legendary trader

Chapter 355: Chapter 356
In order to repay the mortgage, the man with glasses still gave up his prejudices, went long when he needed to go long, and went short when he needed to sell short. As long as he can make money from the market, he can do anything.

At this time, the market’s attention is focused on 2250 points. In fact, most investors are not very optimistic about the support here. At least without funds entering the market to protect the market, there is no way to effectively prevent short sellers from further wreaking havoc on the market.

Putting aside his prejudices, the man with glasses is very calm at the moment. He has no positions, but because the market has fallen too much in the short term, he has no motivation to short down, because the profit margin is too small, but if the market continues to plummet, then Just get started and do it right away, take a gamble to see if the main force of the market is here to wash the dishes, and prepare for the market to enter a new space.

At the same time, he does not deny that he hopes to hear the news that the guy he hates has liquidated his position, but it is a pity that until now, the discussions among colleagues have focused more on where the resistance level of the market is, rather than whether he should liquidate his position .

Hearing the discussion behind everyone, the man with glasses just sneered in his heart.

Soon, the Nasdaq slipped to 2250 points, but the much-anticipated 2250 points did not produce the slightest resistance to the short sellers' suppression. The point, which was regarded as the last position of the bulls, broke down immediately, and the trend of the Nasdaq's diving has been irresistible.

With the break of 2250 points, the Nasdaq quickly fell to around 2230 points, but the downward momentum has not weakened. Obviously, today's opening point, which is the intraday low, can no longer stop the Nasdaq from diving.

The market did not give everyone the slightest hope. The Nasdaq made great strides to shatter the last thoughts of the funds in the market. Today's intraday low was refreshed.

The Nasdaq bottomed out at around 2218 points, and the rate of decline began to slow down slightly. Perhaps it plummeted by more than a hundred points in one breath. The short sellers may also be frightened by their own viciousness. After the Nasdaq fell below the opening point Finally started to slow down.

But at this time, a large number of investors whose confidence in holding shares had been shaken opened their warehouse doors one after another, and began to take out odds and ends.

No way, all shareholders have already felt the ferocity of the shorts in the market. The retaliatory rebound went up by more than [-] points, and they were all spit out immediately. The strength of the shorts exceeded the market's expectations, and they are not leaving the market at this time Is it really necessary to wait until after the continuous plunge to see the form clearly?

The man with glasses was also a little happy at this moment. I don't know which colleague made the remarks he wanted to hear.

"I'm afraid the market is really going to die, otherwise, how could the short sellers be able to sell more than [-] pips?"

Soon, the direction of discussion among colleagues began to change. Some people had decided to reduce their positions and wait and see for a while, but only a few people planned to clear their positions and leave the market.

Hearing the excitement of the man with glasses here, as long as the market continues to maintain a low and weak volatility, that guy should not be able to stand the torture of the market, and he may lighten his position.

At that time, I just need to look at the right time to enter the market and go long, regardless of the fact that he made a lot of money in the second half of last year, but as long as I operate well, I may be able to get far more profits than him in one go.

The man with glasses is now more focused on the changes in the Nasdaq market, waiting for the best time to enter the market.

As he expected, the Nasdaq slumped to around 2215 points before it stopped falling and began to recover slowly. However, the trading volume obviously did not support the market rebound, because the market may fall down or even dive again at any time under the condition of limited heavy volume.

At the beginning, some colleagues took advantage of the market rebound and started to reduce their positions, but the thin man who has been paying attention to the glasses man seems to have not moved. Maybe the confidence in holding shares has not been destroyed by the market. I hope that the market will have another violent suppression. Drive him out of the market, and at the same time create the best entry point for yourself.

Regarding the discussions among his colleagues, although the man with glasses gradually had his own judgment, but under the influence of that guy, the man with glasses really didn't want to talk too much.

After the Nasdaq slowly rose back to near the opening point, it was no longer able to continue its upward attack and began to fluctuate sideways.

Seeing such a trend, the blind man also guessed that if there is no accident, it will definitely fall again after the sideways trading. There is no way, the more sideways the market is, the faster the bulls will lose their power. Without buying support, this market will not be stable. What's more, the strength of the rebound is so small.

Colleagues’ discussions became quieter, and from time to time they could hear a few “popping” keyboard sounds. It is conceivable that some colleagues who had previously held a wait-and-see attitude also chose to lighten their positions at the moment. He didn’t know if there was any liquidation, but It is certain that under such a market trend, many traders will at least choose to reduce their positions to avoid losses caused by continued declines.

"The current market trend is indeed not good, I'd better reduce half of the position and see."

However, within a minute or so, the expectant voice finally remembered that the lean man said he would halve the position.

The man with glasses felt relieved for no reason. When the market rebounds again, if he misses the opportunity to cover his position, hehehe.
At this time, the Nasdaq index has been swaying and slowly trading near the opening point for a few minutes. Finally, as the selling orders gradually increased, the buying orders did not keep up. The index began to reappear and walked out of the downward downward channel. The speed of the second decline was slower, and it was no longer a crazy trend like diving.

The Nasdaq once again fell below the opening point, and the market center of gravity moved down as a whole again.

Soon the Nasdaq fell below 2220 points, and continued to approach the intraday low. After the Nasdaq broke again, the man with glasses heard a burst of "popping" keyboard sounds.
In a weak market like today, no one will regard the intraday low as a strong support level. At this time, it can only depend on the attitude of the market forces and large institutions. The market now needs a huge amount of capital injection, otherwise it will It is impossible to stop the market from falling.

"Ning Yongyou, Kuang Jichun, open long positions." Chen Fan suddenly sent a trading order to the futures trading team through the microphone.

Seeing that Chen Fan put down the microphone in his hand, Zheng Xiaopang said cheerfully, "Is the market going to the end?"

"I don't know." Chen Fan simply answered three words, then looked at Zheng Xiaopang and said a little jokingly: "Although I don't know where the bottom is, but the more you fall, the closer you will be to the bottom."

"Nonsense." Zheng Xiaopang replied unhappily, "Everyone knows that the further you fall, the closer you will be to the bottom. You need to tell me this, shit."

"Look, it is estimated that this slow decline will take a while. The diving has destroyed the confidence of the bulls in holding shares. Now it is slowly digesting the remaining resistance mentality of the bulls. I think it will be almost the same today after this decline. At most If you scare me again tomorrow, it should be considered as the end of washing dishes." Chen Fan felt very happy seeing Zheng Xiaopang's unhappy expression, and said seriously after molesting.

"It seems that it is true. It seems that the 2216 point cannot fall any further, and it is about to rebound." Zheng Xiaopang suddenly laughed.

Chen Fan also looked at the computer screen and nodded, "It's probably a repeated drop, and it's probably going to come down after a while after the rebound. In the end, it should still break this low point. The final result is just to see if it can break 2200 points. Anyway, the meaning is the same, the market needs to wear down, wear down the confidence in holding shares, and then it can be regarded as washing the dishes.”

"Yeah." Zheng Xiaopang nodded in agreement this time.

Then, as Chen Fan said, the Nasdaq began to grind bottom continuously, and the intraday lows were constantly refreshed. However, every time the market fell out of a low point, there would be a stronger or weaker rebound, but it was still not strong enough. It will be suppressed by the market again, and a slow downward channel will gradually take shape, and the Nasdaq will continue to drop along this downward channel.

"Lao Li, according to what you mean, we should wait until the market confirms that the bottom rebounds before chasing the rise?" Qi Qinghua asked while sitting on the sofa. Although staying up late is not good for women's skin, but this time is a bit special, Qi Qinghua is willing to go all out I won't rest tonight, so I have been staying in the core trading room so that I can decide on investment strategies with the trading team and Mr. Li.

"Now the marketing department can't enter the market when there is a bottom, and there is no way to determine the bottom. The main operation is too erratic." Mr. Li nodded and said, "Now we can only choose to be conservative. I would rather miss the opportunity at the bottom than make mistakes."

Qi Qinghua nodded and said to Xiao Yang in front of him: "President Li's idea is more secure, let's do what President Li wants."

Xiao Yang hesitated for a moment before nodding, "Okay." After speaking, Xiao Yang nodded to President Li before turning back to his seat.

The core trading team of Jinxin Company decided to adopt a conservative investment strategy. Although the current position is moderate, it is still necessary to wait until the market bottoms out and confirms that it has entered a new upward trend before entering the market and increasing positions.

Although such a strategy will lose a lot of profits, it is actually a safe method in the current erratic market.

And in their foreign exchange trading room downstairs, the man with glasses is also engaged in a fierce ideological struggle at the moment.

The market must be bottoming out.
There is a saying in the stock market that the longs are not dead and the shorts are not dead. Now the dead longs in the group have begun to lighten their positions. It should be said that there is not much money in the market to persist in long positions. Most of them should have lightened or even cleared their positions. The bulls are dead, and the bear market should be over.

Start now or wait?

The Nasdaq began to rebound after stabilizing slightly around 2216 points, but without the cooperation of trading volume, how long can the upward trend last without buying orders?
The result is that the Nasdaq only rebounded to 2219 points and then began to fall again. This time, it did not encounter any resistance near 2216 points, and fell directly, and soon approached today's intraday low of 2215 points without any adjustment. The lows crashed.

After hitting a new low, the Nasdaq continued to look for support. Maybe the strength of short positions in the market has also begun to weaken. Maybe there is no buying below, which makes some investors really unwilling to continue to suppress the stock price. Losing too much, the Nasdaq fell to 2212 points After that, it started to stabilize and rise again.
The Nasdaq fell back and forth like this, and the strength of the bulls in the market was almost wiped out. When the Nasdaq fell below 2210 points, the man with glasses couldn’t resist the temptation and bought more than 3 lots on the Nasdaq futures March contract. The buying point is 50 points. After buying, the man in glasses comforted himself. This is just a tentative position opening. Even if the market continues to fall, he can afford it.

Because recently, the views of the man with glasses and his colleagues in the group have run counter to each other, so in the past few days, everyone has less communication with each other besides saying hello, especially the colleagues know the dirty relationship between the man with glasses and the thin man. In fact, from their point of view, it's all caused by one mouth, making money and showing off, so the man with glasses can't understand the conflicts, what a big deal.
However, after they failed to match up twice, they ignored them. The reason why they communicated more with the lean man was that everyone was bullish on rice stocks, and they also bet on futures, so they had no opinion on the man with glasses.

At this moment, the man with glasses deviates from their investment actions again, and starts to quietly build positions on the rice stock futures index, and no one of them notices, because they have all reduced their positions more or less at this time, and some have completely cleared their positions Yes, those who have cleared their positions are planning to take a break. After all, they are short positions now, and there is no pressure to restrain them, so some colleagues have already returned home from work. Only colleagues with slightly heavier positions are still insisting on watching the market. I hope that the market will come out of a wave of rebound at the end of the market. , so that they can continue to lighten up their positions smoothly.

However, the repeated shocks and falls in the market quickly dispelled their last hope. The market was over and there was no hope.

Many colleagues chose to leave the market in disappointment. They didn't want to continue to hold positions, and went home early from get off work. Only when they returned home could they lick their wounds with peace of mind.

Soon the trading room began to be empty. Except for a few people who still held other trading products, most people left, and the lean man also left. It seemed that most of the positions were sold out, leaving only a few The amount of chips, hoping to wait for the market to bottom out and then enter the market again.

At this time, the man with glasses began to feel at ease, and looked back at the empty seat around him, a little smile appeared on his face, but soon he realized that it was not the time to smile, only after the market rose again, did he seem to smile Qualifications, but think about it or forget it, then I don’t know how many colleagues I will offend, it’s better to make a fortune in silence, and don’t make a fuss, otherwise it will be different from that annoying guy.
After repeated several times, the Nasdaq index continued to hit new lows during the session. It was only half an hour before the close. It seemed that everything today was a foregone conclusion. There was no hope for the market. At this moment, the man with glasses There was also a hint of disappointment in his eyes, maybe it depends on what happens tomorrow.

Looking at the trend chart of the Nasdaq on the computer screen, I shook my head helplessly, but I was in a good mood. At least I had 50 more orders in my hand. Although not many, a bird in hand is better than a hundred birds in the forest. Those who lighten up significantly are much stronger.

The man with glasses has already started to clean up his things at this time. He put the scattered items on the table back to their original positions. He intends to look at them again.
At this time, the Nasdaq rebounded again around 2211 and then went down again to find the bottom. It soon hit a new low of 2205.69, and then began to rebound softly
(End of this chapter)