The Son of Finance of the Great Age

  Chapter 167 Exploration (2)

   At this time, the bullish sentiment in the market has been fully mobilized by two large buy orders of 1,000 lots. Investors participating in the market are keenly aware that there are big customers entering the market. When the copper price was raised for the first time, most people were on the sidelines, fearing that this was a trap set by the main bulls. As a result, the price of copper futures fell after a while, but the price did not fall to the previous level.

These people's minds began to become active, especially for short-term funds, and they rushed to enter the market before the price rebounded. However, their funds were limited and they did not dare to place too large a lot. In the end, when Zhong Shi entered the market for the second time, he changed a lot of long orders.

The profit-making follow-up orders will naturally not let go of the opportunity to make profits again. When the second long order starts to close, these follow-up orders follow up one after another, wanting to build a bottom position before rebounding again, and wait for the first order of the bulls. Three upswings, all these long liquidation orders were eaten in just five minutes. Among them, there were short-term short positions changing hands, and some short-term long positions were newly opened, but they all ignored one point, that is, before None of the main long and short positions that were active in the market appeared.

  Because the number of entrusted hands and the amount of positions cannot be seen in the telephone market, most of the parties to the transaction choose operation strategies based on experience and techniques, except for those funds that can manipulate the market.

  The opening of 1,000 lots is enough to stir up the entire market in a short period of time, especially in the way of market order.

  After waiting for the news of all positions being closed, Zhong Shi hung up Brian's call, talked to Andrew on another phone, and then took a rest.

Tianyu Fund gave Andrew 10 million US dollars of authority. With this money, he can open less than 2,000 positions in the copper futures market. As long as Andrew can clear all the positions in time on the same day, Zhong Shi will not be too worried . And Andrew's main task is to receive the copper sales orders that are on the verge of delivery in the last few trading days, and gradually send the spot copper to the warehouse rented in London.

   What Zhong Shi didn’t know was that his break left behind a large number of followers who didn’t know how to operate, so that they suffered heavy losses in the short counterattack shortly afterwards.

  …

   "Minister? The copper futures in the market fluctuated abnormally. It seems that there are big funds entering the market!"

  In Hamanaka Yasuo's office, a young trader said hurriedly. In the past half an hour, they saw all the abnormal fluctuations in the price of copper in the market, but they didn't make a move, they just kept watching.

  The trading volume of thousands of hands at every turn requires a margin of millions of dollars, or even tens of millions of dollars. This is not an authority that ordinary traders can have. It is also for this reason that other traders of Sumitomo Trading Co., Ltd. were indifferent to the fluctuations in the copper price in the previous market. When the funds calmed down, they rushed to report.

   "Continue to observe, don't let them delay my plan." Binzhong Tainan said in a flat tone with a blank face. Now his position on hand has been reduced to the lowest level in history, he has fully released the margin, and is preparing to accumulate funds for the next step to raise the copper price.

He is called "Mr. Five Percent" in the market, which means that his trading volume has reached 5% of the entire market trading volume, which means that the number of hands traded every day is more than 2,000 hands, and the capital is tens of millions. Dollar.

In fact, most of his funds have been squeezed on the previously accumulated positions. Although the fundamentals are a great benefit for copper futures, it is precisely because Sumitomo's account is liquidated in the market that the price of the entire April copper futures All languid.

   Now he is preparing to take advantage of this opportunity, starting from a low position, and starting to increase the price of copper futures. After building positions in April, the funds in his hands have now reached hundreds of millions of dollars, which is enough to support the price of copper for a period of time in the future. Even if he encounters selling, he is not afraid, because he has prepared tens of thousands of tons of copper for delivery.

Therefore, when he heard that there are many bulls making trouble in the market, his first reaction was not to let this force ruin his plan, but then he thought about it, let's see what the funds want to do first, and then It's never too late to decide what to do next. If this stock of funds is going long blindly, then he doesn't mind shorting backhand, first suppress this force, and wait until he leaves the market before implementing his plan.

   Fortunately, Zhongshi's side is on American time, so he couldn't operate overnight, so he escaped. Otherwise, if the American fund and Binzhong Tainan join forces, I am afraid that two bell stones will not be enough.

The traders of Sumitomo Corporation who carefully observed the market conditions did not find any signs of this kind of funds in the market, because shortly after the buy order was released, the main short sellers began to exert their strength, and one after another, the sell orders were thrown out. The bulls who took over Zhongshi's hand-changing order were defeated, and the price of copper futures quickly reversed and fell to $1,924 per ton.

At this time, the decline began to slow down. On the one hand, some accounts in the short camp closed as soon as they were good, and began to close out the previously established short orders in the market; The main force appeared and chose to cut the meat and leave the market when they couldn't bear the loss. This part of the turnover position and the short position closing order stopped the decline together.

The more important reason is that due to the accumulation of a large number of positions, the main short sellers have no extra funds to attack at this time. Although they have accumulated a lot of floating profits in their accounts, under the special system of the LME Profit is just a number on the books, and it is just a cloud until it is all flattened.

Although the price of copper futures was reluctantly lowered by another two levels, the market has keenly sensed that the main short sellers are unable to go down, and they have started to go long, especially the former short sellers who have just made short profits. The main bulls who did not show up also began to show their power, and the two forces started to exert their strength almost at the same time at the position of 1921 US dollars, rapidly raising the price of copper futures.

   "Buy 150 lots, $1921."

   "Sold 354 lots, $1923."

   "Sell 470 lots, $1925, and the remaining unsold transactions will be sold at the market price, the speed must be fast!"

  …

In various brokerage companies, entrusted calls came one after another, and almost all of them were buy orders during this time period, which surprised the brokers. Fortunately, they had already received instructions on the short position closing price, so So they matched without haste.

The price of copper futures quickly rose to the position of 1940 US dollars, which is said to be an integer point. The short sellers should set up defense here, at least to consume some of the long funds. However, in fact, the short sellers did not place many limit orders here. Easily let the bulls break through this line of defense.

The bulls who broke through the integer point became even more imposing, and rushed to 1945 points in one go. At this time, the number of orders sold gradually increased. The brokers knew in their hearts that this was the short sellers ready to counterattack, but it would take more time. Wait for a while, because the current main force of the bulls is clearing the previous positions while driving up the copper price, because only in this way can the profit be kept.

The game of the market is the game of people’s hearts, and there are countless possibilities, but they don’t know that when the main bulls are planning to follow suit and short positions, these short positions and follow suits are also calculating the main force of bulls. Counting another part of the bulls.

   "Clear all the current positions, fast, order at market price!" Just after the price of copper futures rose to 1945 US dollars, Andrew shouted loudly.

  A small part of the funds in his hands was established for the July contract, and the rest was invested in the main contract for June. Since Zhong Shi let him operate, he naturally operated with confidence and boldly. Before, he misjudged the situation and lost more than 50,000 U.S. dollars at once, which made him extremely unwilling. This wave of rise happened to earn back all the original losses.

  Already frightened and overwhelmed, Andrew naturally accepted it as soon as it was good, and quickly ordered his traders to close all long orders, without any intention of continuing to raise the price of copper. Hearing his order, the traders of Tianyu Fund began to call their brokers one after another, wanting to clear all positions as quickly as possible.

The 250-hand long position closing order appeared in the market, which immediately caused a commotion. Followers could not help guessing that this was the main force of the bulls preparing to flee. To their surprise, the real main force of the long positions set up positions at 1945 and 1944 dollars. A total of 1,000 lots of limit orders easily took Andrew's long order.

The price of copper only stayed at the position of 1944 US dollars for less than a minute, and then jumped to the position of 1945 US dollars again. Such a move made the follower see the determination of the main force to go long. After all, greed prevailed and hesitated a little After that, the followers who were still on the sidelines followed up again.

What they don't know is that the main bulls who are actively pushing up copper prices have quietly reduced their positions in the process of pulling up. Short main battle.

  The main short sellers, because they were short sellers at high positions before, now except for sporadic short sellers who choose the opportunity to open positions at high positions, the others are waiting and watching. The so-called opponent market of the bulls is nothing but the exchange of positions held by the previous shorts and other bulls.

Soon, the bulls raised the price to $1949, approaching the integer point of $1950, but they will soon find that there are not many opponents who can open in the market now, and the long positions that change hands are only They are profitable, and even the strategy they have been formulating to sell positions while pulling up is not working.

The short sellers took action at this time. Taking advantage of the opportunity that the bulls hadn't reacted, they opened empty orders wantonly, and instantly wiped out the buy orders at the price of 1949 US dollars, and then they were 48, 47 and other US dollars. The price has been suppressed to the position of 1940 US dollars, which is close to the position where they opened their positions for the first time.

   "Buy 100 lots!" At this moment, Andrew commanded his traders to enter the market again. After making up the loss, he chose the opportunity to enter the market again.

   I didn't realize that yesterday was New Year's Eve, which was set in advance.

  (end of this chapter)