Chapter 540: How to Choose the Time
"Yes, it's better to be in time than to be in a hurry, and it is the most important thing to see the general trend right in futures, otherwise everything will be in vain. Li Xin said.
"I've always wanted to ask you, do you have any premonitions before the holiday, or any gossip, otherwise why would you be so bold?
"Look at what you are asking, if I had known that the financial crisis on Wall Street would break out more than a week in advance, then I would not be a god?"
"Then why do you dare to do that?"
"Judging from the trend of London copper prices and the Dow, when I sold and opened a position on the last trading day before the holiday, I am not sure that there will be such a big decline after the holiday, but I am sure that the probability of falling after the holiday is greater than the probability of rising, and there is no problem in making money. But when I saw the sharp decline in London copper and the Dow during the National Day, I knew that domestic copper prices would plummet after the holiday. ”
"Is it tormented?"
"What do you say?"
"Hehe, doing this line of work is to support the bold, starve the timid, the key is to act, otherwise even if you look in the right direction and don't dare to do it, it will be in vain. Okay, I won't talk to you, let's talk about it another day, pay attention to the list in your own hand, don't be empty when the bamboo basket is empty. ”
"Hmm. ”
On the morning of the second day, Li Xin's mobile phone rang as usual. When Li Xin was woken up by the ringing, his mood was a little complicated: I don't have to go to work today, why do I get up so early? In hesitating and wandering, he rarely lay down on the bed and slept for a while after waking up.
When Xia Xiaona got up and was ready to go to work, Li Xin couldn't sleep in bed anymore, so he also got up.
Xia Xiaona said: "It's still early, and you have nothing to do, why don't you go out for a run and exercise?" I'll get it early for you and put it on the table, and you eat it yourself when you come back from workout, and I'll go to work after eating." ”
"That's a good idea. Li Xin said. He was worried that he had nothing to do, so he dug out the sweatshirt from the closet and put it on, opened the door and went for a run.
The weather was very good today, and the air in the morning was very fresh, Li Xin ran slowly along the road outside the community.
According to the routine that he has developed over the years, he should be on his way to work at this time. But now he is running slowly along the winding mountain road.
This seems to outsiders to be a relaxed and comfortable scene, but Li Xin has a faint loneliness in her heart.
He thought to himself: Maybe the days to come will be like this, get up in the morning to run, then watch the futures market, take a nap at noon, and then watch the futures market at 1:30 in the afternoon. After the 3 o'clock futures market closes, if there is nothing to do, you can go swimming in the swimming pool, otherwise it will be really difficult to pass the time. Don't think about playing football, you can't find so many people to play with.
I haven't gotten up early to exercise like this for many years, and this morning I suddenly came out to run for half an hour, although it was only a distance of three or four kilometers, but it still made Li Xin sweat profusely.
By the time he got home and took a shower and ate breakfast, it was already around 8:40. He went to his study and turned on his computer to check the trend of London copper and the Dow Jones industrial index last night.
The lowest price of London copper last night was $5,212, the highest price was $5,681, and the closing price was $5,350, down $223 from the previous trading day, a decline of 4.01%. This candlestick chart is a black candlestick with a long upper shadow. Although the closing price was quite higher than the low, the whole trend was downward, and the closing price once again hit a new recent low.
The Dow Jones Industrial Average opened at 9437 last night, with a low of 9194, a high of 9628, and a close of 9258, down 189 points, or 2.0%, from the previous trading day. This is also a long black candlestick with a long upper shadow, which has once again set a new low for the closing price and the lowest price of the day.
Judging from the trend of the external market, domestic copper prices should continue to decline today.
After making such a judgment, Li Xin calmed down and lit a cigarette and quietly waited for the opening of the domestic futures market at 9:00.
Looking around at his antique, very luxurious study, Li Xin's heart swelled with a different feeling.
He was already in the office at this time of the day. The feeling of being in the office is a feeling of oppression and control, but in my own study it is a feeling of relaxation and complete freedom.
After experiencing the difference between today and the past, Li Xin carefully recalled the future life he envisioned when he was running just now: get up in the morning to exercise, then look at the futures price, rest at noon, and continue to watch the futures trend at 1:30 in the afternoon. After 3 p.m., there is free time, which can be used as exercise time.
It's actually a really good day, and when I don't have classes after 4:30 p.m. in college, don't I spend it on the court? Not being in the Southern Bloc now will not bring any changes to my life at all, and my discomfort today and yesterday is completely a matter of habit.
Thinking of this, Li Xin couldn't help but secretly say to himself in his heart: "Look at your little bit of interest, you are going to resign yourself, is it necessary for you to be so uncalm in such a company as the Southern Group?"
Seeing that it was almost 9 o'clock, he threw the cigarette butt in his hand into the ashtray and waited for the opening of the futures market.
8:59 has passed, but the call auction data has not come out. A question appeared in Li Xin's heart: Hey, what's going on?
A minute later, at 9:00, the futures market still hadn't opened.
Li Xin thought that the network signal was interrupted, so he quickly opened a few portals and took a look, there was no problem, the webpage could be seen, which showed that the network signal was normal. But why is there no data in the futures market? Could it be that the time on the computer is wrong?
Li Xin looked at the time on the computer, and then looked at the expensive watch on his wrist, yes, the two times are the same, but why has there been no data on the futures market on the computer?
After another two minutes, the trend of copper futures is still the same as yesterday, and there is no new data. Li Xin felt that he couldn't wait any longer, so he quickly picked up his mobile phone and called Yuan Jie: "What's going on in the futures market today? Why hasn't the price of copper in futures opened yet?"
"Because futures copper has fallen for three consecutive days, in order to prevent risks, the Shanghai Futures Exchange issued a temporary notice last night that futures copper trading will be suspended for one day today. ”
"I said why I couldn't see the opening data until now, it turned out to be a suspension of trading!"
"Why, you didn't see such news?"
"No, I don't. ”
"Well, I'll just say you don't hear what's going on outside the window. It's also strange that you can still make so much money like this, haha. ”
Li Xin didn't hear Yuan Jie joking with him at all, and what he was thinking about now was what kind of impact the futures exchange's suspension of copper metal trading would have on his positions.
As Yuan Jie said, in order to prevent risks, futures exchanges often take measures to suspend trading on trading varieties that rise and fall. And such measures generally have a certain tendency, and the impact on the market is great. Many trading varieties that are surging in the surging market have turned from rising to falling after restarting trading after being taken to suspend trading, while those trading varieties in the surging market have often stopped falling after restarting trading after being taken to suspend trading.
The intention of the exchange to stop the trading of futures copper when the futures copper price has stepped out of the three consecutive falling limits, is self-evident.
Just now, I judged that copper prices will continue to fall today, but after encountering this incident, will the trend of copper prices still fall?
"Did you just say that the exchange suspended the trading of copper metal for a long time, just today?" Li Xin hurriedly asked Yuan Jie. As the saying goes, the longer you stay on trade, the harder it will be to judge the future situation.
"Yes, it's just one day, aren't you too little? ”
"The exchange issued such a message at this time, its intention is that Sima Zhao's heart is well known, this kind of news is only beneficial to the bulls, for me even to suspend trading for an hour is not a good thing! You see that although London copper opened at a low price of 5,265 US dollars today, the current price is 5,375 US dollars, an increase of 25 US dollars from the previous trading day, which is not a good sign. ”
"What do you think will happen to the copper price tomorrow?" asked Yuan Jie.
"If I hadn't stopped trading today, it would have fallen, but now it's hard to say! It's really better to plan than to change quickly, why didn't I expect this kind of thing to happen?"
"Don't say you didn't expect it, we all came here today to see the notification. ”
"Can't they have issued a notice earlier? Who would have seen it if they made such a show in the middle of the night?" Li Xin said with some indignation.
"You just accept your fate, no one can do anything about this kind of thing. Fortunately, you make so much profit per ton, even if it rises tomorrow, it doesn't matter, at most you make a little less. Yuan Jie persuaded.
"It's easy for you to say, it's not 9:30 yet, I have to wait until 9:00 tomorrow morning to find out what the result will be, how can I survive this day?"
"It's tormented again, right? Who made you greedy? The three falling limits are not more than profitable, do you think your profits are so easy to take? Don't toss who you toss? There have been continuous falling limits on other trading varieties, but this has never happened in the trading variety of copper metal. You are also a veteran of futures, so it stands to reason that you should be able to expect similar measures from futures exchanges. ”
"Well, that's what I said, but who would have thought that such a thing would really happen!"