Chapter 403: Stop Loss and Exit
Ma Tianming nodded and said, "Yes." ”
"And what's the situation with the goods you have?" asked Jin Changxing.
What Ma Tianming wants is Jin Changxing's words.
As the general manager of the specific operation of the sugar business, Ma Tianming's rank is separated from Jin Changxing's Huang Hongliang, and there are few opportunities for direct communication between him and Jin Changxing. Not long after the start of the squeezing season, I have made so much money in this business, this is a good opportunity to ask for credit in front of Jin Changxing.
If he crossed Huang Hongliang and went directly to Jin Changxing to report, let Huang Hongliang know that he would definitely wear small shoes for himself in the future. But now in the corridor, the chairman took the initiative to ask about the sales of the sugar business, which is another matter.
So Ma Tianming didn't dare to slack off, and in a concise sentence, he completely stated what he wanted to say: "Most of all the inventory has been sold, and the rest is less than 1/4, and it is expected that after all the sales are completed, the average profit per ton will be around 500 yuan." ”
Jin Changxing said: "That's good. ”
In his impression, the price of cane sugar is four or five thousand yuan per ton. It is only the end of February now, and Ma Tianming's inventory is basically all gone, and there is still a profit of 500 yuan per ton.
Now the price of copper has been hovering at a low level, although the smelter's profit is not bad, but let the mine's losses drag down so much, the group's non-ferrous metals business is becoming more and more difficult.
In comparison, the profit margin of about 10% in the sugar business is now a bright spot.
Jin Changxing now understands why Ma Tianming was jubilant just now, it turned out that the goods in his hand were sold at a good price, and he was asking for credit from himself at this time.
So he grinned at Ma Tianming rarely, showing a smile: "Not bad, good, continue to work hard, and strive to become bigger and stronger in the future." ”
Ma Tianming hurriedly nodded and responded, "Okay, okay." ”
When he turned around and went downstairs, Ma Tianming secretly muttered in his heart: "Bigger and stronger?" It's easy to say, you are the chairman of the board, and you only give me a little bit of liquidity every year, how can I become bigger and stronger?"
Although Ma Tianming also knew that Jin Changxing was just perfunctory, compared to when Jin Changxing met him in the corridor before, he bowed his head and didn't even bother to greet himself, this time he can give himself a smile is already a big change.
Ma Tianming also knows a little about the embarrassment of the group's non-ferrous metal business. But even in this case, if he wanted to let himself, who was not very well received, enter the house immediately, Ma Tianming felt that it was a little unlikely.
This rare time to make a lot of money, so that Ma Tianming suddenly had confidence in his heart, he thought with great ambition: as long as he finds the law of making money, there is more money in this market. Sooner or later, one day I will let you see what I am capable of, and then you will not dare to underestimate me.
When Jin Changxing passed by the door of Li Xin's office, he stopped and said to Li Xin: "Hurry up and summarize the data and information in the recent market and report it to me as soon as possible." ”
The current sluggish copper price made Jin Changxing a little overwhelmed, he originally hoped that the copper price would stop falling and rebound, but now it is dark in front of him, and he can't see any hope.
He didn't know how long this situation would last, he had thought of all the ways he could think of, but the most important thing now was that the group had no extra funds in its hands, and it was in vain to think of any way. Now we can only stay up, and the situation may improve somewhat, after copper prices recover.
Li Xin nodded to Jin Changxing and said, "Okay." Then he turned off the market app and started sorting through the latest information and data. He regularly provided a copy of these materials to Jin Changxing every week, and now the data in his hand has been roughly sorted out, and he can send it to Jin Changxing's mailbox this afternoon after reviewing it again.
Li Xin, who had already made up his mind to ignore the price trend of futures, calmed down to do what he was doing, and it was not until the end of the afternoon that he opened the market software again to take a look at the price trend, only to see that the price of sucrose futures was still pressed on the falling limit.
Xia Xiaona, who was worried, had no intention of doing anything else today, her mind was all on the futures price, and she couldn't help but look at the price on the market software every few minutes.
After the market closed, she couldn't help but send a short message to Li Xin: "How is it, have you closed the position?"
After reading it, Li Xin replied to the message and said, "Not yet, let's talk about it tomorrow depending on the situation, you don't care." ”
But where is the worry in Xia Xiaona's heart that Li Xin can relieve with a word? The pressure in her heart has been lingering since last Thursday, and it is getting heavier and heavier, and it has reached the point where it makes it difficult for her to sleep.
Even if she doesn't know much about futures, she also knows that Li Xin will lose more tomorrow when she looks at the current trend.
This night, Li Xin tossed and turned like Xia Xiaona, and couldn't sleep very late. Although Li Xin's pressure is much less than Xia Xiaona's in comparison, he has been figuring out where the price will be after tomorrow's opening, and how much he will have to lose before he can play.
This kind of feeling of loss that is completely bottomless in his heart when he stepped on the air has not been experienced by Li Xin for a long time.
Early in the morning of the second day, he only slept for two or three hours in a daze, and he couldn't stay in bed as soon as it was dawn.
After getting up and taking a hot shower in the bathroom, he drove out to find a beef noodle restaurant on the road, and after breakfast, he saw that the time was almost up, and immediately rushed to the company to work.
The most important thing for him today is to find a suitable price to close the position and leave the market quickly, he doesn't want to be stuck in this passive situation endlessly.
I finally waited until 9 o'clock when the futures market opened, and the price that appeared on the computer screen was 4050 yuan, and it was a falling limit!
Seeing this result, Li Xin didn't even think about it, and immediately put all the 1,000 orders in his hand according to the price on the down limit board and waited to close the position.
With experience, he knows that today's falling limit cannot be broken until the close of the market as it was yesterday, but the current general trend is still downward, and it is difficult to grasp even if it can pull back dozens of points upward.
At this time, he no longer has the mind to think about whether he can lose hundreds of thousands of yuan, he now wants to close the position as soon as possible and leave the market, put this matter over, completely get out of this loss atmosphere, and then look for other trading opportunities.
After he put all his orders in, the sell orders on the down limit board have probably accumulated more than 10,000 lots.
As time passed, after more than 10 minutes, the list accumulated on the down limit board was gradually decreasing.
Li Xin knew that his list should be able to close soon. After two consecutive falling limits yesterday and today, the current short-term price has a certain advantage.
Not to mention the short-term list of entering the market on dips, let's just say that the short orders that entered the market before last Friday have a price difference of several hundred yuan per ton at this position, and the profits are very rich. In this case, the willingness to close a short position at a profit is also very strong.
Sure enough, just three minutes later, the fall limit was broken, and the price once returned to more than 4,100 yuan.
Li Xin breathed a sigh of relief when he saw that his list had all been closed. He looked at the futures account, and the transaction lost more than 4.8 million yuan.
Although the money was not enough to break his bones, it was his biggest loss so far.
It turned out that the list that could make a lot of money nine out of ten made him lose nearly five million in just two weeks, and this lesson was very profound for Li Xin.
A little frustrated, he turned off the market software, and just began to summarize the gains and losses of this transaction, but was interrupted by the phone ringing.
It was Yuan Jie who called.
"Why are you in such a hurry to close the position? Isn't it possible to lose hundreds of thousands of dollars by leaving 5 minutes?"
"Don't worry about those, it's not my strength to do short-term, if it's really short-term, when there is a profit of nearly 3 million yuan above 4,800 yuan, it should be closed. ”
"So what are you going to do?
"No, I won't touch sucrose again in the short term, and I'll talk about what I'm going to do in the future when I see the opportunity. ”
"Yes, if you need to call me. Yuan Jie knew that Li Xin must be uncomfortable with such a big fight, so he hung up the phone without saying anything more.
After Li Xin hung up the phone, she remembered that Xia Xiaona had been worried about this matter, so she took the initiative to send her a message: "It's already 4050 yuan stop loss and exit, it's not a big deal, I will definitely earn it back in the future, don't worry." ”
Xia Xiaona, who was in a complicated mood, wrote back and said, "I know, you should be more careful yourself!"
Li Xin thought about it after reading the information, and still dialed Xia Xiaona's phone: "I said that I would go to HZ this weekend, and I have booked a ticket now, huh?"
Xia Xiaona said: "Let's go again after a while, I'm not in the mood to go out and play now." ”
"I wouldn't have told you about this if I had known, didn't I tell you not to worry?"
"If you don't tell me, then who are you going to tell me?"
"No, I'm not afraid you're worried? ”
"Why don't you go for the time being, it's quite cold over there now, so let's go back in the summer, okay?"
Li Xin thought about it: "Okay, it's okay to go in the summer, otherwise it will be cold over there now, and the style of the water town in the south of the Yangtze River will not be experienced." So where are you going to go this weekend?"
"You can do it, just walk around the neighborhood. ”
"Okay, we'll talk about it then. ”
After eating in the evening, Li Xin, who was upset, couldn't stay in the house alone, so he drove to the provincial gymnasium to swim.
After leaving the market with a stop out of sugar futures, he is now looking for his next investment opportunity.
But now that the stock market is falling at an accelerated pace, there is no opportunity to enter the market at all, and investment opportunities in the futures market are not something that can be found overnight.
Good investment opportunities and big opportunities to make money must be obtained on the basis of careful analysis and research. Otherwise, the probability of losing money rashly entering the market is much greater than the probability of making money.