523 has a net worth of $6 billion and is in the abyss

Hu Xiaowei had just gone to the bathroom, and when he returned to the trading room, he saw a big black candlestick appear in the 15-minute chart of EUR/JPY, and his face suddenly changed!

"This, this, how is this possible?"

During the time he went to breakfast and went to the bathroom, the EUR/JPY pair plummeted by 120 points!

Dropped from 127.20 to 126.00!

They've lost a lot of money in their accounts!

Now they have a long position of 800,000 lots of EUR/JPY in their account, with an average opening position of 127.50, and a fluctuation of one point is a profit or loss of $8 million, and now they have a floating loss of 150 points in their account, for a total floating loss of $1.2 billion.

Hu Xiaowei's whole back was in a cold sweat, and he panicked in his heart.

"Alas, the situation seems to be getting worse and worse for me!"

"Should I stop my losses now?"

He was struggling, tangled...

$1.2 billion is not a small amount. If the stop loss is closed now, it will cause the EUR/JPY pair to fall further, and they may lose about $1.5 billion.

At this moment, the traders in the trading room looked at Hu Xiaowei's appearance, and they were also nervous!

Some people want to stop the loss, but some people want to keep resisting.

They just waited for Hu Xiaowei to speak.

Hu Xiaowei walked back and forth a few steps back and forth, and said, "Keep holding!"

He also intends to resist for a while!

After all, a Dongying economic data has just been released, which is very good, bullish for the yen and bearish for EUR/JPY, causing the bears in the market to attack frantically, making the EUR/JPY fall by 120 points, but there is also support at the 126.00 position.

It depends on the strength of the support here at the 126.00 position, and whether it can hold this pass!

Hu Xiaowei also thinks that there will be a lot of bulls who are waiting on the sidelines to buy the bottom, once the EUR/JPY is supported at 126.00, those short-term bears in the market will also take profits and leave the market, and the EUR/JPY will still rise at that time.

"Yes, manager!" Since Hu Xiaowei had spoken, the traders didn't say much.

Time passed slowly, and the EUR/JPY pair was supported at 126.00, and at 10:30 the EUR/JPY pair rose by 20 points, from 126.00 to 126.20.

There is still a loss in the account

This made Hu Xiaowei have a lot of hope in his heart, and he wanted to continue to resist more and more.

As long as the resistance continues, the EUR/JPY pair will definitely rise again above the 127.00 level.

Time passed slowly, and by 12 p.m., EUR/JPY fell again and returned to the 126.00 level!

"Hiss! Hu Xiaowei was very nervous in his heart.

"Hold on, hold on!"

"You have to hold on!"

···

Although it was lunchtime, Hu Xiaowei didn't even have the appetite to eat.

··

At this moment, in the super villa on Helandway in Repulse Bay, Lin Haocang got up slowly, then washed up carefully, came to the restaurant, and slowly enjoyed the exquisite lunch prepared by the maids, because when he went home last night, Lin Haocang played late at night, so he got up late today.

If it weren't for the midday sun shining on his face, he would probably have slept until the afternoon.

Lunch was hearty and was made by a dedicated chef, foie gras soup, beef tenderloin, pan-fried foie gras, apple pie, grilled steak, roast pork, fig dessert.

Lin Haocang watched TV while eating lunch, and the financial news said that Dongying's economy was strong...

At 1 o'clock in the afternoon, Lin Haocang drove to the Sky Capital Center.

Holding a cup of Longjing tea, he took a sip gently, leaned on the boss's chair leisurely, opened the EUR/JPY chart and looked at it, and was overjoyed!

Unexpectedly, the euro/yen fell sharply this morning, and is currently at the 126.00 position, Lin Haocang holds a short position of 500,000 contracts of EUR/JPY in his account, and now has a floating profit of 160 points, with a total floating profit of 800 million US dollars.

The account equity reached $5.8 billion.

"The euro/yen is still expected to fall today!"

"The lower level of 125.30 is the support level formed by the 10 moving average on the daily chart, and the EUR/JPY should fall here today before stopping!"

Lin Haocang knocked lightly on the table, thinking in his heart that the euro/yen may fall to 125.30 today, or maybe it will fall below 125.30 directly.

Time passed slowly, and EUR/JPY has been oscillating at 126.00.

At 5 p.m., EUR/JPY finally broke below the 126.00 level and fell to the 125.80 level!

Lin Haocang's account has a floating profit of up to 900 million US dollars, and the net value of the account is 5.9 billion US dollars, which is about to break through the small threshold of 6 billion US dollars, which Lin Haocang is very much looking forward to.

The clock ticked by, and at 5:30 p.m., the Eurozone released economic data.

Eurozone PPI MoM (February).

Previous:0.8%

Forecast: 0.4%

Published value: 0.1%

The Producer Price Index (PPI) refers to a measure of the production cost of an industry, which includes manufacturing, intermediate goods, energy commodities, capital goods, durable and non-durable consumer goods, etc., and is used to represent the transaction prices between manufacturers. The data generally has only a potential impact, as Germany and France, which account for about half of the eurozone's overall economy, have already published similar data.

This economic data is bearish for the euro, and suddenly EUR/JPY began a new round of decline!

After 10 minutes, EUR/JPY fell by 40 points to the 125.40 zone!

Lin Haocang's account has a floating profit of up to 220 points, with a total floating profit of $1.1 billion, and the net account value is as high as $6.1 billion.

After watching the net value of the account break through the small threshold of $6 billion, Lin Haocang felt comfortable in his heart.

Lin Haocang went to pour himself a cup of tea and waited leisurely for the euro/yen to continue to fall!

····

At this moment, Hu Xiaowei saw that the EUR/JPY had fallen to the 125.40 level, sweating profusely on his forehead, and his back was soaked again.

Unexpectedly, the EUR/JPY fell all the way, and the bulls in the market couldn't stop it at all!

Now they have 800,000 lots of short positions on EUR/JPY in their accounts, with an average opening position of 127.50, and are currently floating 210 points, for a total of $1.68 billion!

Seeing that the euro/yen is so weak, with a loss of $1.68 billion floating in his account, Hu Xiaowei's heart is extremely painful, and his pupils are full of fear!

He was scared, frightened, dazed, overwhelmed.

"What should I do?"

"Hiss!!"

"Why are the bulls in the market so vulnerable!"

"Alas, when labor and management found out that something was wrong, they should have cut the meat and stopped the loss!"

Hu Xiaowei was very remorseful in his heart, he felt that something was wrong before, but the market gave him a little hope, so he chose to continue to fight against orders, but he didn't expect the market to trap him in a blink of an eye, making the floating losses in their accounts increase step by step and fall into the abyss.