American Ranch

Chapter 283 Standard Gambler
"By the way, the shares of Baboner's company have been unfrozen..."

Chen Mo took out his phone and looked at it...

U.S. stocks rose across the board, coupled with a stronger dollar.

At the beginning of the year, Chen Mo purchased 500 million shares of Barbona Company from Waylon Company...

The 500 million shares originally belonged to Waylon Company, and Chen Mo subscribed at a price higher than the market price, 7.5 US dollars per share.

I thought that the financial crisis was coming, or that I would have to wait until the end of the year to sell to get back the cost... Now the stock price of Barbona Company is 8.7 US dollars per share.

Chen Mo sold 10 shares first, and then 20 shares...

"This stock has been bought?"

Chen Mo tried 50 shares again, but they were bought out in an instant.

Chen Mo set a price for the remaining 430 million shares to sell automatically, and opened the gold market...

The current price has reached $1193.71.

Chen Mo made a phone call to the bank, applied for opening a warehouse, and directly threw 1.1 million US dollars into it...

Recently, I have been watching Ellie's trading, and Chen Mo has already figured it out.

Build a position first, the position should not be too high, there must be enough operating space...

Build a good cabin at the position of 1196.65, 3 lots, buy down.

The general trend, Chen Mo believed in Ai Li's judgment...but he didn't expect...

Just entering the market immediately ushered in a rise.

1196, returned to 1197 in a few minutes...Chen Mo was stunned, and entered 1198...$1199...

London gold is spot gold, and New York gold is futures gold.

The trend of the two markets is different, but the price gap is not big.

3 lots may seem like a small amount, but with leverage, more than 30 billion US dollars of funds can be mobilized.

A butterfly flapping its small wings can cause a big storm, let alone more than 30 billion...

Chen Mo was a little confused, but luckily he didn't break through 1200 US dollars, so he was called back by the airdrop... until the end of the evening, the price stayed at around 1195.30 US dollars in the last few minutes.

The opening of the next day ushered in a sharp drop.

After that, the trend probably returned to normal.Chen Mo also discovered that the trend of spot gold and New York gold is basically the same, but the price fluctuation of spot gold is obviously greater than that of futures gold...

Futures gold prices fluctuate relatively little.

The price of spot gold fluctuates greatly... This shit is obviously eating up accounts with insufficient margin...

If you only have $1000, make one lot.Or if you have 10 US dollars to make 100 lots, these accounts, if you don’t pay attention to them under the big fluctuations, they will be eaten up to nothing...

Chen Mo has sufficient security funds in his account. In the following time, although the price occasionally rose to 5 US dollars, under the general trend, the price of gold has been falling.In particular, the United States has released employment data again, and the unemployment rate has reached a low point in nearly three years...

Enter the spot gold market, millions of dollars in minutes.The price of gold has risen occasionally, but has been falling under the general trend...

……

On Friday, looking at the price of gold in London, the U.S. market should open at around $1168.

Chen Mo didn't sleep much all night. He opened his eyes in the dark, looked at the ceiling, and glanced at his phone from time to time...

Hundreds of times of leverage, hundreds of times of temptation, and hundreds of times of fear.Especially in the case of huge funds, Chen Mo finally understands why Ellie has a gambler mentality in the actual operation...

"Honey, the total value of the account is 1.1831 million U.S. dollars. I'm going to close out the short sale, and hold more funds to protect the upside..." Ellie got up early in the morning, and brought cereal goat milk to Chen Mo, said .

"Well. How many price increases do you have?"

"1.85 lots."

"Spot gold, why don't you wait until the low point to buy the bottom directly..." Chen Mo remembered that his 3 lot order was easily opened.

Ellie opened her mouth, a little speechless: "Our family is not the only one waiting to buy the bottom. Spot gold is very large, but it is not unlimited."

Spot gold is a market maker transaction, which means that you can smoothly facilitate the transaction at any time if you want to buy or sell, but...buying and selling also have a stable range.If there is a big market...for example, now, it is 1168 US dollars, which is already a very low position in recent years.

It takes patience to wait for the big market. If you have enough funds, it is always right to prepare in advance.

After Ai Li left, Chen Mo didn't feel sleepy either. He leaned against the head of the bed with his clothes on, staring at the ceiling in a daze...

My head is empty, I don't know what to think.

Ellie's mentality has been adjusted, but Chen Mo's mentality is a little bit elevated.

At the position of 1196.65 US dollars, Chen Mogu sold 3 empty hands.

what does that mean……

For every dollar that 1 ounce of gold dropped, Chen Mo made a net profit of 1 million.

Ellie's estimate is that the price of gold could fall to around $1150.

It is only $1168 now, and there may still be a drop of more than ten dollars, that is tens of millions.

After a whole year of hard work running the ranch, he only earned tens of millions.And now, every day is just playing and playing...

After lying down for a while, the U.S. gold market opened, and the price of gold fell again.Chen Mo went to the refrigerator to get a bottle of mineral water, and suddenly saw Ellie's sticker on the refrigerator: Don't be greedy...

On the coffee table, in front of the computer desk...

'The profit you get is the profit, and the numbers on paper are just floating clouds'.

'Greed is the devil, you must restrain your desire'.

There are many similar posts in the room, all of which are Ellie's self-criticism.

This week, Ellie will review herself every day when she comes back, what did she do wrong today.At any other point, there is an urge to give it a go...

Ellie is indeed a genius. Billions of numbers can be calculated in a second or two.And it's very sensitive to curve numbers...

But spot gold is not a calculation problem after all.The calculated things, combined with the team's intelligence data analysis, can draw a general trend.There are many people who can predict the general trend, but in specific operations, only those who can restrain their desires and persevere will be the final winners.

Ellie has done a good job in trading, and the initial madness and restlessness have gradually restrained.And restrained the self-confidence of genius...

On the contrary, it was Chen Mo who was restless.

Entering the spot gold market, Chen Mo felt as if he had discovered a new continent... The money in this market is as if no one wants it, casually... It's faster than picking up money or grabbing money.

Chen Mo walked back and forth restlessly in the living room, feeling both excited and terrified. Before he knew it, it was almost noon, and the phone on the table rang suddenly, which startled Chen Mo.

"Hey, come here quickly. Old Rome and I will go to the pier in the North Bay area. Come here quickly." Bai Xiaoou said excitedly on the phone.

"Well, come here right now."

"Hurry up, neither Lao Luo Ke nor I have a yacht driver's license. The newly bought yacht is specially licensed for you."

"Go away... come right away."

After hanging up the phone, Chen Mo took a few deep breaths, turned on the computer and looked at the gold handicap, it has reached 1165 US dollars.

He made nearly [-] million in one morning, it's just... Nima's... crazy.

"Close the position, close the position..." Chen Mo almost gritted his teeth and chose to close the position.

The one-time liquidation of 3 lots of short selling caused a lot of shock, which brought a lot of trouble to Ellie...

Simply put, this market is really huge, especially the handicap in the United States, where there are 10,000+ billion funds fighting and competing with each other. 3 lots of short selling at one time, although it caused a lot of shock, but the impact on the overall situation is not as exaggerated as imagined...

3 lots, $1196.65 to open a position.Then close the position at a price around 1165.70...

Subtract transaction fees, overnight fees, and more.Chen Mo netted $9000 million...

Net profit of 9000 million in a week.

Choosing to close the position today is because Ellie is going to be long.Secondly, today is Friday, if you hold positions for a weekend...not to mention that it is a big market right now.Whether the price of gold will fall to $1150 as expected, Ellie is not a fairy, no one can accurately predict...

Spot gold, small retail investors, and small institutions basically close their positions on the same day they open, and they rarely hold positions overnight, let alone hold positions over weekends.

Earned nearly [-] million in a week.It can be said that Chen Mo has no operation at all, but with the data analyzed by Ellie, he became a standard gambler...

(End of this chapter)