Chapter 496: Why 49,680 Yuan
Yuan Jie asked with great interest: "I only said half of what you said, you just said what it looks like from the perspective of the empty side, so what will it be like from the perspective of many parties? ”
Li Xin said: "From the perspective of many parties, if the price falls to the line of 51,710 yuan, it is difficult to imagine how much loss the long positions held before today will be." I estimate that at that time, just as one more straw can crush a camel, the empty side can completely defeat many sides as long as they use four or two thousand catties of skill. So I said that 51,710 yuan is not a difficulty at all in my eyes, and after the price fell below 55,410 yuan, my closing point was placed at 49,680 yuan. ”
Yuan Jie suddenly realized, she silently calculated in her heart, and then said, "Then don't you have a profit of more than 200 million yuan?"
Li Xin smiled: "That's how it should be, I've been staring at this opportunity for more than a year!"
Yuan Jie smiled: "You have to buy cheaply, it's really annoying!"
Yuan Jie's voice was a little sassy, and Li Xin didn't know how to answer her for a while.
He was really a little afraid of Yuan Jie's moodiness, and had already made up his mind to only keep a friend distance from Yuan Jie from now on.
Yuan Jie's coquettishness did not get the response Li Xin deserved, which made her feel a little embarrassed. Fortunately, there was no expression between the two of them on the phone, Yuan Jie calmed down a little, and then asked his own question like no one else: "You said that the price will fall to the line of 49,680 yuan, that is, it is very likely that the price will also fall below the support of 49,680 yuan, right?"
"That's right. ”
"Then the question is, from the chart, once the price falls below the support of 49,680 yuan, the following support point is 44,000 yuan three years ago and 36,000 yuan four years ago, why don't you continue to leave the position at a lower point to close the position, but close the position at 49,680 yuan? ”
"Am I so cruel to kill them all?"
Yuan Jie smiled: "I think you really have! Let's talk about it, why don't you continue to leave the price at a lower point, but close the position at 49,680 yuan?"
Li Xin said: "Theoretically speaking, once the price falls below 49,680 yuan, it is really likely to move closer to the line of 44,000 yuan and 36,000 yuan." But that point is too low, especially the line of 36,660 yuan, unless there is any major event, otherwise it is difficult for the price to fall to that position. And don't forget, from a technical point of view, there is also a pattern called W bottom, right? 49680 yuan is the low point of copper prices two years ago, if the price really comes to this line, I think it is far more likely to form a W bottom upward rebound in this position than to continue to fall below 49680 yuan. Therefore, I will choose to close the position and leave the market, and sit back and watch the tiger fight with a profit of 200 million yuan, rather than risk a sharp rebound in prices. ”
Yuan Jie sighed and said, "I'll just say that you have always been killed, how can others survive if you calculate to such a point?"
Li Xin said with deep feelings: "Actually, I just took a ride, and there is someone else who is really short." Among all the bears, I am only a small grasshopper, and I can only make money if I follow the general trend, otherwise, I can only go with the flow on the cusp of the storm. ”
Yuan Jie pursed his lips and said: "Don't come with me, you are not modest, or am I right, you are cheap and good!"
Li Xin didn't mind Yuan Jie's sarcasm, he smiled slightly: "Believe it or not, anyway, I feel it." If you look back at the wave of rising from August 13th to 22nd, my 2,000 short orders were abused by the trend of advancing 2 and retreating 1 as you said, and you will know that what I said is true. ”
Yuan Jie laughed when he heard this: "Who told you not to listen to me? In that wave of rebound, if you operate according to the short-term thinking I told you, make a profit at 56,000 yuan first, and then short it at about 60,000 yuan, you don't have to worry about it, the profit is 40 million yuan more." ”
If 56,000 yuan is closed, I will have no goal to short, and I may chase 60,000 yuan into it to go long. If that's the case, don't talk about making money now, I don't know how much you will lose!"
Yuan Jie said: "This is back to the problem I told you before, long-term operation is profitable and risky, you really have to consider the benefits of short-term operation." As you can see, copper prices are greatly affected by the external disk, and the price continuity is very poor. But if you change your mindset and do intraday operations, you can avoid these worries and at least get a good night's sleep, right?"
Li Xin said: "This matter has to be carefully pondered, and we will talk about it after all the positions are closed this time." However, even if you want to do intraday short-term operation, I'm afraid you have to change to other varieties, and I really can't find the rhythm of intraday short-term operation of futures copper. In the period of the trend from 55,410 yuan to 60,690 yuan, my judgment of the next day's trend was almost all wrong, and the more transactions in this case, the more losses. ”
"It's not surprising, like you said, you haven't changed your mindset about shorting, and of course you're going to be frustrated in that rally. You're so smart, if you get the short-term rhythm right, you'll definitely have a high chance of winning. ”
"We'll talk about that then. ”
"Which breed are you keeping an eye on now?"
"No, I don't. ”
"Didn't you just say that you need to change a variety for short-term operations?"
"I'll just say that, it's time to see. I've only made two varieties of sucrose and copper, and I don't know how to do the other varieties at all. ”
"How about making a short term for sucrose, have you tried it?"
"No, it's more difficult to make short-term estimates of sucrose, doesn't it mean that it's demon sugar?"
"It's not that exaggerated, our company's customers have a lot of fried cane sugar, and they also make money. ”
"That's because people's brains turn fast, I can't do it, and I can't find the north in the short term. ”
"Then won't you come to our company more often to talk to others and learn from other people's experience?"
"Okay, you can introduce me then. ”
"As long as you come, this is too easy, others want to talk to you more, and people want to learn your long-term operation ideas. As for short-term skills, I can teach you a lot, right?"
"That's right. Li Xin sincerely believes that he does have a lot of shortcomings in short-term operations.
Yuan Jie listened and said hopefully: "Then it's okay, you can come over more when you are free." ”
Li Xin knew that Yuan Jie was not just thinking about discussing exchange futures investment, but it was difficult to refuse her at this time, so he had to say perfunctorily: "Well, talk to them when the time comes." ”
September 5 fell 1,300 yuan from September 4, September 8 fell 1,500 yuan from September 5, in just three trading days, the price of futures copper fell from the highest 58,300 yuan on September 4 to the lowest price of 54,620 yuan on September 8, with a fluctuation range of 3,680 yuan. Such a rapid decline made Li Xin think that the bulls had completely collapsed, and the next decline in copper prices should be overwhelming.
But what he didn't expect was that on September 9, futures copper only opened 200 yuan slightly lower at 54,960 yuan, which was insignificant compared with the low opening range of nearly 1,000 yuan on September 5 and September 8.
Looking at this opening price, Li Xin, who was looking forward to the accelerated decline of copper prices, was stunned: It shouldn't be, the main bears above 55,410 yuan dare to suppress it, why are they afraid after the price breaks the threshold of 55,410 yuan?
Just when he wondered whether such an opening price was a sign that the main bears were planning to leave the market, or if the bulls were preparing to counterattack in this position, the price hovered at a low level for a few minutes after the opening.
Judging from the time-sharing chart, there is no sign that the bears continue to vigorously suppress, and there is no sign of a counterattack as soon as the bulls open, the whole trend is a continuation of the momentum of the previous two trading days, in a tangled hesitation in the gradual downward trend, to 9:25, the lowest price probed to 54,650 yuan.
This price is only 30 yuan higher than the lowest point in a year of 54,620 yuan set yesterday, and the difference of 30 yuan is almost negligible compared with the copper price of more than 54,000 yuan.
Li Xin secretly thought: The decline is still there, but it has slowed down a little, and it is only a matter of time before it continues to fall to a new low today.
Li Xin, who has many years of trading experience in the stock market and futures market, has seen too many scenarios of rebounding at a low level after a sharp decline, which is usually very fast, and will set the tone of the day's trend in just a few minutes.
Take the rebound after a sharp drop to 55,410 yuan on August 13 as an example, the low point of 55,410 yuan was probed within ten seconds after the gap opened, and then it quickly stretched from the low point to the mark of 56,000 yuan within a few minutes, with a rebound of nearly 600 yuan. Regardless of whether the wave of rally at that time was a short profit or a low bottoming by the bulls, in short, that stretch laid the foundation for the rebound on August 13, and the copper price rose higher and higher in the subsequent trading hours, closing up 1080 yuan.
Today's opening is almost half an hour, although the price of copper fell not as much as expected, but it is still a gradual downward momentum, the opening price came out of the worry of the bulls counterattack now seems a little redundant.