super energy power
Chapter 629 Falling Every Step
Huge pressure enveloped Hirano Hidetomo's heart, and it kept accumulating to the point that he could no longer bear it. .
Just as everyone focused their attention on the electronic board and guessed the reaction of the electronic board, Hirano Hidetomo staggered to the edge of the table, faced his seat, and gestured.
The newspaper delivery guy immediately ran over and sent all the information they collected just now to Hidetomo Hirano.
Hidetomo Hirano took it in his hand and looked at it at a glance.
The content on paper is simple and comprehensive, basically including all the latest confirmed news: the judgment of the reserves of the Aqijiu Oilfield, the judgment of the production of the Aqijiu Oilfield, the judgment of the quantity of spot crude oil accumulated by Dahua Industrial, and other There is an analysis of crude oil reserves in the Caspian Sea region made earlier by relevant financial research institutions, as well as a judgment on local crude oil production.
This information is difficult for traders to see when the price is manually called, because the transactions are so frequent and intensive, except for important matters, they are not allowed to read the materials at all, and the traders who participate in the electronic trading are also "traders". Otherwise, sit behind the computer and watch whenever you want.
Therefore, on-site electronic trading and manual trading seem to be doing the same and similar things, but due to differences in methods and procedures, they often lead to completely different results.
In some speculative activities with small fluctuations, the direction of electronic trading and manual trading may be just the opposite.
In more volatile speculative activities, the two are more likely to reinforce each other, resulting in greater volatility.
There was a golden light in front of Hirano Hidetomo.
It seems that the future that is tending to be bleak has released all the light.
Hidetomo Hirano pinched the delivery man's collar fiercely, and said in a vicious voice, "Where is the news from the trading company? Where are the instructions from the trading company?"
"The trading company has no new instructions." The newspaper delivery person is usually the first step to become a trader, and he is someone who understands the futures market. At this time, the British-Japanese man can't help but feel sad.
The superiors are good at shirking responsibility. Under the premise that the situation is irreversible, no one will give Hirano Hidetomo new instructions.
He was like a commander who was sent to the front to snipe at the enemy. He unexpectedly found that the number and firepower of the enemy were far greater than expected, and the friendly forces also formed an formation to protect themselves and refused to help... Even so, retreating will still be punished If you fail to complete the task, you will be punished, and if you lose too much, you will still be punished.
Hidetomo Hirano felt a sense of comprehension in his heart, and slowly loosened the neckline of the deliveryman, saying: "I see, who is operating the electronic disk?"
"Trader Kudo."
"Daisuke Kudo is a junior trader, right? Where are Trader Hase and Hirota?" Although he is also a novice, Hirano Hidetomo was transferred from the headquarters of the consortium, and he has experience and qualifications in using large amounts of funds. He was promoted to an intermediate trader with full trading authority.However, Daisuke Fuji, a junior trading employee who was promoted locally, was not so lucky. He had to go through at least three thresholds: newspaper deliveryman, trainee trader, and junior trader before he could touch the middle-level trader. On the premise that he has always demonstrated good performance and stop loss capabilities, senior traders will authorize him with a high amount.
In other words, Daisuke Fuji, a junior trading employee, is currently not qualified to read and use funds.All his actions must be executed according to the design of senior traders.
Sumitomo Corporation is a super conglomerate. It has 6 seats on the London International Petroleum Exchange alone. Two senior traders are responsible for each, and only they can decide the strategy of Sumitomo Corporation in the electronic market.
The deliveryman said uncomfortably: "Traders Changgu and Hirota are both on the phone in their offices."
"Why call at this time..." Hirano Hidetomo gritted his teeth and cursed, knowing that these two guys would never show up, and if it was him, he probably wouldn't show up now.
"Please work hard." The newspaper delivery man lowered his head, turned and ran away.
Hirano Hidetomo closed his eyes, took a deep breath, and returned to his battlefield.
The opening of the electronic market does not mean that the market is closed manually. In the afternoon, he still has a lot of transactions to do.
A trader rushed forward, holding the trading card higher than his head.
Hidetomo Hirano adopted a slow trading method as usual, but the oil price fell at twice the speed just now.
In just 10 minutes, oil prices fell below the $17 mark, down $1.22, close to a drop of $6.7.
For most traders, even if the stop loss line is not reached, it is almost there.
Unlike the crude oil futures market more than 10 years later, the two major oil exchanges in the mid-90s had significantly slower trading frequency, and the transaction amount was far less than that of the crude oil exchange after the mainstreaming of electronic trading. A fluctuation of around US$1.5 is considered powerful. Well, throughout 1993, the price of crude oil rarely fluctuated above $2.
In addition to this, there are many backgrounds such as the expected OPEC production cuts, the strong recovery of the US economy, and the maintenance of North Sea oil fields.
If Hirano Hidetomo was an intermediary executive trader, even if he didn't sell short, he would wait and see.
But he is not.
He is a self-operated trader who uses the company's own funds to make transactions. If the oil price collapses, the long positions accumulated in the past few days, plus today's payment, the loss is estimated to make the headquarter of the trading company terrified.
Hidetomo Hirano had nowhere to go, so he couldn't help looking up at the Sumitomo seat on the second floor, gritted his teeth and thought: Since you don't talk, let me continue to buy and see who can't stand it first.
Looking back, Hirano Hidetomo simply speeded up the payment.
As his proficiency improved, the trading volume in the artificial pool also increased a lot, and Milton the vulture was even squeezed out, surrounded by traders from all sides who were starving for food.
As the only active multi-seller in the artificial outcry trading pool, Hidetomo Hirano can be described as the "mainstay". If it weren't for his resolute actions, the oil price might have slipped to $16.Whether it was out of self-preservation or a wait-and-see attitude, the two senior traders of Sumitomo did not come forward.A few days ago, it was Hidetomo Hirano's idea to bet against the Pan-Asian Fund, but they all agreed. In an institution like the exchange, where senior traders are in charge, the price of oil plummeted in reverse, which is good for Hidetomo Hirano Disaster, for advanced traders as well.
Hirano Hidetomo is willing to jump out to block the thunder, how can the two stop it.
However, it is still difficult for Sumitomo Corporation alone to digest the new news of an oil field with a daily output of 15 barrels.
For example, 9408 is the crude oil contract delivered in August 94, 8 is the crude oil contract delivered in September 9409, and 94 is the crude oil contract delivered in October 9. Old crude oil futures All traders know that a newly discovered high-yield oil field will definitely increase its production after two or three months, not to mention that the Aqijiu oil field is only one of the 9410 unprecedented oil fields released by Azerbaijan. One, and Azerbaijan is one of the countries in the unprecedented oil-rich Caspian Sea.
The association brought about by this cannot be resolved without tens of billions of funds.
Although Sumitomo Corporation can afford this amount of money, Hirano Hidetomo's authority is only [-] million US dollars.
Even the [-] million US dollars was used by him without permission, and he had to make a list after the end.
Calculating with his fingers, his ammunition was consumed by this resistance, and Hidetomo Hirano had to pretend to be unpredictable.
At 11:45, Hidetomo Hirano quietly breathed a sigh of relief, and the trading in the trading pool was also suspended for more than ten seconds.
Then, the 9410 contract on the electronic screen fell, dropping cents.
That is to say, Sumitomo Trading Co., Ltd. lost 00 million US dollars in an instant.
At the same time, $16.68 also reached the stop loss line of Enron trader Grete.
Stop loss is the life of a trader.Financial firms are willing to put up with the eccentricities of stressed traders.Flying from Paris to London every week like ikill?Yes, it will be reimbursed according to transportation expenses.Collect beetles like Rockefeller?No problem, any employee who dares to scream will be fired.Repair clocks like Clemie Spangler? ok, staff who find it too noisy wear earphones by themselves.
Only stop loss is a high-voltage line that no financial company allows traders to step on.
If the level is not enough, the most is the loss of funds, and the end of not stopping the loss is the dead Bahrain Bank.
Enron trader Grant glanced at the electronic screen on his waist. After confirming the order, he put his right hand flat, as if cutting his throat, and gestured twice under his neck.
This is what it means to "close a position".
Grant looked sorry and shook his head at Hidetomo Hirano.He did not sell the contract above the stop loss line, which is already the biggest support. The upper management of the company is unwilling to lower the stop loss line, so he can only make a decision to close the position.
A second later, Hidetomo Hirano realized that Enron had withdrawn from Dufang, and his eyes immediately turned red.
Enron holds at least 3 million US dollars of crude oil contracts, and selling them in one go will have a fatal blow to the market.
The most important thing is that there are no takers now, and Hidetomo Hirano is almost the only active long left in the market.
Occasionally a sales trader or two places an order for a client, not enough to swallow hundreds of millions of dollars in contracts.
The curves on the electronic screen, from 9411 to 9408, stumbled one after another, especially the 9410 contract, which dived directly to 16.12.
Hidetomo Hirano could not let the oil price drop to 16 dollars, so he took the order while pinching his nose. In this round of trading, the oil price actually rose slightly and returned to the price of 16.34.
However, Hidetomo Hirano is also running out of funds.
Hidetomo Hirano raised his head again and looked at the second floor. He hoped that the price of 16.34 per barrel would be all the funds needed to digest the Aqijiu Oilfield.
Hirano Hidetomo closed his eyes as if praying.
Open it again, and saw Milton, the tall bald European, smiling like a vulture.
"This is how Milton the vulture came here." Hidetomo Hirano groaned, but no one could hear him in the noisy trading pool.
……
Just as everyone focused their attention on the electronic board and guessed the reaction of the electronic board, Hirano Hidetomo staggered to the edge of the table, faced his seat, and gestured.
The newspaper delivery guy immediately ran over and sent all the information they collected just now to Hidetomo Hirano.
Hidetomo Hirano took it in his hand and looked at it at a glance.
The content on paper is simple and comprehensive, basically including all the latest confirmed news: the judgment of the reserves of the Aqijiu Oilfield, the judgment of the production of the Aqijiu Oilfield, the judgment of the quantity of spot crude oil accumulated by Dahua Industrial, and other There is an analysis of crude oil reserves in the Caspian Sea region made earlier by relevant financial research institutions, as well as a judgment on local crude oil production.
This information is difficult for traders to see when the price is manually called, because the transactions are so frequent and intensive, except for important matters, they are not allowed to read the materials at all, and the traders who participate in the electronic trading are also "traders". Otherwise, sit behind the computer and watch whenever you want.
Therefore, on-site electronic trading and manual trading seem to be doing the same and similar things, but due to differences in methods and procedures, they often lead to completely different results.
In some speculative activities with small fluctuations, the direction of electronic trading and manual trading may be just the opposite.
In more volatile speculative activities, the two are more likely to reinforce each other, resulting in greater volatility.
There was a golden light in front of Hirano Hidetomo.
It seems that the future that is tending to be bleak has released all the light.
Hidetomo Hirano pinched the delivery man's collar fiercely, and said in a vicious voice, "Where is the news from the trading company? Where are the instructions from the trading company?"
"The trading company has no new instructions." The newspaper delivery person is usually the first step to become a trader, and he is someone who understands the futures market. At this time, the British-Japanese man can't help but feel sad.
The superiors are good at shirking responsibility. Under the premise that the situation is irreversible, no one will give Hirano Hidetomo new instructions.
He was like a commander who was sent to the front to snipe at the enemy. He unexpectedly found that the number and firepower of the enemy were far greater than expected, and the friendly forces also formed an formation to protect themselves and refused to help... Even so, retreating will still be punished If you fail to complete the task, you will be punished, and if you lose too much, you will still be punished.
Hidetomo Hirano felt a sense of comprehension in his heart, and slowly loosened the neckline of the deliveryman, saying: "I see, who is operating the electronic disk?"
"Trader Kudo."
"Daisuke Kudo is a junior trader, right? Where are Trader Hase and Hirota?" Although he is also a novice, Hirano Hidetomo was transferred from the headquarters of the consortium, and he has experience and qualifications in using large amounts of funds. He was promoted to an intermediate trader with full trading authority.However, Daisuke Fuji, a junior trading employee who was promoted locally, was not so lucky. He had to go through at least three thresholds: newspaper deliveryman, trainee trader, and junior trader before he could touch the middle-level trader. On the premise that he has always demonstrated good performance and stop loss capabilities, senior traders will authorize him with a high amount.
In other words, Daisuke Fuji, a junior trading employee, is currently not qualified to read and use funds.All his actions must be executed according to the design of senior traders.
Sumitomo Corporation is a super conglomerate. It has 6 seats on the London International Petroleum Exchange alone. Two senior traders are responsible for each, and only they can decide the strategy of Sumitomo Corporation in the electronic market.
The deliveryman said uncomfortably: "Traders Changgu and Hirota are both on the phone in their offices."
"Why call at this time..." Hirano Hidetomo gritted his teeth and cursed, knowing that these two guys would never show up, and if it was him, he probably wouldn't show up now.
"Please work hard." The newspaper delivery man lowered his head, turned and ran away.
Hirano Hidetomo closed his eyes, took a deep breath, and returned to his battlefield.
The opening of the electronic market does not mean that the market is closed manually. In the afternoon, he still has a lot of transactions to do.
A trader rushed forward, holding the trading card higher than his head.
Hidetomo Hirano adopted a slow trading method as usual, but the oil price fell at twice the speed just now.
In just 10 minutes, oil prices fell below the $17 mark, down $1.22, close to a drop of $6.7.
For most traders, even if the stop loss line is not reached, it is almost there.
Unlike the crude oil futures market more than 10 years later, the two major oil exchanges in the mid-90s had significantly slower trading frequency, and the transaction amount was far less than that of the crude oil exchange after the mainstreaming of electronic trading. A fluctuation of around US$1.5 is considered powerful. Well, throughout 1993, the price of crude oil rarely fluctuated above $2.
In addition to this, there are many backgrounds such as the expected OPEC production cuts, the strong recovery of the US economy, and the maintenance of North Sea oil fields.
If Hirano Hidetomo was an intermediary executive trader, even if he didn't sell short, he would wait and see.
But he is not.
He is a self-operated trader who uses the company's own funds to make transactions. If the oil price collapses, the long positions accumulated in the past few days, plus today's payment, the loss is estimated to make the headquarter of the trading company terrified.
Hidetomo Hirano had nowhere to go, so he couldn't help looking up at the Sumitomo seat on the second floor, gritted his teeth and thought: Since you don't talk, let me continue to buy and see who can't stand it first.
Looking back, Hirano Hidetomo simply speeded up the payment.
As his proficiency improved, the trading volume in the artificial pool also increased a lot, and Milton the vulture was even squeezed out, surrounded by traders from all sides who were starving for food.
As the only active multi-seller in the artificial outcry trading pool, Hidetomo Hirano can be described as the "mainstay". If it weren't for his resolute actions, the oil price might have slipped to $16.Whether it was out of self-preservation or a wait-and-see attitude, the two senior traders of Sumitomo did not come forward.A few days ago, it was Hidetomo Hirano's idea to bet against the Pan-Asian Fund, but they all agreed. In an institution like the exchange, where senior traders are in charge, the price of oil plummeted in reverse, which is good for Hidetomo Hirano Disaster, for advanced traders as well.
Hirano Hidetomo is willing to jump out to block the thunder, how can the two stop it.
However, it is still difficult for Sumitomo Corporation alone to digest the new news of an oil field with a daily output of 15 barrels.
For example, 9408 is the crude oil contract delivered in August 94, 8 is the crude oil contract delivered in September 9409, and 94 is the crude oil contract delivered in October 9. Old crude oil futures All traders know that a newly discovered high-yield oil field will definitely increase its production after two or three months, not to mention that the Aqijiu oil field is only one of the 9410 unprecedented oil fields released by Azerbaijan. One, and Azerbaijan is one of the countries in the unprecedented oil-rich Caspian Sea.
The association brought about by this cannot be resolved without tens of billions of funds.
Although Sumitomo Corporation can afford this amount of money, Hirano Hidetomo's authority is only [-] million US dollars.
Even the [-] million US dollars was used by him without permission, and he had to make a list after the end.
Calculating with his fingers, his ammunition was consumed by this resistance, and Hidetomo Hirano had to pretend to be unpredictable.
At 11:45, Hidetomo Hirano quietly breathed a sigh of relief, and the trading in the trading pool was also suspended for more than ten seconds.
Then, the 9410 contract on the electronic screen fell, dropping cents.
That is to say, Sumitomo Trading Co., Ltd. lost 00 million US dollars in an instant.
At the same time, $16.68 also reached the stop loss line of Enron trader Grete.
Stop loss is the life of a trader.Financial firms are willing to put up with the eccentricities of stressed traders.Flying from Paris to London every week like ikill?Yes, it will be reimbursed according to transportation expenses.Collect beetles like Rockefeller?No problem, any employee who dares to scream will be fired.Repair clocks like Clemie Spangler? ok, staff who find it too noisy wear earphones by themselves.
Only stop loss is a high-voltage line that no financial company allows traders to step on.
If the level is not enough, the most is the loss of funds, and the end of not stopping the loss is the dead Bahrain Bank.
Enron trader Grant glanced at the electronic screen on his waist. After confirming the order, he put his right hand flat, as if cutting his throat, and gestured twice under his neck.
This is what it means to "close a position".
Grant looked sorry and shook his head at Hidetomo Hirano.He did not sell the contract above the stop loss line, which is already the biggest support. The upper management of the company is unwilling to lower the stop loss line, so he can only make a decision to close the position.
A second later, Hidetomo Hirano realized that Enron had withdrawn from Dufang, and his eyes immediately turned red.
Enron holds at least 3 million US dollars of crude oil contracts, and selling them in one go will have a fatal blow to the market.
The most important thing is that there are no takers now, and Hidetomo Hirano is almost the only active long left in the market.
Occasionally a sales trader or two places an order for a client, not enough to swallow hundreds of millions of dollars in contracts.
The curves on the electronic screen, from 9411 to 9408, stumbled one after another, especially the 9410 contract, which dived directly to 16.12.
Hidetomo Hirano could not let the oil price drop to 16 dollars, so he took the order while pinching his nose. In this round of trading, the oil price actually rose slightly and returned to the price of 16.34.
However, Hidetomo Hirano is also running out of funds.
Hidetomo Hirano raised his head again and looked at the second floor. He hoped that the price of 16.34 per barrel would be all the funds needed to digest the Aqijiu Oilfield.
Hirano Hidetomo closed his eyes as if praying.
Open it again, and saw Milton, the tall bald European, smiling like a vulture.
"This is how Milton the vulture came here." Hidetomo Hirano groaned, but no one could hear him in the noisy trading pool.
……
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