legendary trader

Chapter 307 Chapter 308

Chen Fan and the others didn't watch for a long time that night. When they saw that the Swiss franc had risen above 0.7 and stabilized, they all went home to rest. Chen Fan also reassured them about the follow-up market situation. They are no longer worried about the Swiss franc falling again to eat up their profits.

The next day, Chen Fan got up late. After getting up slowly to wash up, he ate the breakfast prepared by the servants before walking to the gate of the community and walking to the company with Zheng Xiaopang. Zhang Yang had already gone to the company first, and the time had already passed It was ten o'clock.

This is the advantage of being a boss. You don't need to rush to the company at any time. You can go whenever you want. You are very free.

When he came to the company, Chen Fan was not in a hurry to go to the trading room to check the latest Swiss franc market. He was already prepared. At this time, he went back to the office to deal with some work and signed some documents before coming to the core trading room.

Zheng Xiaopang had already come here, and when he saw Chen Fan pushing the door in, he said cheerfully: "The Swiss franc is still rising, but after we leave, the increase will be much smaller, and the highest will reach 7052 and then it will reach the top." gone."

"Then how much is it now?" Chen Fan asked casually, he was not panicking, he was just taking profits, after all the increase was so big.

"7046, the pullback is very small, but there is a rapid decline after reaching the peak. The lowest point is 7015, and then it is carried down, and then it rises to the current position. The market outlook should continue to rise." Zheng Xiaopang said with a smile, "After the recovery, it has been consolidating at a high level. Today's analysis reports at home and abroad have seen the Swiss franc reach the 0.75 level. It can be said that expectations have been greatly raised. We are really developed."

"Don't take those analysis data too seriously. Those are fickle. When things go well, you try to raise your expectations. When things go bad, you look very low." Chen Fan walked to his seat and turned on the computer with a smile.

"I know this. Few of the institutions in the stock market can reach the predicted prices of the stocks. Most of them are actually helping the dealers to ship." Zheng Xiaopang nodded in agreement. He discovered it when he looked at the stocks a few years ago. For this problem, the so-called reasonable price of a certain stock predicted by the agency is mostly not reached, and only [-]% to [-]% can be reached, and it is often because the company enters the hot industry or hype hotspot at that time, so it rushes there.

"But at least 0.73 is not a big problem." Zheng Xiaopang continued. He came here today and saw that the exchange rate of the Swiss franc was firmly above 0.7. Worried about taking profits to lower the Swiss franc by 0.7, but now, his goal is already high.

"I think this position should be relatively stable, so it's not a big problem." Chen Fan heard Zheng Xiaopang say 0.73, calculated in his mind that there should be a chance to reach it, and nodded yes.

After the consolidation in the morning, the Swiss franc may be close to the start of the European market. In the afternoon, the Swiss franc gradually stepped out of the sideways and began to rise slowly. Although the rising speed is not fast, the upward channel is still very clear.

By the time of European trading in the afternoon, the Swiss franc had broken through the early morning high of 0.7052 and reached around 0.7064.

However, after the opening of the European market, the trend of the Swiss franc did not show an accelerated rise or profit-taking, and it continued to rise slowly in the volatile upward trend of the Asian market.

The rising trend of the Swiss franc has become clear, and Chen Fan took out his small notebook and began to look through it.

During this period of time, Chen Fan made up some knowledge about foreign exchange trading. After all, the knowledge in books is very simple, and it is actually useless for foreign exchange trading. It is just some common sense.

In the past few days, Chen Fan has not only learned about the foreign exchange market, but also carefully studied the exchange rate changes of several major international currencies in the past few years, and gradually began to form his own analysis and judgment. He recorded some of the market trend analysis methods he discovered. In the small book, when checking the trend of other currencies, it is constantly corrected, and some individual trends are crossed out. This kind of technique is not suitable for use. Maybe such a trend will appear again in a specific market in the future, and there is no retention. value.

After going through these sketches, Chen Fan really discovered some small details that were not noticed in the past.

For example, trend theory, which is known to all players participating in the market, means that the price of a trading product moves in a certain direction, whether it is rising or falling.

But even in this aspect that is already familiar to the public, Chen Fan still discovered some small details. Perhaps these were not noticed by others, but it is more likely that they have been discovered long ago, but I am so precious that I will not say it. As their own unique skills.

For example, by repeatedly observing the trends of multiple stocks, futures and foreign exchange, Chen Fan found that there are often relatively large fluctuations in the initial stage of the trend formation. At this time, because the trend is not obvious, most investors are actually shocked at this stage. In fact, in many cases, the shock seems to be formed spontaneously by the market, not necessarily operated by the market makers or the main force.

And when the trend comes out, the range of intraday shocks will gradually narrow, and the longer the trend runs, the less room for fluctuations.

Chen Fan also thought about the reason, and finally thought that the more reliable explanation is that once the trend is formed, the market will gradually strengthen this trend, and the operation of the trend will aggravate the speculative atmosphere in the market, because the price changes in a certain direction, Speculative opportunities are generated. As the trend develops and enters the later stage of the trend, the atmosphere becomes stronger, and the trend becomes stronger.

So once the trend is really established, it will develop by its own inertia until the turning point comes, and then run in the opposite direction, and will be strengthened during the operation, and the inertia will develop.

But at the same time, Chen Fan also noticed that this detail seems to be more common in the foreign exchange market, and the impact on stocks and futures is relatively small.

After dinner, Chen Fan returned to the company. The exchange rate of the Swiss franc has reached around 0.7090, which is a big increase from the morning. Judging from this trend, there may be a chance to continue to rise tonight.

But considering that the overall increase of the Swiss franc has been very large in the past few days, it has risen from around 0.664 to now close to 0.71, an increase of more than 400 points. From an investment point of view, the invested funds have doubled. It can be said that the funds that entered the market a few days ago are now very profitable. Seeing the intraday adjustments in the last two days, Chen Fan feels that a new round of adjustments should be brewing in the market, and these profitable funds need to be cleared .

Ordinarily, now Chen Fan should consider whether to continue to increase his position on the premise of a clear trend, because the market value of his holdings is huge now, and Chaofan Investment can continue to increase his position to speculate on Swiss francs.

At the beginning, Chaofan Investment mobilized 5 million yuan of funds, absorbed 30% of the positions at the bottom, and got long orders of 6.9 Swiss francs. Now these long orders have achieved a floating profit of [-] million yuan, which has also led to the current The position of Chaofan Investment has dropped to less than [-]%, and the position is very, very light.

When it is below 0.7, there is no reason to increase the position significantly. After all, the key data has not been disclosed. Although Chen Fan knows that the Swiss franc will continue to rise, he also lacks sufficient reasons to support his decision to increase the position.

The night when the data was released was actually a better opportunity to increase positions. At that time, the market atmosphere was more biased towards Swiss francs. Found that it seems that this opportunity to chase up and increase positions has been missed.

Now that he started to think about whether to increase his position in order to gain more profits, Chen Fan was in a bit of a dilemma.

Now the Swiss franc is close to 0.71. According to the tips given by the ability, the Swiss franc will definitely rise to more than 0.72. The further space is relatively narrow, but if the Swiss franc reverberates by [-] to [-] points at this time , You can also get a profit of [-] points by adding Swiss francs here, and this profit is also very considerable.

Chen Fan no longer expects to gain hundreds of points of rebound space. According to the small detail he discovered, if the Swiss franc continues to rise, his rebound space will only become smaller and smaller.

There was a reverberation of dozens of points in the early trading, and it is more likely that there will be a reverberation of this magnitude tonight or tomorrow.

Thinking of this, Chen Fan feels that this opportunity must be seized. This is a large sum of money. God knows what other black holes will be spent on money in the future. Now that he has entered the market, it is reasonable to pursue profit maximization, and he cannot be lazy again. cancer.

After figuring it out, Chen Fan glanced at Zheng Xiaopang next to him, and whispered to him: "Tonight or tomorrow morning, I think there may be another profit-taking in Swiss francs."

After hearing this, Zheng Xiaopang frowned slightly and asked, "Shall we reduce our positions on highs?"

Chen Fan shook his head, "What I mean is that we take advantage of the opportunity to increase our position. Now our position is less than [-]%, which is too little. We can't make much money from this position."

Zheng Xiaopang turned to look at Chen Fan, and after a long time, he nodded and showed an inexplicable smile, "Your appetite is getting bigger and bigger, but this is very good."

Chen Fan was slightly stunned seeing his smile, "Wouldn't it be better to earn more money?"

"No, no, you used to have too little appetite, and you didn't know how to make full use of floating profits to chase positions. In fact, you are so accurate, you should make a move when it's time to make a move, and you should increase your position if you feel confident. Making more money is the right thing, and It's not that I want to make enough money, how can I say enough money." Zheng Xiaopang said, "Do you want me to call and ask Zhang Yang to come back?"

"Let's just do it, the baby will stay in the company during the day tomorrow to help us watch the scene." Chen Fan shook his head and rejected the proposal to recall Zhang Yang, just add some positions, how many people are needed there, even if manpower is really needed, activate the robot to buy Just go in.

Chen Fan has always thought that trading robots are very useful things, but he has never thought about how to use them, so he usually only uses them for some laborious work, and has never used them on a large scale.

After the Swiss franc fluctuated and rose to 0.7095, it obviously lost further upward support and began to turn downward. It was already past 11 o'clock at this time, and it will soon enter the second day. It seems that the adjustment tonight is about to start.

"When will we enter the market and increase our position?" Zheng Xiaopang asked Chen Fan beside him in a low voice, seeing that the Swiss franc was showing signs of topping out in the short term.

"It's definitely not now. I guess it's more appropriate to add positions around 7050 to 7040. There is room for reverberation around [-] o'clock." Chen Fan shared his thoughts with Zheng Xiaopang, and there is no need to hide it. .

"Then I guess we have to wait to see if there will be a panic and quickly suppress the price, but I feel a little bit hanging, it doesn't look like I'm going to dive." Zheng Xiaopang heard that Chen Fan had to wait for dozens of callbacks Suddenly, I felt that I had to wait for this.

According to the previous adjustment, it will take nearly an hour to drop, and I don't know what will happen tonight, and I don't know if it will be able to drop to the price Chen Fan wants smoothly.

The performance of the market at this time also made Zheng Xiaopang a little disappointed. After the Swiss franc touched 0.7095, the callback speed was very slow. It seems that there is a huge force in the market to support the exchange rate of the Swiss franc and prevent it from falling easily.

In particular, the support near 0.7090 is extremely strong, and long and short funds have repeatedly seen-sawed here, making Zheng Xiaopang look bitter.

Chen Fan's head was a little dizzy and he wanted to sleep, but at this moment he still kept on staring at the computer screen. During this time, he just got up and made two cups of strong tea and came back.

Seeing that the market was still unable to break through 0.7090, Zheng Xiaopang scratched his head and asked, "Tell me, if we sell tens of thousands of hands, how about making a dive?"

"Let's take the initiative to make a short position?" Chen Fan quickly calculated in his mind. If he really wants to go short, it is said that he only needs to sell some short orders at the beginning stage, and as long as he sells those profitable orders, he can retire. A short difference can also speed up this adjustment.

Seeing that Chen Fan hadn't spoken for a long time, Zheng Xiaopang became a little anxious. Seeing that the Swiss franc board had repeated again, it would have returned to 0.7091. If 0.7090 would take an hour or two of ink, it would fall to what Chen Fan wanted. The price, that is not going to go in the daytime tomorrow, the key is that the timing of this share has not yet been grasped.

You have to think that the adjustment will not end tonight. Maybe when you walk out of the trading room, the price of the Swiss franc will be in place in an instant. When you come the next day, the Swiss franc has already finished washing. After chasing the rise and opening a position, the price difference of dozens of points was lost.

"Do you want to do it?" Zheng Xiaopang licked his lips and said, this is more risky. At present, the market is optimistic about the future of the Swiss franc, and now they have to choose to take a short short, although Chen Fan predicts that the market will need a cleansing. It is a bargaining chip, but once the prediction is wrong, it can only cut the position and leave the market.

But based on Chen Fan's consistent and accurate judgment, Zheng Xiaopang is still willing to believe him. If he gambles wrong, he will lose some profits at most. If he wins the gamble, he can increase his position substantially below.

This kind of thinking is also churning in Chen Fan's mind at this time. There is only a small risk, but the problem of shorting tens of thousands of hands should not be a big problem. Gradually, Chen Fan made up his mind and did it.

(End of this chapter)