude oil trading room next to him.

Zheng Xiaopang saw that the gold had started to fluctuate around 335 yuan, so he said to the two traders: "Small order, short 1 lots, let's play casually."

The two traders glanced at each other, and immediately turned around and began to place short orders.

Zheng Xiaopang will be a little nervous. Chen Fan said the same thing when he entered the market to short gold last time. There is a chance to make money, but he doesn't want to do it.

Unexpectedly, after going back and forth, he still said, don't care about him, it depends on Fatty's methods.

Although Zheng Xiaopang was a little guilty, thinking that the current round of gold market that Chen Fan had been analyzing was just a rebound, if it reached 320 or 330, it might reach the top, and it was unlikely to break through 350 yuan, so Zheng Xiaopang became more courageous.

(End of this chapter)