legendary trader

Chapter 787 788 False

When the Hunter brothers were satisfied with their success in manipulating the price of silver, the masters behind those institutions that had lost a lot of money finally joined forces to kill them, directly modifying the loopholes in the trading rules of the exchange.

During the crazy purchase of silver by the Hunter brothers, the margin for each contract was only US$1000, and one contract represented 5000 ounces of silver.

At 2 USD/oz, 1000 USD is equivalent to 10%; but when the price rises to 49 USD/oz, it becomes pitifully small, so the exchange decided to increase the trading margin.

The board of directors of the exchange began to slowly implement the change of trading rules in view of the dire situation, but finally raised the margin to $6000.

However, among the partners of the Hunter Brothers, there are also financial owners, mainly to withstand the pressure of financing parties, and the price of silver remains high.

Later, the opponent simply didn't follow common sense, and directly used the huge market risk as an excuse to introduce the "only liquidation" rule. Under this new rule, new contracts cannot be traded, and transactions in the trading pool can only be Flatten out old positions already held.

Through continuous introduction of new trading measures such as increasing margins, implementing position restrictions, and only allowing liquidation transactions, the result is to reduce the amount of short positions and force those who force positions to either withdraw from the market or enter the spot market with positions. The cost will be high.

Under multiple blows, the two brothers finally couldn't bear it anymore and chose to compromise.

However, the incident was too big to end so easily.

Even if the silver price changes by 1 meter at this time, it will have a huge impact on the stability of the financial market, especially those big banks in the United States. They have huge loans to the Hunter Brothers. Once the silver price returns to a reasonable price, there will be a chain reaction. Also huge.

The final outcome was that the two brothers had an emergency meeting overnight with officials from the U.S. Ministry of Finance, and miraculously obtained a national loan of 10 billion yuan. Of course, this money was not for them to continue to maintain the high price BY market, but to deal with bank debts and guarantee Financial markets are stable.

During this period, it is unknown what kind of agreement they reached with the government, but in the end they found much-needed cash.

Of course, in the end, the two brothers lost almost all their property, leaving only the oil company left by their father.

In fact, this kind of manipulation was not only aimed at silver. They also did the same with soybeans before, but the Futures Regulatory Association at that time lost the lawsuit with the Hunter Brothers on the manipulation of soybean futures.

If there hadn’t been a drastic change this time, and they would have seized the Hunter Brothers’ sore feet and directly modified the trading rules to force the other party to pay the deposit if they couldn’t spend the most money. In fact, the final winner would most likely still be the Hunter Brothers.

Hearing Chen Fan mention the "Silver Incident", Zheng Xiaopang also fell silent.

Yes, as long as you can get the money you earn from Migu and leave, there is no need to smash the pot before you leave.

Once people also use some means to target them, Zheng Xiaopang knows that they are really fish on the chopping board.

With an investment of billions of yuan, at the peak, the value of their stock and futures positions exceeded 2 billion yuan. It is absolutely impossible to say that there is no violation of such a huge transaction.

In fact, why do they prepare a large number of unrelated securities accounts in advance, isn't it because they want to avoid some rules?

Although everyone actually does this, but once it is put on the bright side, how can they play?
As long as the source of funds is traced, it is easy to track them down. No matter how many accounts are used, the accusation of conspiring to manipulate market prices cannot be cleared. What's more, they did, and that is Qualcomm.

The previous decentralized trading was just a violation of the regulations, and it was evading some trading rules, but manipulating the stock price was not a violation of the regulations.

At that time, if people want to do it, it's not just round or flattened by others.

"Okay, this matter is settled like this, what to do, Xiaopang, you listen to Chen Fan, it is best not to cause trouble."

Xu Jing probably understood Chen Fan's concerns, but then she couldn't help laughing, "If the market really has room to fall, as long as you short it appropriately, and you're not the leader, it won't affect us anyway."

"Yes, I think so too. It depends on the situation. I can only say that there is no problem with a small amount of shorting in the end. According to Xiaopang, it is not okay to smash the market. At least it must be the main force. Let's help to earn some pocket money thing."

Chen Fan nodded, completely agreeing with Xu Jing's last words.

"Then you still have more than 6 empty orders in your hand. Are you planning to increase your position or is that all?"

Xu Jing suddenly asked again, you must know that before Chen Fan dared to bet on the market rebounding at that time, it was because there were tens of thousands of empty orders in his hand. Too much can only be regarded as offsetting the profit of empty orders.

But what Chen Fan meant was that he would not try his best to short rice stocks, so would he choose to continue to increase his short position in the future?
"Hehe. It's still the old rule. Control the number of our short orders according to the changes in the market's open interest. As long as the proportion is not high, no one will notice us."

Chen Fan said with a smile, "If you know that the market is rich and you don't take it, you will be punished by God. It's just that Xiaopang thinks that the leader will short the market, and we won't do it."

After lunch, Xu Jing didn't stay at the resort for long before leaving and went back to the imperial capital, where she still had her own work to deal with.

And Chen Fan and Zheng Xiaopang rested in the tea room for a while, and called He Li and other traders involved in the Qualcomm transaction. Chen Fan planned to tell them his idea first, and let them consider the feasibility and discuss how to proceed. operate.

It didn't take long for everyone to gather together.

Chen Fan asked He Li to bring a laptop, because his idea was related to the current Qualcomm trend chart. If they want to sell at least half of the stock in the next few days, they need to work together and think about how to cheat The lines are done perfectly.

Turn on the computer, click on the stock market, and Chen Fan put the daily chart of Qualcomm in front of everyone. In fact, everyone is very clear about the trend chart of Qualcomm. After all, I have been trading this stock recently. If you don’t know what the trend looks like Yes, that's too remiss.

"I'm calling everyone here at this time, mainly because I'm here to tell you the operation plan for the next few days, and you can also discuss how to make this operation more perfect."

Chen Fan was also very straightforward, telling them all about why he called them over.

"I hope that in the next two or three days, at least half of Qualcomm's stock can be kept, and the rest can be sold forever, and everyone's work will be completed. After all, I have been here for more than a year. Now, I think everyone is thinking that it's time to go on vacation."

Then, Chen Fan began to explain his thoughts to the trader.

"Because of everyone's previous efforts, the daily chart of Qualcomm looks good now. The previous platform is very deceptive and tempting. Tell me to organize the platform. Once the arrangement is completed and break through upwards, the future is limitless. My plan is to follow this. here.

In the market on Tuesday, a long lower shadow line was left on the daily chart, which almost directly pierced the bottom of the platform. , our K-line closed positive.

Then, the next step is to prepare for an upward breakthrough. After all, if there is no shock in the first two days of this week, our stock price may have been close to 80 yuan."

After Chen Fan continued to say a bunch of clichés, he quickly got straight to the point.

"The deceiving line before the false breakthrough, I think we pulled it up on Tuesday, and we still have to pull back on Wednesday and Thursday. The callback position is Tuesday's Yangxian, which is around 70 yuan, but there are many things to pay attention to in this callback. Just don't let the funds in the venue feel unsafe.

According to my analysis, the market may continue to rebound in the next few days. I am not worried about the market atmosphere, but we must pay attention to the stock price trend and not cause the market to sell orders. This requires your attention and careful planning.

During these two days, I do not make any requirements for the position reduction work. The focus is on Friday. I want to pull up the stock price and create the illusion of an upward breakthrough. At this stage, I will try to complete the reduction task. "

After Chen Fan finished speaking, he looked around the crowd. When discussing with Zheng Xiaopang before, although Zheng Xiaopang thought it was feasible, he didn't really believe that a false upward breakthrough could accomplish his goal of reducing half of his position. After all, it was tens of millions of shares. .

The operation is very difficult, Zheng Xiaopang can't speak at this time, waiting for those traders to think for themselves.

After being quiet for a while, Chen Fan and Zheng Xiaopang simply got up and left the tea room, and went outside to say that they were smoking a cigarette. After all, there are a few traders among them who don't smoke. In fact, they just left a private space for them to discuss first. , in case the two of them are here, it is difficult for some people to talk.

After staying outside for more than ten minutes and smoking a cigarette, Chen Fan wondered if he should go in, but Zheng Xiaopang held him back, "Wait a little longer, I think your goal is a bit difficult, I guess There may not be any results now, so don't be impatient."

Then he took out a cigarette and threw it to Chen Fan, "One more, if they have a result, someone will come out, then we will go in again, if no one comes out, let's talk about going in after this cigarette is finished Son."

Continuing to smoke, Zheng Xiaopang said again: "The market rebounded in retaliation yesterday, can the market hold today?"

"I think it's okay. Don't look at me saying that Qualcomm needs to adjust. That's because we pulled Qualcomm up yesterday. The market didn't turn green. It still fell by more than 1 point. The market can maintain a rebound trend."

Chen Fan smiled and said, although he doesn't know when the market will reach 4400 points, but Chen Fan feels that it should be these few days.

After being continuously suppressed by the short sellers, the rebound momentum of the market should be the strongest now. If you can’t make persistent efforts and continue to rise, then it will be a bit more difficult if you want to trade sideways above 4 points and then attack upwards. .

Especially when the market has plummeted once, and now investors have a string in their minds, they will definitely remain vigilant. Only by continuously pushing the market higher can they have a chance to relax their vigilance. This time it should be the market Good first-time shipping opportunity.

Not to mention the funds that entered the market last night. According to the information collected by Xu Jing, some international hot money has also entered the rice stock market this time, and is expected to leave after the weekend. They will not stay in the rice stock market for a long time. There is not much money invested in the gambling rebound for the first time.

"I'm afraid you have already thought about the point of lightening up the futures index?"

Zheng Xiaopang suddenly asked again.

"Start to reduce positions at 4300 points. Although I think the underlying stock market may rise even higher, it is best to start closing positions early on the futures index and slowly close positions, so as not to let everyone take action after getting the position. As a result, No one can beat anyone, although there are short sellers following, but if the rhythm is out of order at that time, to be honest, it is not impossible to take advantage of the situation to short the market again."

Chen Fan rolled his eyes now, as if thinking of something.

"How do you say, do you think there are still people in the market who dare to short?"

Zheng Xiaopang asked in surprise.

"I don't dare to do more than 3 points, but around 4400 points are fine, hehe."

Chen Fan paused here on purpose, and after a while, he continued: "At that time, the hot money was retreating. If the main bulls were not paying attention, and they were stolen again, and they were smashed around 4400 points, then the hot money might be gone." Bearish.

Unless the main force is really not shipped, they still have more room for the market to rise. "

"After we closed long positions, we immediately started to open short positions?"

Zheng Xiaopang asked again.

"It depends on the situation next week. I can't say it well. It depends on the trend of the market at that time, especially the shipment situation of Qualcomm here. If it is ideal, the short sellers have not completely surrendered."

Chen Fan said without thinking.

"What's the sign?"

Zheng Xiaopang asked curiously, he is like a curious baby now.

Until now, he didn't think so far. When the market was still rebounding, Chen Fan had already thought about what would happen after the peak.

After he got up and had dinner, he was still thinking about whether rice stocks would continue to rebound tonight, and how high could they go if they rebounded?

"There is an explosion in the futures index market, and if the futures index market increases again, there is a high probability that the situation I just mentioned will happen.

In fact, you may not have noticed that the reason why the short sellers decisively retreated this time was mainly because of the hot money that was watching outside the market at that time. This was an uncontrollable force. So there will be a reversal.

However, if it is more than 4 points this time, it is really hard to say which side those hot money will stand at the critical moment.

You must know that the news channels of those people should also be very powerful. What is the main fund in the market doing? Maybe they really have a channel to spy on the truth.

And if I were the short commander-in-chief, I would contact some hot money in the next two days and try to win them over."

Chen Fan continued to talk, and before he knew it, he ran out of cigarettes, but Zheng Xiaopang didn't feel the passage of time yet.

However, through Chen Fan's words, Zheng Xiaopang roughly understood the meaning behind Chen Fan's words.

(End of this chapter)