London, at this time the copper price has fallen to $5932, the downward trend has not stopped, the first wave of followers has begun the second short, their original appetite to close when they see good has been suspended, so that the main force of bears is gradually reducing their positions.

It is no wonder that while following the trend and wanting to make money, the main force is also calculating these followers, on the one hand, they are suppressing the price of copper futures, and on the other hand, they are constantly selling their positions at a high level, making the transactions during this period of time mainly short exchanges.

"At $5,940, I threw 200,000 lots, market orders, and saw how the market reacted, and all orders were withdrawn when it reached $5,940. Yokono Yamashima, who had been keeping a close eye on the market, ordered, he had been trying to see the reaction of the previous bulls, who knew that the main force had not reacted after the price of copper fell by $10, he suddenly remembered a possibility, which made him change his original mind and ask the traders who had been waiting for a long time to enter the market.

In Yokono Yamashima's mind, the possibility that made him change his mind was that the main bulls might choose to hold positions for a long time, so in his future plan to raise copper prices, these positions would be like a hitchhike, and it would be easy to make huge profits without effort.

This is what he does not want to see, and what he has to do now is to let these long positions take the initiative to leave the market.

Finally, the price of copper futures on this day closed at $5,937, the US dollar, and the number of trading lots reached 500,000 lots, an increase of 140,000 lots from the previous day. Although this market claims to be 24 hours, brokers also need to take a break.

But until the closing time, Yokono Yamashima couldn't be sure whether the bulls had left the market.

···

The next day, Lin Haocang received a call from Anthony, and then he understood what happened last night, and he couldn't figure out what happened for a while, even if he repeatedly watched the real-time changes in the daily moving average, he had no clue and finally had no choice but to give up, and told Anthony to continue to buy copper, while waiting for the next change in the market.

May 1 was the weekend, and on this day, Lin Haocang specially flew to London for a meeting of investors of the Barek hedge fund.

The Barlake Hedge Fund was founded in 1988, the same year as the famous Renaissance Technology Hedge Fund, and like Renaissance Technology, the founder Rogers also focuses on short-term trading, which is also quantitative model trading, and recruits mathematicians and scientists.

There was a story about Rogers when he heard his staff say that it would take 3 to 8 weeks to build a trading model, and he was furious that he was very unhappy with such inaccurate reports. Later, these employees learned to be obedient, and when reporting similar work, it was a week, but there would be a deviation of 2 weeks before and after, although in reality it was still 3 to 8 weeks, but it was this way of reporting that aroused Rogers' appreciation.

Rogers entered the financial industry from Stanley & Co., after which he founded his own hedge fund. Since its establishment, his econometric analysis team has been studying stock price models and option price models, using nonlinear models to find signals of stock price movements, and finally operating on these unchecked data, and they soon became successful in the market. By 04, they had hundreds of employees, and their daily turnover was very large, ranking among the best in the exchange!

When Mr. Lin and Mr. James walked to the upscale office building on 45th Street in London's West End, they were greeted by staff from a specialized public relations agency who gave the investors a tour of the Barlake hedge fund's workplace and arranged for some of them to answer their questions. This will be followed by a dinner party where people from all walks of life come together to listen to Rogers' predictions for the market and its outlook for the future.

The whole investor meeting is probably such a process, and the reason why such a gathering is held is to get closer to the relationship with investors. The second is to convince these investors to continue to be generous.

When Lin Haocang and James walked into the interior of this hedge fund. Surprisingly, the staff here were dressed differently from the elite of the orthodox financial street, and they were dressed casually, even with a hint of Pomican style, which was very different from the bankers who often wore sophisticated suits, bright ties, shiny leather shoes and meticulous heads.

And that's not the most surprising thing for investors. Because then they found sleeping bags in the employee's office. Although the Wall Street elite are all workaholics. But those investment bank employees have absolutely no tradition and habit of sleeping in the office, and even if they need to work all night, the investment bank will send a car to take them back to their homes in the early hours of the next morning. Wait for them to take a shower and change into clothes before taking them back to the office.

"If you don't go home, you'll be able to concentrate better!" explained a young man with thick eyebrows and a tall nose, seeing the confusion in everyone's eyes.

The investors nodded their heads, and it didn't take long for them to focus their attention on another place, only Lin Haocang and James had been standing in front of the sleeping bag, talking to each other and not knowing what they were talking about.

This young man is also among the two investors in this group of investors, especially among a group of middle-aged and elderly people with big bellies. He was so surprised that the idea of making friends moved in his heart.

Generally speaking, people who want to start their own business will pay great attention to the customer channel, especially those who have both money and are willing to invest, and at this time this young man has already sprouted the urge to start a business in his heart, but he has well hidden this idea in his heart, and this day happened to be a meeting of some investors, so he volunteered to come and act as a receptionist.

"You two, I don't know if there is anything that can help you?" The young man walked up to Lin Haocang and James and nodded slightly to them, with an attitude of knowing everything and saying everything.

His move undoubtedly won James's favor, James looked at Lin Haocang, and saw that he didn't say anything, so he said: "I have a lot of computers here, even more than other hedge funds, and some people even have a few computers on their desks, I don't know why?"

It turned out to be this, the young man secretly breathed a sigh of relief, he originally thought that the two of them would ask confidential questions, after hearing James's question clearly, he smiled and said: "We are here for quantitative trading, which is based on mathematical models and operates through probability, because computers have unparalleled advantages in building and trading, so we have a lot of computers here." ”

But in his heart, there was a ripple. He heard it very clearly, the client just said that he mentioned other hedge funds, and it was obvious that he had also been to his peers, and he knew that transparency and openness were the two most hated things in the hedge fund industry, and if he was an ordinary person, he would definitely not be able to enter the interior of these hedge funds. In this case, the client must have invested in another hedge fund.