legendary trader

Chapter 409 Chapter 410
Qualcomm's stock quickly hit 7.5 yuan under the control of Chen Fan and the others, and then began to fluctuate and fall back. The very good phenomenon is that the other fund in the market does not seem to be planning to fight with them in the market. Both sides choose a tacit understanding Shares of Qualcomm stock being thrown out.

Since then, the trend has returned to the flatness after the opening of the market again. Qualcomm's market is turbulent, and it fluctuates all the way down. Even if the stock price falls to the 7-meter mark, the stock price cannot get any strong support.

Selling orders have never stopped during the decline. Many stockholders who intend to continue to wait for high prices may feel that there will be no such good shipping opportunities in the short term after seeing the surge in Qualcomm's stock price. They have chosen to sell their Qualcomm shares.

"Today's trading volume seems to be larger than yesterday's. No matter how hard the last time is, the current trading volume has exceeded yesterday's full-day trading volume." Zheng Xiaopang said looking at the current daily chart of Qualcomm.

"We have pushed the high point to such a high level. It is normal for the trading volume to increase. What is needed now is to resist the accumulation around 7 yuan, and not give them the opportunity to cover their positions on dips." Chen Fan saw the activated With so many chips, I feel refreshed. After these stocks locked by some investors and institutions are activated, the market liquidity should be able to recover a lot.

"Good job, just stabilize the closing now." Chen Fan said to He Li and the others.

"I didn't expect them to be so courageous and directly pull such a high price." Sitting behind the desk, Kishimoto said after taking a sip of the cigar in his hand and exhaling the smoke.

"The effect seems to be very good, and some locked stocks seem to be released." Watanabe standing by the desk said hastily.

"Yeah, the effect is very good." Kishimoto sighed, "The tens of millions of chips we lost at the low position, judging from the current situation, we can't get it back easily."

Watanabe stood aside with a low eyebrow and did not dare to speak. What can I say at this time, the original plan was to suppress Qualcomm's stock price and build a further position at a low level, but it turned out to be cut off by a mistake.

However, at this time, Chen Fan was excitedly calculating the gains from this increase, and he didn't know that his intrusion had turned the action of lowering the share price of the increase from Watanabe's leadership into a manipulation under his leadership.

The subsequent market operation has not improved, and the momentum of the previous few days has been completely lost. Although individual stocks have jumped out from time to time and rushed higher, the sustainability of the market is not very good. Most of them have followed the path of Qualcomm and rushed After taking a breath, it began to fall back and build a bottom. At the close, the Nasdaq closed at 2 points, a drop of 419.17 points, and Qualcomm’s stock price also fell below 15 yuan, closing at 7 yuan, a sharp increase of 6.97% , the trading volume far exceeded that of the previous trading day, and the number of shares traded soared from nearly 13.33 million shares to nearly 3 million shares.

Now that Chen Fan has obtained 6200 million Qualcomm shares, it is obvious that another fund in the market should also have gained tens of millions of chips, and the rest are the stocks acquired by chasing funds.

In fact, Chen Fan has always been puzzled. Many institutions do not dare to enter the market to raise funds on a large scale. Instead, those short-term funds dare to bear the unknown consequences. , the action was also very vigorous, if they hadn't taken the lead, they might not have won those funds.

"Most of these chasing funds are traders under some investment companies. The funds they can control are relatively small, usually buying tens of thousands or hundreds of thousands of shares, so they can set a high price to ensure that the first Grabbing stocks in a short time, as for shipments, the amount of funds is small, and it is not comparable to our scale. They can leave at any time if they want, but we can't."

He Li replied in a low voice to Chen Fan's question, "As long as they can accurately grasp the in and out of intraday funds, they will not be afraid of being caught, because once the situation changes, the funds of the organization will definitely not be able to escape their stocks. Just let it go.”

Chen Fan could only nod his head, but he was still interested in the job of a trader. In his eyes, a trader should be similar to a retail investor. If he was bullish, he would build a position at a low position and wait for it to rise. After some explanations, I realized that part of the trader group is actually a group of short-term speculators.

These traders are hunting dogs who are constantly looking for prey in the market. After finding the target, they will stare at it. Once the target takes action, they will immediately enter the market to follow up, and once the trend goes down, they will immediately slip away. This is chasing up and killing in the market. The main force of the fall.

Because their income is closely linked to their realized profits, no one will look for undervalued stocks and carry out the so-called low-position building. When it comes to the pull-up stage, especially the final pull-up stage, there will be speculation on the stocks that the main force of the market will ship at any time. The risk is high but the return is also high.

Of course, this part of traders is not the highest proportion in the whole group. Because of risk issues, most traders are still used to looking for investment targets formed by trends, but occasionally they will try to launch actions against targets that are at reversal points Therefore, many people think that traders seem to be a group of short-term speculators regardless of risks. This view is actually wrong. Most traders only have their own trading principles, but occasionally they will make an exception to play a thrilling action.

Those with a small risk appetite like to mainly operate stocks, and those with a large risk appetite mainly operate futures, London gold, foreign exchange and other varieties.

However, Chen Fan was quickly confused by what He Li said. He had previously talked about the trading principles summarized by the traders himself, but in the end he suddenly changed his style and said: "Actually, these operating principles are the trading principles that traders themselves summed up after finishing the transaction. To sum it up, but most traders still operate according to their own feelings. Sometimes when we come down and chat nonsense, we also say that the trading principle is actually no principle. When we find an opportunity, we will act, and when we see the wind direction is not right, we will run away.”

"What you said earlier was to amuse me, what you say now is your truth." Chen Fan said with a smile.

He Li shook his head, "Many people in our business usually strictly abide by our own principles, but there will always be risky operations, and we will never let go of operations that we think have opportunities just because they are different from our previous operations."

"Feeling is the most important thing?" Chen Fan asked back.

"Yes, the main thing is the feeling." He Li also honestly replied, "I will summarize it after I finish it, hehehe"

"Then how does Qualcomm stock make you feel?" Chen Fan asked suddenly.

He Li was stunned for a while when he heard Chen Fan's question, but he quickly said: "That news is good news, but the stock price is a bit high now, if I were outside the market, I might not participate in the hype of this stock.

However, because I participated in the transaction of Qualcomm stock, I know that besides we are collecting chips, there are also funds in Qualcomm stock, which shows that at least our reasons for being optimistic about this stock are also accepted by peers, so we can do it.Although I don't know why Mr. Chen is optimistic about it. "

"Others want good things, so you can grab them, hehehe." Zheng Xiaopang, who was sitting on the side, suddenly interjected.

Hearing his tone, Chen Fan knew that Zheng Xiaopang was making fun of him again for participating in the auction's bidding principles, so he just smiled and didn't answer.

"After today's trading volume, if we continue to increase next week, do you think there will be so many stocks coming out?" Chen Fan should continue to ask questions about Qualcomm stocks.

"Probably not, unless there is still a rise of dozens of points, there may be a lot of stocks coming out, but if it rises normally, the trading volume should shrink, and it is impossible to continue to maintain the transaction in the past two days. There is a fixed number of stocks in the market, and it is impossible to come out without limit, and now it is estimated that there should be very few floating chips in the market, only tens of millions of shares." He Li replied after thinking about it.

"However, if the stock price continues to increase, the tens of millions of shares in the hands of speculators should change hands quickly, that is, the daily trading volume will still far exceed the usual volume, but it cannot be larger than these two days .”

He Li confided all his thoughts, and just wanted to give Chen Fan a hint. After all, he could tell after a few days of contact. Chen Fan seemed to be very good at finding targets and grasping opportunities, and didn't know much about the market. I am still in the novice learning stage, at least I should not have participated in such a trader, so there may be some ill-considered places.

However, he didn't dare to underestimate Chen Fan. The financial market is a wonderful place. Many people don't understand anything, but they can make money in the market. I don't recognize you as a doctor or a master, they are still as lucky as a dog.

Since he was arranged by the boss to listen to Chen Fan's instructions, he must have something extraordinary, so He Li did not dare to underestimate Chen Fan.

Moreover, since Chen Fan discovered Qualcomm until now, although I don’t know why Chen Fan is optimistic about Qualcomm stocks, it seems that buying a large number of Qualcomm stocks so far is not a wrong decision. At least one institution has similar operations, which shows that Chen Fan There is still market space for the bullish reasons for holding, and it can be accepted by other institutions. In this context, I am really not afraid of making mistakes.

This week's trading is over, but after chatting for a while, the results of the futures group's March contract have also come out. The accumulated long orders of the March contract have exceeded 3 lots, and the spread between the cost and the liquidation point is only 3 Points, a profit of 52 million degrees of rice came into the account.

It should be said that this transaction was actually a failure. When the Nasdaq futures were close to 2500 points, Chen Fan did not realize the disadvantages of his ability and missed a great opportunity. Otherwise, the profit would be at least more than 6 million yuan, or even 7 million yuan , That's a difference of tens of points.

Fortunately, the Nasdaq closed above 2400 in the end, and Chen Fan didn't let the futures trading team close their positions at a low level, which saved a lot of losses.

Chen Fan slapped his scared palms and said with a smile: "Then this week's deal is over, you all go back and rest first, and continue next week."

He Li and another trader got up and said hello to Chen Fan and Zheng Xiaopang before leaving the trading room.

"Hey..." Zheng Xiaopang sighed after seeing the two leave, "I didn't make much money from the March contract."

"It's not bad. If you close the position with all your strength as you said, the estimated profit is only 3 million." Chen Fan did not forget to hit Zheng Xiaopang. During that time, Zheng Xiaopang always wanted to close the position and leave the market. If he operates according to his meaning, the income will be reduced a lot.

"The market is changing, and who knows what is right." Zheng Xiaopang comforted himself.

But soon Zheng Xiaopang came out of his disappointment and asked Chen Fan: "Seeing what you mean, the market in April should be good?"

"The point must be much higher than it is now. This year's market is really different from previous years. I have been screened repeatedly at the beginning of the year. I don't know how scary the market will be in the second half of the year." Chen Fan just said that. I am also completely uncertain in my heart whether the market I imagined exists or not.

"Last year we all thought that the market would start off well this year, but it ended up like this." Zheng Xiaopang just shook his head and sighed.

"We don't have enough experience, haven't you thought of it yet? Don't look at the market has always been bullish and bearish, but I think there are still quite a few people who think the same as us. Everyone thinks that the market will start this year with a big market, so this year's market It’s gone like this, the main force of the market should have judged this long ago.”

Chen Fan was also thinking differently at this time, thinking that there should be too many people who are optimistic, so the main force of the market is hidden, just washing the market repeatedly, not wanting too many people to get on the car in the early stage of the market start.

Since bad news can’t frighten these people away, they can only spend it first. After all, the main force of the market has been planning the market for several years. It is impossible to just give up. It is nothing more than delaying the market for a while. The funds can't be stabilized by themselves, and they leave the market, which is when the market starts.

However, these were all guessed by Chen Fan himself, and he didn't know if it was true. After all, it was really hard to ask someone.

Chen Fan has also long forgotten when and what event stimulated him to feel that the rice stock market had a big market, and this feeling has been lingering in his heart until now.

However, Chen Fan feels that he seems to be quite accurate about these feelings. At least he has not found any mistakes so far, so he still fully accepts these ideas that he has come up with. At least now he has never doubted that the rice stock market once had a large scale. The current market exists, but the timing of its launch is hard to determine, and it may take a long time to wait, but as long as you participate, the benefits should be very considerable.

That’s okay, just keep waiting, maybe after completing this quotation, he will be able to officially graduate. After experiencing a complete quotation, he should learn a lot of things that are not in books, and the accumulated experience will be useful for life.
(End of this chapter)