legendary trader

Chapter 449
When Qualcomm's share price was lowered by 8 million yuan, the trend of continued decline in the stock price was irreversible.

For Qualcomm's shareholders, the stock price fell below 8 million yuan, and their confidence in holding shares was severely damaged. Although most stock holders still plan to wait and see for a while, confirm whether the downward trend is really established, and whether it is just a market There was a washout by the main force, but there were still a small number of shareholders who chose to sell decisively, whether it was to take profit or stop loss, and the number of Qualcomm stocks entering the market began to increase.

At this time, the Nasdaq index caused investors to collapse even more. After the Nasdaq fell below 2400 points, not only did it not show any signs of wanting to stop the decline and rebound, but it showed an accelerated decline. The hozens scattered and fought each other. The Nasdaq quickly fell below 2390 points and 2380 points, and the market was in a diving state.

Chen Fan spotted this trend, and said to He Li and Zheng Xiaopang again: "Suppress the stock price, any buying orders that enter the market now will be wiped out in one gulp, there is no room for people's daydreams, and the market must be more ruthless."

At this moment, He Li and the others have lost all the chips in the new account, so they can only use the Qualcomm stock price in the old account to continue to smash the market.

According to Chen Fan's meaning, He Li and the others kept suppressing Qualcomm's stock price, and they didn't hesitate to knock out the buying orders of tens of thousands of shares accumulated in the market. Soon the market also discovered that as long as the buying orders appeared on Qualcomm's It will attract the active attack of selling orders, and the funds willing to enter the market to bet on a rebound are more cautious, and the willingness to enter the market quickly retreats. Even the buy orders for thousands of shares in the market have almost disappeared.

After Qualcomm's stock price was suppressed below 7.9 yuan, Chen Fan asked He Li and the others to stop and began to enter the market with small orders to collect chips.

The Nasdaq Composite Index fell below 2400 points and then continued to dive down to 2356.27 points before showing signs of stabilization. At the bottom, there was a short-term sideways trend, and the trading volume also hit a new low for time-sharing transactions today.

The downturn in the broader market has had a considerable impact on Qualcomm’s stock price. At least until now, except for some big buy orders when it fell below 8 yuan, almost all of them are sporadic buying, and the number of buying is also very small.

There are not many buying orders, but the selling orders above are increasing rapidly. The visible selling orders of thousands of shares at a few price levels will soon skyrocket to tens of thousands of shares, 10,000+ shares.

Through observation, Chen Fan has noticed that there seems to be a phenomenon that some high-order orders choose to cancel orders and lower orders, because it is not because there is a sudden decrease in selling orders at third and fourth prices, although they gradually increase later, but these cancellations are not What did they do, what did those people cancel the order.

Although Chen Fan wasn't sure whether the sell orders at low selling prices would increase rapidly after this phenomenon occurred, or whether those orders were withdrawn and re-listed, but it still felt very likely.

Investors who hold Qualcomm stock have already started to leave the market in a hurry, and Chen Fan also asked He Li and the others to increase their buying efforts. Of course, the buying will not be to use active buying orders to eat into the upper selling orders, usually just Put up the buy order below and wait for the transaction.

After a certain price is knocked down by the selling order, when the selling order does not accumulate quickly, the small order quickly regains the lost ground, causing the illusion of a little shock on the market, but it will never pull up the stock price, not just because of fear of restoring confidence in holding shares , It is also because the market is weak at this time, and this operation is the best way to realize cash.

However, as the market became more and more stable, individual stocks in the market began to rebound gradually after a period of sharp decline, and the Nasdaq also began to recover slowly. Although the speed was very slow, the index did start to rise, but it was still painful because the trading volume did not match. , a little sign of weak growth.

As the market rebounded, Qualcomm's share price would naturally show some performance. He Li and the others began to increase the number of purchases. Qualcomm's stock price also rose penny by penny from 7.82 yuan. However, compared with the market, Qualcomm's trading volume It's much better, after all, what power do they have to buy stocks in the end, and the rise in stock prices is all piled up with money.

The infinite rebound of the Nasdaq only rose to around 2370 points and there was no strength to continue. With the weakening of the broader market, Qualcomm's share price also began to fall from 7.91 yuan.

Afterwards, Chen Fan and the others continued to buy stocks with small orders in the downturn of the market, and he didn't care about the market at all.

"I knew that the market would be like this. We should have shipped some goods when it was around 2500 points. We lost a lot in this kind of decline."

Zheng Xiaopang suddenly said to Chen Fan, he still remembered that Chen Fan said that the market should return to 2600 points again, so he did not say that he was clearing his position and leaving the market, but instead reduced his holdings in the market and covered at a low position .

Chen Fan nodded. He also thought about this question. In fact, Chen Fan also considered this matter in the first quarter. He held a large number of stocks. It's so little that I don't think it is, but now that there is more money being manipulated, I feel that it is indeed a waste.

However, at that time the main force of the market was washing the market, and the time was very tight, so it was not easy to increase and decrease positions. The current situation is actually similar to that at that time, because he did not know where the low point of the market’s correction was, and there was no way to make this money. spread.

"I can't help it. I can't see through the plans of the main force in the market. I don't know where they plan to go. Moreover, I don't know if we have been implicated this time, hehehe." Chen Fan glanced at He Li before whispering to Zheng Xiaopang smiled.

"What do you mean? You mean the main force can't protect the market anymore?" Zheng Xiaopang asked hastily.

"I don't know, maybe I followed the trend. There is no sign of a large-scale reduction of funds in the market. I don't think the main force has left the market, and I don't even plan to leave the market. I don't understand what happened now. Wait until this week After finishing, let's go to Shencheng to have a look and rest for a few days, and you need to rest even if you continue to trade stocks, otherwise mental fatigue will affect your state."

Chen Fan said that he has already planned to go to Shencheng in the next half month to check the situation of the Internet company, and just stay away from the market and command by remote control. Continuous work really makes him feel very depressed and needs to relax.

Afterwards, the market started to oscillate, and the overall intraday trend continued to fall, but there were several small rebounds during the period, but they all lacked the cooperation of trading volume. Obviously, they were all self-rescue actions of funds on the market. The main force that can really control the market is not They didn't take action to save the market, maybe they feel that the current market decline is beneficial to them.

It is also because of this that Chen Fan judges that the current main force in the market has no plans to start the market in the second quarter. Although he can only see the approximate point at this time next month, he can imagine how much more it will go in the last month of the second quarter. Strong Quotes to come.
In the following time, Chen Fan wandered between the market and individual stocks, observing some transaction details, and at the same time urged He Li and the others to seize the time to collect chips. The stocks that were finally cheated out should not be wasted, and only this day can With this operation, I believe that after today's market crash, companies related to the "Year [-] Bug", especially listed companies, will definitely respond.

The news released by Chen Fan should be said to have hit the market hard. The Nasdaq led the three major indexes in the market, and the high-tech listed companies led the market sharply. It seems to be liquidating the rise of technology stocks in the past few years.

Until the close, the Nasdaq failed to form a strong rebound trend, and almost closed at 2 points, the second low of the day, down 345.61 points, or as high as 138%.

Qualcomm's share price has doubled the decline of the index. It closed at 7.79 yuan, down 1.12 yuan throughout the day, a drop of 12.57%, and the turnover reached 9754 million yuan. Below the concentrated 8m yuan, it can be seen how much today's market trend has hit Qualcomm investors' confidence in holding shares.

He Li and the others were exhausted from tonight's operation. At the opening of the market, they placed continuous orders to suppress, and later they made continuous quotations to buy stocks, with almost no rest time in between.

Although Chen Fan has a trading robot in his hand, he has no plans to use it yet.

After the market closed, he asked He Li to type up all the trading details of their Qualcomm stock operations tonight. He planned to study and study when he had time, and find ways to make profits in quick trading. Although the chances seem slim now, in fact He also found that such an operation has great limitations, and it can only be effective when the trend is clear and the price moves according to the trend, but he still plans to try it to see if he can find a trick.

Let He Li and the others go back to rest. They were exhausted today, but Chen Fan did not leave the trading room. Zheng Xiaopang was going to leave, but seeing that Chen Fan was still sitting there and had no intention of going back, he still stayed behind, muttering in his heart. See what else is up.

Soon he noticed that Chen Fan was watching the transaction of Qualcomm stock tonight. It was obvious that he was calculating numbers from time to time. Zheng Xiaopang asked curiously, "What are you calculating?"

Chen Fan looked up at Zheng Xiaopang, "I'm thinking about how to operate to reduce the amount of funds used. If possible, I'd better make some small money."

After hearing Chen Fan's words, Zheng Xiaopang didn't understand for a while, but just looked at him suspiciously.

Seeing his eyes, Chen Fan smiled and said, "Look, our operation has always been to buy stocks at low prices, and then wait for others to push them higher, and we will find a chance to leave the market."

Speaking of which, Chen Fan spread his hands and looked at Zheng Xiaopang with a smile, "But it can't work now, like Qualcomm, we are now the driving force behind this stock, we bought at a low price, who else can you expect to drive up the stock price? Only ourselves."

"I understand this, let's continue." Zheng Xiaopang looked at Chen Fan with a frown, without saying anything.

"Being in the dealership must be to buy chips at a low price, and find a way to raise them to a higher price and sell them. I am now thinking about how to raise them, and how to raise them so that I can spend less money. For example, what we did tonight, buying chips in the market Buying stocks can push up the stock price, but if the funds are tight, we can buy and sell at the same time to let the funds roll up, so as to spend the least amount of money to complete the goal of raising the stock price.”

Chen Fan said, "Of course, we did the opposite tonight. We bought and sold it. If we raise the stock price, we sell it. It's actually a truth."

"Didn't He Li say that this is just a matter of trading skills. After a few years we will get familiar with it and know how to operate." Zheng Xiaopang said with a curled lip, his tone full of indifference.

"You didn't see that tonight, He Li and the others are as tired as dead dogs. If there are some stocks that are not convenient for outsiders to intervene in the future, just a few of us, do you want to do the same?"

Chen Fan looked at Zheng Xiaopang and said with a smile, "We have a trading robot in our hands. As long as we find some trading skills and find a way to design it into a program for automatic trading, have you thought about what will happen?"

"Wait, you want to make an automatic trading program. The amount of information is a bit large. Let me go first." Zheng Xiaopang interrupted Chen Fan hastily, and began to think with his head down.

After a while, Zheng Xiaopang suddenly raised his head and said, "This can be done, but it may be very troublesome. It is impossible to do it in a short time. There are too many things to consider."

"What are you thinking about? Finding trading skills, where are you going?" Chen Fan said angrily.

"You idiot, there is a lot of room for manipulation here, it seems that you only want to use this when you are a banker, hehehe"

Zheng Xiaopang sneered and stared at Chen Fan, but didn't continue talking.

Chen Fan waited for a while, seeing that Zheng Xiaopang was still like this bird, he didn't intend to solve the mystery by himself at all, and he didn't mean to ask, "If you like to talk, don't talk about it, why pretend to be 13 here."

Seeing that Chen Fan didn't follow the question, Zheng Xiaopang also felt that it was very boring, so he could only say to himself: "You only think that it can be used when you are a banker. When you raise or lower the stock price, I don't think so. If some For stocks with relatively stable fluctuations, in fact, as long as the fluctuation can cover the transaction costs, we can also do it in a small fluctuation space. For example, if a certain stock fluctuates by 1 cents, the transaction costs will be completely covered, and we can take this opportunity Buy low, sell high, and let the bots do the trading automatically."

"This operation won't work." Chen Fan shook his head, "Whoever you are stipulates the fluctuation space, a slight change may make a lot of money or a big loss."

Zheng Xiaopang still laughed and said: "I'm not talking about all stocks, but for specific objects, such as the Zhuang stocks we make ourselves. You can't always pull up or suppress them. There must be a sideways stage in the middle. At this time Robots can also be used to automatically trade, which not only increases the activeness of market transactions, but also earns some price difference.”

After a short pause, he continued: "As for other stocks, you must be more confident in starting the robot. If you are not familiar with it, you must not use it indiscriminately."

Chen Fan nodded slightly when he heard the words, "It makes sense, it seems that who is going to want that?"

"Who is it?" Zheng Xiaopang asked.

"It's the one I dug up back then, the one who worked on the automatic trading program, what's the name, I forgot the name after a long time." Chen Fan frowned and thought.

"You mean Xiao Lu and Xiao Yang, one engineer and one programmer." Zheng Xiaopang said.

"Send them here, come in the imperial capital, and develop technology."

(End of this chapter)