legendary trader

Chapter 398 399 Resistance
The Nasdaq index barely got out of the sideways trend around 2360 points.

Zheng Xiaopang is also very reluctant to maintain Qualcomm's stock price of 5.2 yuan, which is not easy.

At this time, He Li, who had no sense of presence next to him, suddenly said: "I have already dealt with it here, and now I have to re-enter the market to absorb the goods."

"You follow Mr. Zheng's arrangement." Chen Fan said.

As Zheng Xiaopang handed over the work of buying Qualcomm shares to He Li, he was finally freed.

But within 2 minutes, He Li suddenly took the initiative to speak.

"Mr. Chen, Mr. Zheng, it's not the best way to protect 5 yuan and 2 so desperately. It's hard to please."

"Then how do you say it works?" Zheng Xiaopang asked hastily.

"Pull down the stock price, let it fall to 5 yuan and 1 cents, and then withdraw the big SLR." He Li said, "Every time the low point is randomly selected, otherwise it will only attract more selling orders. , the Nasdaq will not break out for a while."

"Then do as you wish." Chen Fan nodded and said.

"Well, that's fine, and it's good to have more depth." Zheng Xiaopang also nodded in agreement.

With He Li's operations, Qualcomm's stock price began to slowly gain some vitality, and the stock price's flexibility increased. When the selling orders were small, He Li put the stock price at the top, and when the selling orders increased, he let the stock price go along with the trend. Click it down, and let those orders aimed at buying orders hang on it.

Chen Fan stared at it for a while, and suddenly said to Zheng Xiaopang in a low voice: "See, learn, this is the technique of trading."

"You said it as if you were very powerful." Zheng Xiaopang immediately replied in a low voice.

But after observing for a while, Zheng Xiaopang still said: "There are still too few people who are attracted to buy tickets."

"Those who are willing to enter the market will enter the market at 5 yuan 4 and 5 yuan 3. Now that they are set on it, there will definitely be fewer follow-ups." Chen Fan said cheerfully, and did not put those quilt funds at all. In my eyes, I don't know where it came from, who cares about their life and death, it would be good if they can cut their flesh out from below, at least it can increase the number of chips they get in the low position.

After joking for a while, the Nasdaq market also began to deteriorate rapidly. The Nasdaq has been pressed near 2361 for a long time, and it will fall below this point at any time to continue to expand downward.

But in the face of such a situation, there is really no way for the bulls in the market. They can only maintain the stocks they control to avoid the impact of the market decline, and they are no longer willing to spend energy to maintain the market trend.

The short funds also seemed to see that the strength of the intraday support was constantly weakening, and began to gradually increase the intensity of the suppression. Finally, the Nasdaq could not maintain the market, and fell below the hard-won platform again, and began to continue to fall. end.

"Put it around 5 yuan and continue to resist." Chen Fan hurriedly said to He Li after seeing that the Nasdaq broke again. In fact, Chen Fan also noticed that He Li was more skilled in operation than Zheng Xiaopang, including himself, at least He didn't feel like he was in a hurry, and he seemed to notice that he paid attention to the trend of the market from time to time, which is probably the level of an experienced trader.

Chen Fan and the others began to consciously control the slow decline of Qualcomm's stock price, but they never gave any chance to the short sellers. The stock price has always been in a steady downward trend, and there has been no such extremely destructive trend as diving.

After the Nasdaq market was broken through the support of 2360 points by the short sellers, the index fell all the way to 2340 points. The funds in the market felt that after another decline in the market, the momentum to continue to actively kill the decline should be weakened again, so they started There are funds to resist here, hoping to form a line of defense again to avoid such a continuous and endless decline in the market.

The funds of both long and short parties began to fight fiercely in the market again. Large sums of buy orders and sell orders collided on each stock, just hoping to influence the index and run in the direction they wanted.

The columnar line showing the time-sharing trading volume below the Nasdaq continues to rise upwards, showing how fierce the fierce battle between long and short is happening in the field.

Chen Fan took the time to take a look at the trend of the Nasdaq futures. As the stock market continued to decline, the March contract point has dropped to 3 points and started to discount. No one in the futures market believes that the Nasdaq has a chance Returning to 2316 points, now the bulls have begun to disarm in large numbers, just want to close their positions before delivery, and move to the June contract. As for whether to be long or short at that time, only God knows.

Seeing that the futures trading group is still increasing positions in the June contract, Chen Fan is very satisfied. The current June contract point is only 6 points. Now it seems that there should be room for 6 points. At least next month, the Nasdaq should be at Running above 2352 points, maybe it will go up to 2 points, but Chen Fan is not very sure at the moment, the increase given by the brightness can only be roughly calculated by himself based on experience, but it is not accurate enough.

Shaking his head helplessly, Chen Fan withdrew his gaze and continued to stare at the trend of Qualcomm stock.

The core trading team of Shencheng Jinxin Building, Qualcomm's stock price has continued to fall since the market opened today, making the man with glasses very nervous at this time, and he doesn't know what to do.

If he was still downstairs, he would have cut out his position without hesitation and would never stay in the field. However, the account and funds he is currently operating belong to the team, and he is just a newly recruited trader. You can't follow your own thinking, after all, it is still in the observation period.

At this time, the team leader just stared at the trend of Qualcomm stock without saying a word, as if he had seen through something, but there was no new order issued, whether to ship or ship.

The man in glasses watched Qualcomm's stock price keep falling, and it had already fallen to 5.1 yuan, but there was still no new order. At this time, he was at a loss and didn't know what to do.

"Team leader, should we do something?" Finally, the man with glasses couldn't stand the continuous drop in Qualcomm's stock price, so he took the initiative to ask Team Leader Yang.

"What are you doing?" Xiao Yang turned his head and glanced at him, then turned back and continued to pay attention to the trend of Qualcomm's stock price.

"Qualcomm's stock has been controlled by short sellers, and there will be a lot of room for decline in the short term. The stock price has been at more than 3 yuan most of the time this year, but now the stock price is still above 5 yuan," the man with glasses said hurriedly, but the words He was interrupted by Xiao Yang waving his hand before he finished speaking.

"According to your opinion, how would you operate?" Xiao Yang asked.

"If I was operating, for the safety of funds, I would stay on the sidelines around 5 yuan." The man with glasses said without hesitation. He is really bearish on Qualcomm stock now, and it went against the trend and rose sharply that day. It was completely a deliberate bait made by the dealer, but unfortunately he fell for it.

"Do you think the increase in Qualcomm's stock price that day was a trap?" Xiao Yang asked casually as if he had read the man's mind.

"Looking at it now, although I don't want to admit it, the actual situation is like this." The man with glasses said in a low voice, but then he saw Xiao Yang shaking his head in disappointment, and the man with glasses felt his heart skip a beat, wondering if he had done something wrong up.

"Your idea is still a trader's approach. Follow the trend. If the stock price has an opportunity to rise, you will take advantage of the trend to go long. If the stock price weakens, you will immediately get out of the way. There is no problem when the amount of funds is not large, but the funds you are operating now are gone. You bought nearly 3 million shares, do you think you can run around casually?" Xiao Yang said slowly, "Although this place is basically the same as downstairs, it is still different, and you can only experience the difference yourself."

The man with glasses was a little confused. After coming here, after a few days of observation, he thought he was already familiar with the working environment here, but according to Team Leader Yang, it seemed that he still hadn't gotten started.

The man with glasses began to reflect on himself, what was wrong with him.

In his opinion, there is actually no difference between here and below. If there is a difference, the transaction target here is not chosen by oneself, but more arranged by the above or negotiated collectively. There is no complete autonomy in this regard, but as long as With a trading goal, he is confident that his trading level will not be much worse than the people here, but according to the team leader, he is still far behind. Where is the gap?

Seeing that Qualcomm's stock price has fallen below 5.1 yuan at this time, but there are as many as 5.08 shares of buy orders at 20 yuan below, and the buy orders at the following prices are also very large. It should be the last line of defense for long power settings in the field.

Regarding the defense here, the man with glasses does not think that there is a chance to withstand the selling pressure of the market's short sellers. Whether this is the dealer's self-directed and self-acted long-short battle or there is really a contest between long and short forces in Qualcomm's stock, these Even if he pays the bill, he can easily smash through the stocks he currently controls, but he controls 265 million shares of Qualcomm.

Suddenly, the glasses man's eyes lit up, and he remembered what the team leader said earlier, and only then did he realize something.

Yes, when you come here, the amount of funds that can be traded has changed, and it has increased exponentially. You can no longer use the previous set of chasing ups and downs.

Even if I was out at 5 yuan and 2 before, I am afraid that I will directly kill the stock price to the floor. Unless I am sure that the stock has weakened, I really can't just kill in and out.

In addition, according to the meaning of the team leader, it seems that this stock is not a self-directed and self-acted wash, but a real long-short fight. After thinking about it in this way, the man with glasses seems to understand the meaning of the team leader. Before admitting defeat with long funds, it seems that the sell-off may not necessarily be the last laugh, and it still needs to be observed.

After figuring this out, the man with glasses seemed to fully understand what was going on.

According to the current thinking, let’s look back at the entire process of Qualcomm’s stock price drop today. It has fallen all the way. In fact, the market bulls have not really tried to protect the market. Only 5.2 yuan seems to have had a relatively fierce confrontation. However, after the Nasdaq broke the bottom As the overall center of gravity of the market moved down, this line of defense was abandoned, and it moved down to around 5.1 yuan now.

By now, the man with glasses knew what he should do.

There is no doubt that 5 yuan is the lifeline of Qualcomm stock. As long as 5 yuan does not break, this stock seems to have a chance to turn around again. It is entirely possible that the current weak trend is a short trap dug by the bulls.

"Continue to increase selling and break through the resistance of the bulls as soon as possible." Watanabe kept urging his traders to sell stocks to put pressure on the market.

"Is there still no progress?" At some point, Kishimoto was already standing behind them, quietly watching their operations.

"Other stocks are doing well, and only Qualcomm stock has shown strong resistance. It seems that the institution has no intention of admitting defeat." Watanabe hurriedly reported the current situation to Kishimoto.

"The Nasdaq has fallen to the present, and this stock is still unwilling to admit defeat?" Kishimoto suddenly interrupted Watanabe who was reporting the situation, and asked back.

"It depends on the situation." Watanabe replied hastily.

"Continue to apply pressure, but don't spend too much chips, and concentrate on hitting other stocks, so that the market can't turn around." Kishimoto hesitated for a while before saying, when he was about to turn around, he suddenly seemed to remember something, and whispered to Du Bian said: "For the stock of Qualcomm, try to suppress the price, and if possible, add ammunition on the spot. We need to hold this stock as a long-term investment."

"Understood." Watanabe replied. Although he said so, he was also in distress. He wanted to hold down the stock price and buy some stocks properly. How is this possible?Unless the funds on the floor completely surrender.

However, listening to Kishimoto-kun, it seems that he knows what the other party means by stubborn resistance, but he is unwilling to say more about it. The most important thing is that Qualcomm stock has long-term holding value. His headache, is it necessary to make a certain compromise between the two sides like yesterday?

Watanabe now finds it very tricky to operate Qualcomm stock, and he doesn't even know what to do.

Concentrating on attacking the opponent will inevitably consume a lot of stocks in your hand quickly. It is good to be able to defeat the opponent. From where should the chips that went out be recovered?

"Qualcomm's suppression is suspended, put the order on it, and look for opportunities to cover some positions." After thinking for a while, Watanabe decided to be conservative. Today, Qualcomm's stock price has been smashed deeply. If it continues to hit, once the opponent Desperately, in the case of a huge drop, it is easy to attract other funds to covet.

"Active selling tends to decrease." In the quiet trading room, someone spoke suddenly.

"It seems that they also know about the affairs of the United States." Chen Fan said casually, "We will leave it to fate in the end, hehehe."

Half an hour ago, Zhang Quan from the intelligence office came here and gave a brief report on the latest events in the United States. In fact, the news is not good, but it is not bad either, because the news just has no results.

The team hired by Qualcomm is still tirelessly lobbying the representatives of all parties participating in the International Telecommunication Union conference, but there is little progress so far.
(End of this chapter)