Chapter 397: Good Fortune Comes Again?
After the afternoon opened, the price of sugar futures maintained a strong shock, and by the end of the afternoon, the price closed at 4,605 yuan, firmly standing above the integer mark of 4,600 yuan.
Judging from the pattern of the candlestick chart, this white candle has completely regained the highest point of the previous three days of the black candlestick, indicating that this wave of pullback has completely ended and the rally has started again.
According to this closing price, in just two trading days, Li Xin has made a profit of more than 700,000 yuan.
This made Li Xin very happy: everything was going according to the original plan, and it seemed that good luck would befall him again.
Because she couldn't stand the pressure brought by price fluctuations, Xia Xiaona didn't dare to look at the market trend during trading hours in the afternoon, and it wasn't until after the close of trading at 3 o'clock that she opened the market software and looked at the closing price.
After knowing the closing results, she sent Li Xin a sign of love and a like.
On Tuesday morning, sugar prices rose even more rapidly, opening with a high price of 4,680 yuan and opening 75 yuan higher.
And in the next 8 minutes, the price quickly pulled to around the price limit of 4761 yuan.
"Damn, is this going to hit the price limit?" Li Xin exclaimed. Even if he was bullish, he didn't expect today's rally to be so rapid.
The price of sugar stopped on the price limit for a while, and immediately encountered a wave of rapid suppression, and the price gradually rebounded to about 4,710 yuan.
At the integer mark of 4,700 yuan, the power of the bulls appeared again, and the long and short sides continued to fight for this position.
This round number threshold is very important for the bulls, who managed to pull the price so high, and if they break this round number threshold, all the efforts of yesterday and this morning will be undone.
So the bulls launched a frantic blockade here, trying to ensure that this important stronghold would not be lost. Under the protection of the bulls, the power of the bears gradually disappeared, and since then the price has never fallen below 4700 yuan, and has been oscillating back and forth above the integer mark of 4700 yuan, and it is obvious that the strength of the bulls far exceeds that of the bears.
In the rest of the time, the price gradually goes higher and higher. At 1:40 p.m., the price of cane sugar was again sealed on the price limit, and this price continued until the close.
Li Xin's profit now reaches 2.3 million yuan.
Looking at this trend, Li Xin calculated in his heart: within a week or two, the price of sucrose is estimated to break through the 5,000 yuan mark.
Judging from the trend in recent days, the long and short sides of each integer mark will face fierce competition, and he estimates that such a situation will also be encountered at the 5,000 yuan mark.
And the price to this position, from the lowest before the Spring Festival around 3,700 yuan, the price has risen by nearly 1,400 yuan, such an increase is very rare in recent years.
For the 1,000 positions in his hand, at the position of 5,000 yuan, the profit is 4.7 million yuan, and he should also make a profit and leave the market.
The news that Li Xin earned more than 1 million yuan was known by Xia Xiaona when she looked at the price at noon.
She was overjoyed and knew that the money was not easy to come by, so she didn't come up to disturb Li Xin at noon.
After the afternoon closed, she couldn't help but feel joyful and ran up to find Li Xin again.
In just three or four days, you have earned more than 2 million yuan, which is more than the profit of some branches in half a year. ”
"What's this, the best is yet to come. Li Xin said disapprerovingly.
"When do you plan to close your position?"
"When the price is close to 5,000 yuan. ”
"It's better for you to close a part of the position first, and leave a part to close the position when it is 5,000 yuan, which is more stable. ”
"Wait two more days to see, today is the price limit, alas, the price will definitely continue to rise. ”
"Okay, then you can do it yourself, I'll go down, there's something going down there." ”
"Hmm. ”
The rapid rise in futures prices for two consecutive days surprised Ma Tianming: Could it be that he had misestimated?
Although he is sure that his judgment is not wrong, but such a rapid rise in front of him is real, if he does not continue to be bullish on the future market, who dares to continue to raise the price in such a high position?
And today's price is closed on the price limit, which is the highest price in half a year. At this time, should he press the goods in his hand and sell them again, or should he hurry up and ship the goods according to the original rhythm? He was a little undecided.
Just when Ma Tianming was hesitating, Lin Li, who was in the sales area, called: "Mr. Ma, the futures price has risen so sharply in the past two days, what should we do with the goods in our hands, or continue to sell?"
"How is the selling price in the market over there, is it going up?"
"yes, it just fell a little bit, and now it's up again. ”
Ma Tianming thought for a while and said, "I think it's better to sell it quickly, this price is already the highest price in more than half a year, and no one can say how much it can continue to rise." The point is that there is not much inventory in various places now, and you have less than 1/3 there, right? ”
Lin Li said: "Then I'll sell it as soon as the price is good." ”
"Hmm. ”
There is already a profit of more than 2 million yuan, and Li Xin is full of confidence looking forward to the sugar price, which has hit a high point in the past two months, to continue to break through.
Today, however, he was taken aback by the trend of sugar prices.
Early on Wednesday morning, after the price of sugar opened at a gap of 4,792 yuan, it immediately encountered a wave of strong selling, and the lowest fell to 4,730 yuan in 10 minutes.
In Li Xin's eyes, after two consecutive days of sharp rises, such a pullback after today's opening is not unexpected. The price was supported by the bulls around 4730 yuan, and the price saw two waves of rapid increases.
By around 9:50, the price broke through the integer mark of 4,800 yuan and rose rapidly, once reaching a high of 4,844 yuan.
Until this time, the trend of sugar futures prices was completely expected by Li Xin.
But in a blink of an eye, the bulls who were surging just now seemed to disappear in an instant, and the price no longer continued to rush up, but gradually began to fall from this position, and when the market closed at 10:15 in the morning, the price closed at 4760 yuan.
Compared with the highest point of the day, this price has fallen by 84 yuan, which is not insignificant.
Although the pattern of this wave of decline is a little ugly, it still seems high compared with the lowest point of the day of 4730 yuan, so Li Xin is not worried that the price will fall after the reopening at 10:30.
Because the two long white candlesticks in the first two days were quite strong, and they hit new highs in recent times. At this level, the probability of rising is much greater than the probability of falling.
However, it backfired, after the opening at 10:30, the price continued to decline before, and fell to the integer mark of 4,700 yuan in just 6 minutes.
In this position, the price trend was slightly consolidated, but the recovery was only more than 10 points, and 5 minutes later followed by a wave of rapid decline, and at 10:45, the price quickly fell to the 4650 yuan mark.
Even at this position, Li Xin still had a fluke, thinking that it was just a deep pullback in the day, and now there are more than two hours of trading time before the close. In the later move, the bulls still have a chance to close the price sharply higher.
However, the trend after just 5 minutes surprised him again, and the price only made a little weak resistance near the 4650 yuan mark, and then a more rapid wave of decline.
Starting from 10:50, in just 5 minutes, the price fell from 4660 yuan to 4514 yuan.
In this short morning, from the highest point of 4884 yuan to the lowest point of 4514 yuan, the amplitude is as high as 330 yuan.
Such a big fluctuation has not been seen even in the wave of decline when Li Xin shorted sugar prices and made a big profit a few years ago.
The floating profit of more than 3 million yuan that appeared in his account just now was not hot in his hands, and it was all gone in a blink of an eye, and he also lost nearly 200,000 yuan.
Li Xin felt a chill in her heart: No, yesterday's limit is up and down today?
It is true that the price did not stay at the position of the falling limit for too long, just touching the falling limit and was pulled up by the bulls, and then oscillated back and forth near the falling limit.
Because the decline in a short period of time was quite large, there were a lot of bargain buying, and the price gradually rose under the impetus of buying, and by the end of the afternoon, the price closed at 4584 yuan.
At this price, Li Xin still made a profit of more than 500,000 yuan.
Although today's long black candlestick is very ugly, in the eyes of Li Xin, who is resolutely bullish, the low point of this wave of decline did not fall below the low point of Monday's white candle.
From this point of view, this decline is just a strong pullback, and the market outlook is still bullish.
The reason why he has such confidence is that he saw that in the afternoon trend, the price was gradually pulled up from the falling limit, and gradually went higher and higher, showing that the strength of the bulls is very strong.
Here he made a mistake: because he was resolutely bullish, the wave of movement that was pulled up from the fall limit was in his eyes the behavior of many bulls to open positions on dips.
But in fact, this should be a part of the short positions that opened at a high level to take profits.
Because the profit margin of 300 points in just one trading day is already very considerable, it is the best choice for the bears to take profits in such a position, and then continue to suppress the highs.
In a blink of an eye, Li Xin lost all the more than 2 million yuan she earned yesterday, and Xia Xiaona already knew about the market trend when she was close in the morning.
She had never seen such a formation before, and she was completely stunned, and her mood fell from the sunny sky into the dark ice cave in a blink of an eye.