legendary trader

Chapter 293 CHF 294
Recently, the Nasdaq index has been hovering around 1900 points. As the current main delivery product, the trading volume of December futures has not shown the sharp increase expected by the market. By the time the trading volume of the March futures index became active, Its trading volume far exceeds that of trading varieties in the same period.

Of course, Chen Fan has also noticed such market changes. It is obvious that all parties in the market have reached a consensus, that is, after the new year, the Nasdaq market will most likely start a wave of rising prices at the beginning of the year, so a large number of At this time, the funds did not open a position on the December futures, but chose to open a position on the March futures.

Under such an atmosphere, Chen Fan felt that he should have made a plan early and started to build positions on the futures index in March, June, and September. In this case, you can only save positions one lot at a time in next year's contract.

Chen Fan is also not interested in opening a position on the December futures contract. Although the current price is not high, it is only a few points above the water, and there are still two months of trading time, but after watching the market, Chen Fan feels that there is room for profit In fact, it's not that big, and it shouldn't exceed 12%. Although we can't see the brightness of futures contracts in March, June, and September next year, Chen Fan feels that next year's market will definitely exist, and profit is only a matter of time.

现在12月期指合约价格是2千多点，而3、6、9合约的价格在2千2到2千3，只是交易量小了点，但是价格还是很合适的。

Chen Fan told Zheng Xiaopang what he was thinking about. Zheng Xiaopang shook his head when he saw the Nasdaq futures.

"Look at the pending order above. I guess you may not be able to buy hundreds of lots if you raise the price to 2. Isn't it too early to open a position now?" A trader is responsible for buying these orders every day, and I guess that trader will vomit blood."

"No matter how difficult it is, the first step is to go out. As for the active trading in the future, that is another matter. The positions we want to build are very heavy. It is still useful to save some now. At least if those varieties are not worried about selling, maybe It might stimulate some short sellers to increase their transactions on forward contracts." Chen Fan said after thinking about it.

"Is there no chance for the December contract?" Zheng Xiaopang looked at the Nasdaq futures and said.

Chen Fan shook his head, "The chance is not great, it's not interesting."

"Then I'll contact Zhang Yang and arrange for a trader to use the company's account to open a futures contract for next year." Zheng Xiaopang saw that Chen Fan had made up his mind not to touch the December contract. It would be nice to pick up some cheap chips, so while talking, he took out his mobile phone and prepared to contact Zhang Yang.

陈凡看到也没拒绝，“3月合约控制价2千3，6月和9月合约控制价2千4，这个价位下面的都小单吃掉。”

Zheng Xiaopang nodded when he heard the words, found out Zhang Yang's phone number and dialed it.

Chen Fan sat there contemplating, thinking about whether there were any omissions in the preparations for this transaction. Zheng Xiaopang came over and sat on the sofa next to him after making the phone call. Chen Fan seemed to be thinking about something. He didn't make a sound, just waited there quietly.

When Chen Fan came back to his senses, Zheng Xiaopang said to him: "I have already told Zhang Yang that he will bring a trader to start opening a position tonight, but he also pays attention to the expired index. He said that you want to open a position." A few contracts may not be able to buy hundreds of orders in a month, haha"

"Hehe, it doesn't matter how much you can buy. I don't expect to be able to complete the warehouse building before the end of the year." Chen Fan smiled and didn't care about these words at all.

"In addition, let me tell you about the company's current financial situation, so you have a good idea." Zheng Xiaopang looked at Chen Fan and said: "The company's current domestic investment is all invested in the Red Sun Fund, and the daily operation is also based on The fund’s management fee is supporting, and it’s definitely not enough. This time when we bought a property in Shanghai, we transferred back 4 million yuan of funds from Jinxin. We divided 3 million yuan and kept 1 million yuan in the account. This time the purchase of the property and the advance payment for the plane, the money has already been spent."

Chen Fan frowned upon hearing this, "No more money?"

"Of course not. Aside from the 25 billion invested in rice stocks this time, the company can use only more than 1 million yuan of principal." Zheng Xiaopang said hastily, "So, you should consider where to earn a lot of money. There is money, although there is still some money, but it is really worthless."

"I don't know where to make quick money. Now I'm also very confused. I really don't see any opportunities to make money." Chen Fan blinked and said with a sigh.

"Gold is still below 300 yuan, is there any chance?" Zheng Xiaopang said suddenly.

"It's okay to make small money, but not big market." Chen Fan shook his head and said, "The same goes for oil, basically 12 yuan a barrel, and it looks like it will last for a while."

"What about foreign exchange? Rice yuan, Chinese currency, and mark, etc. The leverage of foreign exchange can be very high." Seeing Chen Fan's appearance, Zheng Xiaopang said impatiently.

But seeing Chen Fan's expression, Zheng Xiaopang sighed, "Although foreign exchange fluctuations are not large, but the leverage is high, it is not worse than investing in futures and stocks, so there are really no chances?"

Chen Fan shook his head and said to himself, don't I know that the fluctuation of foreign exchange is small, but it is indeed very profitable to calculate the leverage, but I can't do anything about it, the fluctuation is too small, unless there is a big market, otherwise my ability is really useless method to play.

"Don't worry, I'll check the markets in America and Europa when I'm fine. As a stock god, I can't bear to have no money." Chen Fan looked at Zheng Xiaopang and smiled, a rare joke once.

Chen Fan didn't expect that his company would have a day without money. Although Chaofan's investment book wealth is huge, but when the funds are planned for use, the funds began to become tense. At this time, Chen Fan began to understand why big companies pay so much attention to it. cash flow.

The company already has tens of billions of Chinese dollars in assets, but the funds that can be used now are only more than 4 million. Thinking about other companies, many companies have a debt ratio of around 5%. If Chaofan Investment is also developed by borrowing , At this time, all the funds have been invested and it is too late to recover, and if there is another debt of more than 1 million yuan that needs to be paid when it is due, the company's capital chain will be broken.
Fortunately, my company has no debts, and all assets are real.

But where to earn a little money?It was a little nerve-wracking, Chen Fan scratched his head unconsciously, turned around and saw Zheng Xiaopang lying on the sofa with an indifferent look, seemingly enjoying himself, he got a little angry, and reached out to poke Zheng Xiaopang. Fatty, "Do you have any ideas? Now the company has no money."

"I said, do foreign exchange." Zheng Xiaopang didn't mean to be angry when Chen Fan disturbed him, pointing to the information on the coffee table and said, "I think the information produced by Lao Liu's research department is quite reliable. , they analyzed that the Swiss franc may appreciate against the dollar in the near future.”

"Huh? Really?" Chen Fan ignored Zheng Xiaopang's words and picked up the information on the coffee table to search for the analysis of the foreign exchange section.

Zheng Xiaopang, who was slumped on the sofa, suddenly stood up and looked at Chen Fan. Chen Fan was also startled. Looking at Zheng Xiaopang, he couldn't figure out what happened to this fat man.

It took a long time for Zheng Xiaopang to ask: "Old Liu and their analysis report, you didn't think much of it, did you?"

Chen Fan nodded and shook his head, "It's not that I didn't read it, but I just didn't think about doing foreign exchange, so I didn't pay much attention to their analysis on foreign exchange."

After listening to Chen Fan's explanation, Zheng Xiaopang stared at him for a long time before shaking his head, "Now that the company has developed, and there is a special research department to study market trends, you won't be running around in the market like before, rummaging everywhere. Look at the trend chart to find investment targets."

Hearing this, Chen Fan seemed to understand Zheng Xiaopang's meaning in his heart, patted his head and said: "It's true, I have always been looking for investment targets in the market by myself, and I always feel that the advice given by others is not correct, and I discovered it myself." That's what makes it interesting."

Zheng Xiaopang shook his head helplessly, "You can completely look at the investment direction they recommend based on the report of the analysis department, and if you think it's not good, then find another one. You are too independent like this. If you start a company, you might as well not do it. Feeding so many people for nothing.”

Chen Fan nodded, "OK, I will pay attention to it in the future."

Zheng Xiaopang leaned on the sofa again and said: "Finding opportunities by yourself is not only tiring, but also very inefficient. No wonder you have to be stupid for a long time after completing a transaction. It seems that you are dumbfounded because you can't find a transaction opportunity."

"Hey hey hey" Chen Fan had no choice but to laugh dryly, stopped talking, and continued to look through the documents in his hand.

Quickly find the analysis report of the foreign exchange market, browse briefly, and focus on the Swiss franc.

Skip the brief introduction about the Swiss franc. To be honest, a Chinese understands it literally and knows what it means.

The focus is still on the analysis of recent trends later, as the Swiss exchange rate has been falling as the price of gold has fallen.
Chen Fan wondered, what is the relationship between gold and Swiss francs?Is Switzerland still on the gold standard?

After a brief glance, there was no such introduction, and I jumped to the previous introduction to see the information that may be related to this. Forty percent of Switzerland's foreign exchange reserves are gold reserves, and the other [-]% are held in other currencies.

Because of the strong technical strength in the manufacturing industry, especially in pharmaceuticals and precision manufacturing, although the raw materials are basically purchased, the economy still maintains a long-term surplus. Coupled with the developed banking industry, this country is considered the richest in the world. One of the countries, the headquarters of many multinational companies and large financial companies are concentrated here, obviously not only attracted by the scenery of Switzerland.

Turning to the back again, looking at the recent price of the Swiss franc against the rice dollar, the price has fallen from more than 0.8 to about 0.65 in the past two years. Recently, there have been signs of stabilization. The exchange rate fluctuated around 0.66. During this period, there was a retaliatory rebound due to gold. The exchange rate also rebounded to around 0.7 for a while, but now it has found support near the previous low point. The lowest level has dropped to 0.6485, and it has been fluctuating around 0.6622 in the past two days.

Chen Fan carefully compared the exchange rate trend of Swiss franc/meter yuan, and then looked at the trend chart of gold. There is indeed a certain correlation between the trends of the two trading varieties, but he feels that the linkage effect is not as strong as stated in the report. Maybe It is because the time is too short or the relationship between the fluctuations in the recent period.

Chen Fan didn't care about these things, as long as he confirmed that there was a certain relationship between them. As for whether the Swiss franc could really rise, or appreciate, Chen Fan was still not sure after carefully looking at the trend chart, so he decisively touched his forehead and looked at it. a while.

The bright light exists, although it is not strong, but there should be a [-]% increase.

"If we do Swiss francs, how much leverage do you think is appropriate?" Chen Fan suddenly asked Zheng Xiaopang beside him.

Hearing this, Zheng Xiaopang became excited. It's so rare. Chen Fan rarely listens to other people's opinions to choose investment products. This time should be a good start.

In the past, no matter what kind of product they operated, it was Chen Fan's arbitrary decision, and basically there was no room for them to speak. Even though it was the gold transaction, although he first proposed it and got Chen Fan's support, he did not dare to take it lightly. In the next transaction, it was Chen Fan who forced himself to carry out the operation.

Strictly speaking, it is not a suggestion given by himself, because when Chen Fan forced him to end the transaction, Chen Fan seemed to have seen the huge profit of gold, so it was like this.

But this time, he actually followed the advice and prepared to enter the market. Didn't you see that Chen Fan was asking how much leverage?
Quickly withdrawing his thoughts, Zheng Xiaopang thought carefully before saying: "The leverage of domestic companies is not high, from 5 to 100. If the grasp is large, there are foreign platforms that can increase the leverage to 3 or 4 hundred." , which one do you choose?"

Chen Fan calculated silently in his heart. The Swiss franc has risen from 0.64 to the current 0.66, which is an increase of about 2 points. He can't guarantee whether he will hit the bottom again in the short term, so judging according to this space, It is better not to exceed 50 leverage. In case it really hits the bottom again, 50 times leverage is still a bit hanging.

I'm a bit tangled, I can't see the short-term trend, how should I decide.
Zheng Xiaopang also seemed to see Chen Fan's hesitation, so he tentatively asked, "Are there any concerns?"

"I'm a little worried that the Swiss franc will bottom out again, and it's hard to determine the leverage." Chen Fan also said directly and frankly, "I haven't played foreign exchange before, so I still don't know the bottom line."

Zheng Xiaopang also struggled for a while and said: "I'll tell you my thoughts, you can see if it works, and if it doesn't, it can be regarded as a reference."

Chen Fan nodded after hearing this, and waited for Zheng Xiaopang to talk about his ideas. It is too rare. When it comes to specific operations, Xiaopang never mentioned it before. It seems that this time the company has no money and let Xiaopang I started to worry, otherwise, with his urinating nature, he probably wouldn't have taken the initiative to think about these things.

"I think we can divide the funds into two or three shares and enter the market in batches. The former can choose a slightly higher leverage, because we have a margin to make up for it."

(End of this chapter)