Chapter 471: It's Not Bumper Cars

"Then why don't you ask the chairman when he comes to discuss the price trend with you?"

"He won't tell me these key figures, doesn't he? He can only ask you, not you. I just asked a little fur and he turned around and went out, what am I going to do with that boring thing?"

"Yes, in fact, compared with the sugar company, the Southern Group is even more impersonal. The atmosphere of this company circle is very heavy and hierarchical. Not to mention the chairman, even those executives have a sense of superiority and don't look at people squarely. In their minds, they may think that knowing what is going on in the circle is a status symbol. In this case, of course, they will not tell the information in the circle to people outside the circle. ”

"But this is a company, not a bumper car, it's not just a few of them who have fun by themselves, they have to make money, don't they? If the company doesn't make money and can't even pay their salaries as you said, how many of them still play a bird? Compared with this kind of tragic result that everyone has nothing to play in the end, they may benefit the company by telling those business information that can only show their identities and have no other use for them, and it may be beneficial to the company, at least so that they can play a little longer. Can't they clearly distinguish between the stakes? They don't wake up until they get to the point where they can't be saved!"

It was the first time Yu Hong heard Li Xinfa complain like this, and the intensity of his words made Yu Hong feel a little surprised. She knew that Li Xin was on the point, and if this company continued like this, I am afraid that it would not be too far from the result that Li Xin said that everyone had no fun to play.

Recalling the confusion she experienced when the sugar company went bankrupt, Yu Hong fell into infinite anxiety about the future.

After the opening of 13:30 at noon, futures copper continued to fall in the morning, starting from the closing price of 59,260 yuan in the morning, and fell to the lowest price of the day of 58,780 yuan in just 8 minutes.

Within an hour and a half after that, although the price rebounded slightly, the highest price in the afternoon never exceeded 59,150 yuan.

By the time it closed, the price finally closed at 58,960 yuan.

This price has fallen by 2,060 yuan compared with the previous trading day, which is also one of the largest declines in the year. At this price, the profit on Li Xin's account has reached 31.4 million yuan.

Yuan Jie couldn't help but sigh when he saw such a downward trend: Li Xin's vision is indeed unique, and it is really easy for a rich man to make money! The profit he earned in this month was higher than the profit of his futures company in three years.

The trend of futures prices for the next three days is two white candles and one black candle. Moreover, the highs and lows of these three days did not break through the highs and lows of the candlestick chart on August 5.

It is worth noting that the closing price of these three days is getting lower day by day. And on the third day, the closing price of the yin line on August 8 was 58,970 yuan, which was only a line away from the closing price of 58,960 yuan on August 5.

That is to say, after the sharp decline on August 5, the market not only did not form an effective rebound, but the trend for three consecutive days instead showed signs of crumbling and further decline.

Seeing that the K-line chart was about to fall further, Li Xin was ecstatic.

What he regrets now is that he only added 1,000 lots the last time he increased his position, and the current 2,000 hands of short positions feels a bit insufficient.

He really wanted to continue to short in this place, but he was afraid that he would chase the low point and the price would not have an advantage. He has now gradually formed a habit of not chasing high when he is long, and not killing when he is short, and he wants to wait for the price to pull back and increase his short position again.

His current mentality is a bit contradictory, not only hoping that the price will rise a little so that he can have a better point to increase his position, but also worried that the rise in prices will destroy the downward trend, and if it goes up, it will not fall.

The 4-day K-line chart is obviously down a step compared with the closing price of 61,020 yuan on August 4, and after such a big step, there is no reversal at all, which indicates that the future will continue to fall, and then the next level.

Another intriguing point is that in the recent three-day trend of copper prices in London, the highest opening and closing prices did not exceed $7,636/ton, and the lowest price was not lower than $7,598/ton.

That is, the three-day candlestick chart is moving in a narrow range almost on a horizontal line. If you don't zoom in a little bit on the graph, these three candlesticks look a lot like three dojis.

This is also after the sharp fall in London copper prices on August 4, and it has been sideways around the closing price on August 4 for three consecutive days, and there is no rebound at all.

August 8 is Friday, and how copper prices will go next Monday is very critical for the trend of copper prices in London tonight. If the price of copper in London weakens today, then Li Xin will make up his mind to increase his position by 1,000 lots again as soon as the market opens next Monday.

Before 7 p.m. that night, the London copper price was similar to the price trend of the previous three days, and there were no obvious signs of rising or falling.

But after 8:30 p.m., the price of copper in London began to dive.

As time went by, the price went lower and lower, and by 2 o'clock in the evening, the price closed at $7,415 / ton, down $221 or 2.89% compared with the previous day.

This decline is only slightly smaller than the 3.54% decline on August 4, and the pattern is an accelerated downward trend.

Li Xin was overjoyed to see such a trend, and he knew that the price of copper would definitely continue to fall when futures opened on Monday. The question now is that I don't know how much the price will gap down on Monday, is there a chance to increase the position?

On Monday, August 11, as soon as the futures market opened, the copper price jumped low and opened at 58,000 yuan, which was a full 970 yuan lower than the closing price of the previous trading day.

Alas, Li Xin patted his head and regretted it!

At about 2:30 p.m. last Friday, when the market was close to the close, whether it was from the trend of domestic futures copper or the trend of London copper prices, I had already judged that the future was a trend of continued decline.

However, because of the hesitation and hesitation, I wanted to wait for the London copper price trend to come out in the evening before deciding whether to continue to increase my position, so I missed the opportunity to continue to increase my position before the close of the afternoon. Otherwise, last Friday, I added these 1,000 short orders to the position, and now I can make an extra profit of nearly 5 million based on the opening price.

What Li Xin regretted even more was that after the futures price opened at 58,000 yuan, it only rebounded slightly to 58,160 yuan and then continued to fall.

By the end of the afternoon, the price closed at 57,230 yuan, down 1,740 yuan from the previous trading day. And the lowest price of the day once fell below the integer mark of 57,000 yuan, and the lowest reached 56,940 yuan.

According to the closing price, the profit on Li Xin's account has reached 48.7 million yuan.

On August 12, the copper price opened slightly higher by 70 yuan and then fell all the way, and by 9:30 a.m., it had fallen to 55,820 yuan.

This kind of downward trend was only seen by Li Xin when he was shorting the price of sucrose futures after returning from an investigation in the south. The collapse in sugar futures prices was caused entirely by a serious distortion in supply and demand. In Li Xin's eyes, the supply and demand situation of copper metal this year is also seriously distorted, which is the same as the situation before the collapse of sugar futures prices that year.

When the decline was determined, he held his position after shorting, ignoring the subtle fluctuations in the process of falling, and closed the position at the last opportunity, almost making the biggest profit in that wave of decline.

Now facing a similar situation again, he intends to ignore the subtle changes in the middle, grasp the general trend, and strive to maximize profits as he did in the short position of sugar futures.

Slightly different from that year, this wave of short-selling copper futures positions has not been fully established so far, and has only reached two-thirds of the expected positions.

The good news is that the trend of the day has been all the way down, and the closing price is 56,420 yuan. The profit on Li Xin's account increased sharply again, reaching 56.8 million yuan.

The rapid decline in prices has made Li Xin give up his intention to continue to increase his position at a low level, because at this time, violating his previous trading habits and increasing his position will disrupt his rhythm and make the original 2,000 positions lose the established target.

Looking at the current trend, the bulls have completely given up resistance, and copper prices will continue to bottom out.

On August 13, the copper price jumped down at 55,500 yuan as soon as it opened, and fell sharply by 920 yuan compared with yesterday.

Such a scenario is almost exactly the same as Li Xin's prediction that copper prices are about to accelerate the downward trend. However, he was not happy for long, following the sharp gap and low opening, the copper price quickly fell to a low of 55,410 yuan within a few minutes, and then rose sharply.

Because copper prices have been in a downward trend recently, after each gap low, the price rebound is very limited, and then it continues to fall. Li Xin thought that today's trend would continue this rhythm, but what he didn't expect was that the trend this morning was a little different, the highs were constantly refreshed, and there seemed to be no sign of continuing to fall.

By the end of the morning, copper had risen to $57,000. In this short morning, the range of oscillation from low to high reached 1,600 yuan.

Li Xin, who thought that copper prices would enter a rapid decline mode, was a little puzzled. At the same time, he was also secretly glad that he did not chase the short at the low level, otherwise, today's increase would have made his list of chasing the short face a big loss.