Chapter 200: The Third Sell-off

This incident happened this morning, not to mention that Huang Hongliang, who was drunk all night last night, had no clue if he wanted to break his head, even Liu Zhongzhou, Li Xin and others, who didn't drink last night, didn't expect it.

This morning, following the last two sell-offs in reserve copper, the price of copper in the market continued to rise, and the third sell-off followed.

According to the usual practice, Li Xin, who opens the market trading system every day as soon as he arrives at the office, saw the news for the first time, and he calmed down for a while when he was surprised, and then went to Liu Zhongzhou's office and told Liu Zhongzhou the news.

Liu Zhongzhou's eyes lit up when he heard this, and he said, "Is it just selling this morning?"

Li Xin said: "Yes. ”

Liu Zhongzhou asked, "What is the number this time?"

Li Xin said: "It's still 20,000 tons. ”

Liu Zhongzhou, who was overjoyed, smiled and complained with regret: "Do they often play mahjong with 20,000 yuan? How can they have such a plot about the number of 20,000 yuan, each time it is 20,000 tons, no more, no less, can't you sell more at a time? I have sold 20,000 tons!"

Li Xin smiled and didn't speak, his mood was not as relaxed as Liu Zhongzhou, and his heart was very anxious: although he was resolutely bullish on the market outlook, even if the market was bullish, he couldn't stand up to the successive negative suppressions. This is the third sell-off, and such news is absolutely positive for Liu Zhongzhou, the bear, but it is absolutely negative for himself.

If the market plummets at the opening today, Liu Zhongzhou's loss of more than 30 million yuan can disappear by more than half, and he will immediately turn from a profit to a loss.

After the first two sell-offs, copper prices fell first and then rose, especially the second sell-off, when Li Xin already had a long position in his hand, and Li Xin was secretly glad that he had escaped a catastrophe.

As the saying goes, again and again, there is no repeatedness, and today's third sell-off came suddenly, and even Li Xin himself felt that it was more than lucky: the price of copper was suppressed so much, although the quantity did not seem very large, which even Liu Zhongzhou felt a feeling of lifting high and gently putting it down, but the psychological impact of the intensive selling pressure news could not be ignored.

Maybe this time the parties will be completely crushed!

We must guard against this, and run immediately if the momentum is not right, otherwise it will be too sad to be caught at such a historical high!

Liu Zhongzhou's mood at this time was different, because after waiting for the loan, after the news of the second sell-off came out, he failed to enter the market in time to sell short, and he was very anxious at that time, worried that he would miss the opportunity for the price to fall.

But that's it, during the week he waited for the loan, he watched the price of copper slowly rise with pain and joy, until the day before yesterday he completed the planned short position of 20,000 tons.

Is the news of this morning's sell-off a favor from God? Isn't it true that no one believes it, and he has just opened a position, and the news of the sell-off will follow, which is completely in line with the rhythm of his own shorting, hehe!

Liu Zhongzhou lit a cigar and said to Li Xin proudly while smoking: "You see I told you to hurry up the day before yesterday to build up all the positions, and at that time I had a hunch in my heart, maybe there will be good news soon, you see, how timely this is! If it weren't for the quick start the day before yesterday, I would have missed this opportunity today." ”

Li Xin coped and said, "Indeed. Although his view of this news is contrary to Liu Zhongzhou's opinion and is bearish, he also has to admit that Liu Zhongzhou's move the day before yesterday seems to be very timely at this time.

Li Xin glanced at the complacent Liu Zhongzhou and said, "Chairman, the market will open in a few minutes, and if it's okay, I'll go over to see the market." He didn't have the heart to accompany Liu Zhongzhou to experience that happy mood at this time, he wanted to hurry back to prepare for the closing of the position, if he didn't hurry up, he might lose hundreds of thousands, or even millions, today!

Also, although Li Xin also smokes, she really can't get used to the smell of cigar smoke. Liu Zhongzhou, who was excited, was there to swallow clouds and smoke, and the whole office was filled with the pungent smell of cigar smoke, which made Li Xin very uncomfortable, and he had long wanted to find an excuse to escape there.

Liu Zhongzhou said: "Okay, you can go." Remember, report anything in a timely manner. ”

Li Xin agreed, and went out to go back to his office to prepare for the liquidation.

In order to close the position as soon as possible, Li Xin opened the commission interface, and after some thought, set the commission price at a position of 150 yuan lower than yesterday's closing price.

However, when filling in the number of orders, he suddenly realized that things were a little tricky.

Because he was firmly bullish at the beginning, Li Xin established all his positions on the December contract, which has very little trading volume at present, and the 1,000-ton position in his hand was built in two unhurried installments and took two days. Now if you want to close all positions immediately, even if the order price for selling and closing the position is lower, it is completely impossible to close the transaction immediately.

At this time, he reacted, even if it is not a falling limit today, this 1,000-ton sell and close the order, without considering the transaction price, if you want to close all the positions, it is estimated that it will take an hour. If it is not long after the opening of the market to reach the fall limit, don't think of it for a day today.

In other words, those long positions in your hands want to escape as soon as the market opens this morning, and it is completely impossible in this contract!

After realizing this problem, Li Xin sighed, had to accept this reality, gave up the idea of turning around and running, and quietly waited to see what kind of start today would be, and then slowly thought of countermeasures. It's a big deal, just like when you opened a position, close the position slowly, anyway, one or two lots of trading volume is there every time, and you can't sell it if you have more, so it's useless for you to be in a hurry.

Half a year later, when Li Xin had the time and mood to reminisce about his experience at this time, he laughed at himself for his mentality at that time that dead pigs were not afraid of boiling water.

It was with such a mood that at 8:59, Li Xin ushered in the opening price of today's futures copper: the opening price of the main contract with the largest trading volume rose by 120 yuan compared with yesterday!

Li Xin, who had calmed down and was ready to slowly meet the challenge, couldn't believe his eyes when he saw the number that appeared on the screen.

He looked at the contracts of other months, and the price generally rose by more than 100 yuan. Now he believes it, and today is a gap up.

How so?

Could it be that under such huge negative news, the trapped beast is still trying to pull up the opening price and make a last stand?

I really can't rule it out. If this is the case, then it is not too early to rejoice, because the price that has been pulled up in this way is too empty, and it is likely to be an illusion, and a minute later, when the trade begins, under the pressure of the short side, how long this price can hold is still a question.

Li Xin thought that after dozens of seconds, this gap opened high is likely to be immediately filled by the ensuing decline.

But what he didn't expect was that after the opening, a green yin line did not appear on the screen immediately as he expected, but a short yang line, and as time went by, this yang line was slowly growing taller.

Five or six minutes later, the price was up 380 yuan from yesterday's close.

Only then did Li Xin believe that the gap was not an expedient measure to pull up the shipment, but more like a move to grab chips.

What is this road number?

Although he himself was bullish earlier, he could not react to such an unexpected start.

Looking at the firm upward time line, then looking at the solid buying order, and then thinking back to the first two selling news, the opening price fell less than the first one, and then rose higher than the other, Li Xin once again thought of the sentence: the short is the bullish.

That's right, that's what today's trend should mean, otherwise it doesn't make sense.

Looking back now, in fact, the first two times were the same situation, but it was not obvious.

Under the first sell-off news, it fell by more than 600 yuan at the opening, and then slowly rose back after a few days. Under the news of the second sell-off, the opening price only fell by more than 100 yuan, and the closing of the day rose higher than the previous day.

This time it is even more obvious, and the news of today's sell-off seems to be more of a relief than a difficulty in the eyes of many parties. It's like the many parties have set up a ladder and want to take the city without hesitation, as long as the empty side smashes down not a wall, many parties have to rush forward under pressure, and now when they rush halfway, they see that the empty side smashed down from the city is only two bricks.

What do you think and what do you think when you see this scene?

Of course, he immediately realized that the air side had no ammunition, and if he didn't shout at this time, he would take the city tower by chance, and when would he wait?

No way!

It turns out that today's gap is high, and the reason for the momentum is here.

Thinking about it like this, another two or three minutes have passed, and the price has risen by 560 yuan compared to yesterday.

At this time, Li Xin had more than 500,000 profits in his account, and the idea of closing the position had long been forgotten in Java Country. At the same time, he thought of the two accounts of the group, and the loss was 10 million more, and this unexpected situation must be told to Liu Zhongzhou immediately. Liu Zhongzhou should not be aware of this situation at this time, maybe he is still thinking that copper prices will fall as he did just now.

Li Xin hurriedly knocked on the door of Liu Zhongzhou's office and said, "Chairman, as soon as the market opened today, it rose by more than 100 yuan, and in just a few minutes, the price has risen by 560 yuan compared with yesterday!"

Liu Zhongzhou sat at the table, smoking a third of the cigar in his hand, just as Li Xin guessed, he was still immersed in the beautiful imagination that the price of copper would fall rapidly.

Li Xin's words stunned him, and he froze there motionless, and it took him a few seconds before he reacted and said, "How can this be?"